Foreign investment in HCM City picks up in first two quarters

Ho Chi Minh City, Vietnam’s largest economic hub in the south, has attracted US$ 1.2 billion in foreign direct investment (FDI) in the first six months of the year, up 12.2 percent compared to the same period in 2014.

According to the municipal People’s Committee, the city has granted investment licences to 258 projects with a total registered capital of US$ 798.4 million  while 84 operational projects added US$ 409.9 million to their capital.

During the six-month period to June, the city’s export processing zones and industrial parks also saw a surge in the amount of investment capital, which reached US$ 623 million, making up 89 percent of the yearly plan and up 87 percent compared to the first two quarters last year.

Currently, there are nearly 1,370 operational projects in the city’s export processing zones and industrial parks with total capital of nearly US$ 8.8 billion.

FDI increase shows improvement in the investing climate and efficiency of the city’s policies to attract foreign investment, said Thai Van Re, Director of the municipal Department of Planning and Investment, adding that FDI projects landing in the city are shifting to high-technology and sustainable development.

According to Le Hoang Quan, Chairman of the municipal People’s Committee, the city authorities are completing procedures to grant investment licences for projects worth US$ 1.2 billion in Quarter 3.-


Other news

Most view

One hundred businesses with 120 stalls are featuring goods from Thailand at the 2013 Thai Retail Fair (Photo: VNA)

Thai commodities flood Vietnam market

While Vietnamese enterprises have struggled to export their quality goods to Thailand, Thai items have inundated the Vietnamese market in recent years.



Vegetarian buffet-good for health re-launched

Currently, vegetarian foods are becoming more and more popular not only in Buddhism but also being a trend to preserve human health and body care.


Self - introduction

Stock market

VPBank prepares for listing on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) said over 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will officially be listed on the HOSE, code VPB, from August 17 with the reference price of VND 39,000 per share.