City attracts US$1.18 billion in FDI projects

Up till October 15, Ho Chi Minh City had attracted 312 foreign direct investment projects, bringing in US$1.18 billion in revenue from 36 countries and territories, with newly-registered capital at $490 million, according to the City Statistics Office.

Besides, 97 existing projects registered to increase their investment capital for an additional $690 million.

The first ten month foreign direct investment capital last year was $2.2 billion.

The commercial sector attracted the most number of FDI projects, with 101 projects, while the real estate sector had the most investment capital of $117.6 million. Foreign investors also focused on industrial, healthcare, construction, and science and technology projects.

The City Statistics Office said that 24 projects shut down operations while 54 projects with a total capital of $1.29 billion were dissolved or revoked licenses ahead of schedule and moved to another province. The numbers of valid projects until October 15 were 4,438, with a total investment capital of $31.3 billion.

By T.Mai – Translated by Thuy Doan

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