That added up to 11,219 valid foreign invested projects with registered capital totaling USD 55.75 billion at present in the southern economic hub, which is taking the lead nationwide in terms of the project number.

Workers produce mechanical components at a factory of the Misumi Vietnam Company in the Linh Trung Export Processing Zone of Thu Duc city, Ho Chi Minh City.

So far this year, Ho Chi Minh City has also seen 164 existing projects add USD 1.5 billion to their capital, up 39.2% year on year. They included 18 supplemented with USD 915 million in the processing and manufacturing industry, accounting for 58.8% of the total additional capital; and 21 with USD 278 million in the information and communications sector, accounting for 17.9%.

Singapore is currently the biggest foreign investor in Ho Chi Minh City with 148 projects worth USD 159.1 million, making 33.3% of the newly registered capital. It is followed by Japan with 82 projects worth USD 80.1 million (16.8%) and the Republic of Korea with 112 projects worth USD 54.9 million (11.5%).

Source: VNA