HCMC leads country in FDI capital

Ho Chi Minh City led Vietnam in newly registered Foreign Direct Investment (FDI) capital in the first two months this year with US$422 million, accounting for 59 percent of the country’s total number.

A FDI firm in Tan Thuan Export Processing Zone, HCMC (Photo: SGGP)

It was followed by the northern province of Vinh Phuc with US$52 million, occupying 7.4 percent and Bac Giang with US$52 million, accounting for 7.3 percent.

A total of 20 provinces and cities nationwide licensed 148 FDI projects with registered capital reaching US$712.3 million in the first two months, up 21.3 percent in the number of projects and down 14.3 percent in capital over the same period last year.

Besides, investors of 58 projects licensed in previous years supplemented with a total capital of US$480.5 million.

Accordingly, the total registered and additional capital hit US$1.19 billion, a reduction of 22.5 percent over a year ago.

By Anh Phuong – Translated by Hai Mien

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