The Southern largest economic hub of Vietnam attracted USD 1.02 billion of FDI capital in the year’s initial two months, equivalent to 94.7 percent of the figure for last year’s same period, according to the municipal Department of Planning and Investment.

In the list of investors, the RoK was followed by Singapore (15.8 percent), Japan (15 percent), the UK (7.3 percent), and the US (4.8 percent).

Around USD 96.69 million of the capital was channeled into 165 new projects, while another USD 31 million was added to 31 existing ones.

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Photo: vietnamplus.vn

Among the new projects, those with science and tech-related activities attracted the most capital (51 percent), followed by wholesale and retail, along with motorized vehicle repair (34.6 percent); processing and manufacturing (5.7 percent); accommodation and food services (3.4 percent); and information and communications (2.2 percent).

In the last two months, HCM City also licensed 554 cases in which foreign investors contributed capital to or purchased shares of domestic businesses with total registered capital of over USD 894 million.

Meanwhile, more than VND 136.43 trillion (USD 5.86 billion) of new and additional capital was registered by domestic investors, including over VND 94.26 trillion of some 4,400 newly established companies.

Nearly 14,180 firms registered to add a total of 42.17 trillion to their existing capital, the Department of Planning and Investment said.

Source: VNA