HCMC attracts FDI capital worth US$408 million in four months

HCM City has attracted US$408 million in foreign direct investment (FDI) in the first four months, accounting for 11.5 percent of total investment capital. The city grabbed the second position behind Hanoi that has US$498.7 million, accounting for 14 percent.

Tan Thuan Export Processing Zone (Photo: Sggp)

Tan Thuan Export Processing Zone (Photo: Sggp)

The city was followed by Binh Duong with US$364.8 million, accounting for 10.3 percent of total investment capital; Ninh Thuan attracting US$327.6 million occupying 9.2 percent; Dong Nai drawing US$273.9 million encompassing 7.7 percent; Ha Nam with US$187.7 million, accounting for 5.3 percent; Ba Ria- Vung Tau attracting US$182.7 million, accounting for 5.1 percent; and Quang Ninh with US$176.6 million, getting 5 percent.
In the first four months, the southern economic hub has granted certificates of investment registration for 883 projects with total registered capital of US$3,553 million, while another US$2,244.8 million has come through 303 existing projects.
The manufacturing and processing sector attracted the most registered capital with US$1,926.1 million, accounting for 54.2 percent of the total registered capital; followed by real estate business with US$455.5 million accounting for 12.8 percent, and other sectors with US$1,172.2 million accounting for 33 percent.
The city’s largest investor is Japan with US$877.7 million accounting for 24.7 per cent of the total registered capital. It is followed by South Korea with US$830.8 million at 23.4 percent and Singapore with US$ 459.2 million at 12.9 percent.

By CAO TRIET – Translated by Kim Khanh

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