Both domestic and foreign investment in Ho Chi Minh City rose in the first four months, according to the city People’s Committee.
|Unika Vietnam’s factory at the Tan Thuan Export Processing Zone in Ho Chi Minh City (Photo: SGGP)|
Investment by domestic businesses was worth VND78.34 trillion (US$3.72 billion), 31 percent higher year-on-year.
While 7,622 companies were incorporated in the period with registered capital of VND42.55 trillion, 12,529 existing ones increased their capital by VND35.78 trillion.
Ninety eight foreign companies worth $701.4 million were licensed while 30 others increased their capital by $64 million. The total amount represented an increase of 120 percent over the same period last year.
Incentives are offered to foreign investors in high-tech industries and those with high value addition, the Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza) said.
They will aid with the construction of the Vietnam-Japan Techno Park in Hiep Phuoc Industrial Zone and assist Japanese investors seeking to learn about the park.
The Saigon Hi-Tech Park management said it would focus on attracting investors in supporting industries for chip manufacture.