City sanctions 200 more FDI projects

The Department of Planning and Investment in Ho Chi Minh City on July 3 said they have licensed 184 new Foreign Direct Investment projects with total capital of US$227.1 billion in the first half of this year.

Medical equipment being manufactured for export at a FDI company in HCMC (Photo: SGGP)

The number of projects and capital allotted account for 103 percent against 91.53 percent over the same period last year.

Of the new licensed projects is the $75 million medicine plant and research center of Sanofi Vietnam at Saigon Hi-Tech Park.

In the first six months of the year, investors of 59 FDI projects increased investment capital with $334.46 billion, accounting for 67.52 percent over the same period last year.

The Department of Planning and Investment has said they will continue to study and propose measures to improve investment and trade environment in coming months.

By Dinh Ly – Translated by Hai Mien

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