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Jan-Jul FDI to HCMC doubles

Released at: 10:18, 28/07/2015

Jan-Jul FDI to HCMC doubles

New and additional capital to FDI projects in the City rise 2.3-fold in first seven months.

by Bang Nam

Foreign direct investment (FDI) into Ho Chi Minh City increased 2.3-fold in the first seven months of 2015 against the same period last year, reaching $2.5 billion.

The City licensed 284 new projects with total investment of $2.02 billion, up 35.2 per cent and 210 per cent, respectively, year-on-year.

Additional capital of $456.5 million was injected into existing 89 projects, an annual increase of 410 per cent in capital and 48.3 per cent in project numbers.

Most capital went to the real estate sector, with four projects and $1.31 billion, followed by industrial projects with $491.9 million and trade projects with $112.5 million. 

The UK is currently the largest investor in the City, with five projects worth $1.2 billion, accounting for 59.2 per cent of newly-registered capital. 

The British Virgin Islands followed, with seven projects worth $306.5 million or 15.1 per cent, followed by South Korea with 61 projects and $210.5 million and Singapore with 47 projects and $100.8 million.

Nineteen projects worth $69.7 million were dissolved or suspended in the first seven months of the year.

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