HCMC leads in attracting foreign investment of $1.92 billion

Ho Chi Minh City led in attracting foreign investment of $1.92 billion accounting for 23.8 percent of total in the first four months this year.

HCMC leads in attracting foreign investment (Photo: Han Huynh)

HCMC leads in attracting foreign investment (Photo: Han Huynh)

Meantime, in the first four months, total foreign investment in the country is $8.06 billion, just equal to 76.1 percent against the same period last year ( with$10.95 billion).
The Foreign Investment Agency under the Ministry of Planning and Investment said since the beginning to April 20, it is estimated that foreign direct investment (FDI) enterprises had disbursed $5.1 billion, a year-on-year increase of 6.3 percent.
The country had new 883 projects which were given business certificates with total investment of $3.55 billion. Of which, 303 projects registered to pour more investment of $2.24 billion, equal 51.5 percent compared to same period last year.
In term of sector, in past four months, foreign investors poured capital into 17 sectors. The manufacturing sector remained the most popular field of investment for foreign investors who poured $4.52 billion accounting for 56.1 percent total registered capital.
Followed, the realty sector also received much investment of $807.5 million accounting for 10 percent and wholesale and retail sector with investment of $779 million accounting for 9.7 percent.
Eighty-two countries or territories set up their investment projects in the Southeast Asian nation. South Korea retained its position as Vietnam’s leading source of foreign direct investment (FDI) with total investment of $2.32 billion accounting for 28.7 percent.
Besides South Korea, businesses from Japan poured $1.29 billion into Vietnam, making up 16 per cent of the country’s total FDI, while those from Singapore injected $808 million, equivalent to 10 per cent of the total FDI.
HCMC continued to be the largest recipient of FDI during the period with $1.92 billion, while the northern port city of Hai Phong received $1.03 billion to take the second
The third largest recipient of FDI was Hanoi with investment worth $746 million.
In the first four month, exports by the foreign-invested sector with oil revenues reached nearly $53.48 billion, surging 18.9 per cent year-on-year and accounting for 72.5 per cent of the nation’s total export turnover.
The sector also imported goods worth $42.31 billion, up 9.3 per cent over the same period last year. It accounted for 60.1 percent of import turnover.


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