HCMC grants investment certificates for FDI businesses

Five foreign direct investment (FDI) enterprises in Ho Chi Minh City were granted certificates by the People’s Committee of Ho Chi Minh City on June 21.

Chairman of the People's Committee of Ho Chi Minh City gives investment certificates for FDI businesses(Photo:SGGP)

Five FDI projects were handed over new investment certificates with added -investment capital of US$ 219.4 million. Of these, three FDI projects are granted new licenses with total investment capital of U$ 168.1 million and two projects with investment capital of US$ 51.3 million are adjusted their chartered capital.

As of the beginning of this year, 169 projects were issued new licenses with total capital of US$ 967 million, up 423 percent, compared to the same period of 2013.

Current statistic showed that Ho Chi Minh City has attracted US$ 1.08 billion foreign investment capital, up 202 percent compared to the same period last year.

Director of HCMC Department of Planning and Investment Thai Van Re said that foreign direct investment plays an extraordinary important role in economic development because foreign enterprises transfer not only their investment capital but also technology, techniques, methods into Ho Chi Minh City.

Mr Re also pledged that investment management agencies in Ho Chi Minh City will improve the administrative formalities better for foreign investors in upcoming time.

Speaking at the ceremony, Chairman of HCMC People's Committee Le Hoang Quan said that five licensed FDI projects are to prove that foreign investors keep faith in HCMC's investment environment.  

By staff writer- Translated by Huyen Huong

Other news