FDI capital reaches US$3 billion in HCMC

The total Foreign Direct Investment (FDI) capital reached US$2.9 billion in Ho Chi Minh City as of October 20 this year, increasing 97.6 percent against the same period last year, reported the city People’s Committee.

Production at Thang Loi Garment Company, Tan Phu District, HCMC (Photo: SGGP)

Of these, 332 new projects were licensed with total a registered capital of US$2.7 billion, a reduction of 8.5 percent in number and increase of 219.4 percent in capital.

Besides, 107 projects supplemented an extra of US$270.1 million capital.

In October, HCMC granted investment certificate to the US$1.4 billion Samsumg CE Complex project of the Samsung Electronics Group. Onehub Saigon project of Ascendas Saigon Bund Company was also licensed at US$130 million.

By Dinh Ly - Translated by Hai Mien

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