HCM City’s FDI attraction touches nearly $2b in Jan-Sept

In the first 15 days of September, HCM City has granted investment license for 239 FDI (foreign direct investment) projects capitalized at $1.778 billion and chartered capital of $456.4 million, decreasing 20 projects but increasing 6.3% in value from the same period last year, HCM City Statistics Bureau reported on Wednesday September 21.
Under which, industry sector showed the most attractiveness with 30 FDI projects worth $1.09 billion (accounting for 61.7%), commerce sector with 59 projects worth $145 million (accounting for 14%), real estate and consulting services with 98 projects valued at $363.3 million (accounting for 20.4%).

Amongst foreign investors investing in HCM City in the first nine months of this year, Singapore remained the biggest foreign investor with 77% of total investment capital and followed by Korea, Japan, Taiwan and Poland.

73 existing projects registered to adjust the investment capital with a total raised capital of $203.7 million. Thus, in Jan-Sep, the city is estimated to have lured $1.98 billion worth of FDI capital, up 14.7% from the same period last year.

The total number of valid projects in the city as of September 15 was 4,102 projects with total registered capital of $31.6 billion, up 309 projects and 8.7% in value year on year.

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2011, Vietnam investment

Posted by VBN on Sep 22 2011. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry