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FDI inflow into HCMC on rise

VGP – Ho Chi Minh City lured US$ 2.08 billion in foreign direct investment in 2013, representing a year-on-year increase of 51.98%.

01/12/2014 05:08

The City’s Department of Planning and Investment reported that, last year, the city granted licenses to 477 new FDI projects worth US$ 1.05 billion, up 76.72% against 2012.

Meanwhile, an addition of US$ 1.03 billion was poured into 139 ongoing projects, or 33.13% higher than 2012.

Besides, 67 FDI projects capitalized at US$ 436.78 million were relocated to other provinces and cities or terminated and 20 others valued US$ 21.42 million were temporarily suspended.   

So far, HCMC houses 4,924 valid FDI projects with total registered capital of US$ 33.5 billion of which 3,811 projects are wholly foreign-invested; 1,067 projects are joint-ventures.

Singapore is now the biggest foreign investor in HCMC, followed by Malaysia, and the Republic of Korea./.

By Kim Loan