HCMC lures most FDI in country

SGGP
Ho Chi Minh City attracted most foreign investment during the first nine months this year with the total capital of US$3.74 billion, accounting for 14.6 percent of the country’s number.

Electronic component production at Saigon Hi-Tech Park (Photo: SGGP)

Electronic component production at Saigon Hi-Tech Park (Photo: SGGP)

According to statistics from the Foreign Investment Agency under the Ministry of Planning and Investment, the north central province of Thanh Hoa was the second largest FDI attractor with $3.15 billion and the northern province of Bac Ninh was the third with $3.14 billion.
South Korea was the biggest investor in Vietnam with $6.31 billion, making up 24.7 percent of total capital. It was followed by Japan and Singapore with $5.91 billion and $4.14 billion accounting for 23.17 percent and 16.2 percent respectively.
New and additional FDI capital, capital contribution and share purchase by foreign investors totaled $25.48 billion, increasing 34.3 percent over the same period in 2016.
Of these, 1,844 projects were granted with investment certificates, increasing 30.4 percent; 878 projects registered to supplement $6.75 billion, up 28.3 percent. Capital contribution and share purchase by foreign investors hit $4.16 billion, raising 64 percent.

By ANH THU – Translated by Hai Mien

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