HCM City lures over US$3 billion in FDI in first half of 2019

Friday, 2019-07-05 12:53:44
 Font Size:     |        Print
 

Ho Chi Minh City attracted over US$3 billion in FDI during the first half of this year. (Photo: VNA)
 Font Size:     |  

NDO - Ho Chi Minh City attracted over US$3 billion in foreign direct investment (FDI) during the first half of this year, according to the municipal Statistics Office.

Specifically, the city’s authorities have granted licenses to 572 FDI projects, with a total registered capital of US$528.8 million, while 137 currently operating projects registered to expand their capital, with total supplemented capital amounting to US$285.3 million.

As of June 20, the total for newly registered and additional capital neared US$814.1 million, down 3.2% year-on-year.

The real estate sector secured the most from FDI attraction, followed by science and technology, and the manufacturing and processing industry.

The British Virgin Islands were the largest FDI investor in the city while the Republic of Korea and Japan came second and third, respectively.