HCMC attracts US$824 million FDI capital in four months

Ho Chi Minh City attracted a total of US$823.5 million of foreign direct investment (FDI) capital in the first four months this year, a year on year increase of 7.6 percent, reported the city People’s Committee yesterday.

As of April 20, 158 new projects were licensed at US$615.3 million, up 55.9 percent in number but down 12.3 percent in capital over the same period last year.

Investors of 52 projects registered to increase investment capital by US$208.2 million, up 73.3 percent in number and 225.5 percent in capital.

HCMC had 8,823 new firms established as of April 20 with a total of VND46,987 billion, increasing 15.7 percent and 10.4 percent number and capital respectively.

709 companies completed procedures to dissolve accounting for 8 percent of the new firms and reducing 5.8 percent from a year ago.

By Binh Minh – Translated by Hai Mien

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