HCM City’s January FDI attraction soars

During the first 20 days of January 2011, HCM City licensed 14 foreign-funded projects amounting to $43 million, the Thoi Bao Kinh Te Saigon newspaper reported, citing Vo Van Luan, Chief of HCM City People’s Committee office as saying on January 24.

Another six FDI projects were registered to be increased in capital size with an extra $7 million in January.

On January 21, the committee granted the investment certificate to a solar battery production project worth $1 billion by First Solar Group, which is expected to contribute $1 billion a year to the city’s export turnover once it is put operation by April 2014.

HCM City Export Processing Zones Management Board (Hepza) expected, investment attraction at the zones will reach $1.4 billion, a double compared to 2010. – Vietbiz24

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

Posted by VBN on Jan 26 2011. Filed under Investment, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry