HCMC eyes doubling 2013 FDI

July 02, 2014 | 09:00

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Ho Chi Minh City has so far been successful in its goal to double the number of foreign-invested projects licensed this year against 2013 with $1.08 billion in the first half.

Last year the southern hub attracted 477 foreign-invested projects, with total registered capital of $1.05 billion, rising 77 per cent against 2012.

The city has set a target of doubling its total FDI this year, with the focus on hi-tech and support industries, city chairman Le Hoang Quan told the municipal Party Committee’s executive conference over the weekend.

The $1.08 billion seen in the first half of this year went toward 169 new projects ($967 million) and 53 existing projects ($110 million).

At a meeting with the heads of newly-licensed FDI projects in late June, Quan said the city would continue to take measures to ensure transparency in administrative procedures and security for investors, while providing them with further assistance through the availability of an adequate infrastructure system and effective human resources training.

By By Tuong Thuy

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