Ho Chi Minh City attracts over US$ 3.1 billion in FDI

Ho Chi Minh City, the largest southern economic hub, has attracted US$ 3.15 billion in foreign direct investment (FDI) in the first 11 months of this year, the Dau Tu (Investment) newspaper said, quoting a report from the city’s People’s Committee.

Samsung group’s Samsung CE Complex project alone has an investment capital of US$ 1.4 billion (Photo: photoshelter.com)

The figure represented an increase of 95.3 percent compared with the same period last year.

The city licensed 370 new FDI projects with a total investment capital of US$ 2.78 billion in the period, down 10.2 percent in terms of projects but up 194.6 percent in capital year on year.

Samsung group’s Samsung CE Complex project alone has an investment capital of US$ 1.4 billion, accounting for 50.4 percent of the total newly-registered capital.

Meanwhile, an additional US$ 365 million was poured into 123 existing projects, dropping 45.4 percent on a yearly basis.

Source: VNA

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