Ho Chi Minh City attracted USD 4.6 billion in foreign direct investment (FDI) in 2015, up 47 percent from previous year, according to the municipal People’s Committee.

During the year, the city granted licences to 566 new projects with total registered capital of USD 2.87 billion, rising 31.9 percent and 0.8 percent, respectively, compared to the 2014’s figures. In addition, 181 other projects got approval for capital addition.

Chairmand of Ho Chi Minh city People's Committee Nguyen Thanh Phong (R) granting investment licence to a foreign investor. Photo: VNA

The UK remains the top investor in the city with 10 projects valued at more than USD 1.2 billion, accounting for 42.8 percent of total capital, followed by the Republic of Korea with total investment worth USD 465.1 million (16.6 percent), British Virgin Islands with 370.3 million USD (13.2 percent), Singapore with USD 140.8 million (5 percent) and the US with USD 135.1 million (4.8 percent).

Regarding sectors, real estate drew the largest amount of foreign capital (USD 1.5 billion), chased by industry (USD 767.4 million), technology and science (USD 169.4 million), trade (USD 167.3 million) and information and communication (USD 32.1 million).

The city is currently home to 5,765 valid foreign projects with total investment of over USD 40.5 billion.

Source: VNA