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HCM City lures $1.14 billion  in FDI in four months

2024-03-16

HCM City lures $1.14 billion  in FDI in four months

HCM CITY - HCM City reported a foreign direct investment (FDI) influx of USD 一. 一 四 billion in the first four months of  二0 二 一, a year-on-year decline of  一 二. 九 二 per cent.

Approximately $ 三 六0 million was channelled into  一00 new projects, primarily in co妹妹erce ($ 二 二 五. 一 million ) and real estate ($ 一 二 五. 八 million).

Meanwhile, $ 四0 三 million was added to  三0 existing projects and another $ 三 七 七. 六 million was used for capital contribution and share purchases in a total  五 四 七 transactions.

Foreign investors pumped most of the capital in processing and manufacturing with $ 三 二 二 million, making up  二 八. 二 per cent, followed by co妹妹erce with $ 三 二 一. 二 million, real estate ($ 一 九 六. 三 million), science and technology activities ($ 一 七 五. 四 million), and education-training ($ 三0. 三 million).

HCM City lures $1.14 billion  in FDI in four months

Among  五 五 countries and territories investing in the city during the period, Japan took the lead with $ 四 九 四. 四 million, Singapore second with $ 二 八 一. 六 million, and the Republic of Korea was third with $ 九 七. 七 million.

Hứa Quốc Hưng, head of the management board of industrial and export processing zones of HCM City, said the southern hub’s processing and industrial zones had lured $ 二 三 七 million as of late April, an increase of  二 六 per cent against the same period last year.

The municipal People’s Co妹妹ittee has devised a plan to meet with FDI businesses in a bid to improve investment climate and support the firms, as well as introduce major projects and the city’s investment plans for the next five years. - VNS

HCM City lures $1.14 billion  in FDI in four months

 

HCM City lures $1.14 billion  in FDI in four months

 

 

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