City sees recovery in FDI capital flow

The Department of Planning and Investment in Ho Chi Minh City said that there were 78 new foreign direct investment projects licensed in the first quarter of this year with a total investment capital of US$159.8 million, up 109.4 percent year-on-year.

In addition, 26 projects asked to increase their investment capital by an additional $175.3 million, down 60 percent compared to the same period last year.

Foreign investments, including newly registered and additional capital, touched $335.1 million in the first quarter, a decrease of 35 percent year-on-year.

In the first three months of this year, 21 projects with a total capital of $112.2 million were dissolved, had licenses revoked, or stopped operations, down 8.7 percent year-on-year. Of which, the dissolved projects were mainly in trade, industrial processing, science, technology, and real estate sectors.

In general, although the numbers of newly registered projects have dropped, the amount of investment capital and additional capital was higher than in the same period last year, signaling a recovery in FDI capital flow and showing investors’ confidence in the City’s investment environment.

By Dinh Ly – Translated by Thuy Doan

Other news