2.97 billion USD in FDI poured into HCM City in 9 months

October 03, 2022 | 15:20

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Ho Chi Minh City attracted 2.97 billion USD in foreign direct investment (FDI) this year to September 20, a year-on-year increase of 26.1 percent, according to the municipal Department of Planning and Investment.

Of the amount, 348 million USD was poured into 567 new projects, down 7.6 percent in value compared to the same period last year.

2.97 billion USD in FDI poured into HCM City in 9 months

Illustrative image (Photo: VNA)

Singapore was the biggest investor in the southern hub with 97 new projects totaling 121.8 million USD, accounting for 35 percent of the total newly-registered capital. It was followed by Japan and the Republic of Korea with 60 and 81 projects worth 60.2 million USD and 47.1 million USD, respectively.

Meanwhile, nearly 1.49 billion USD was added to 114 existing projects, 2.5 times higher than the same period last year.

Besides, there were 1,797 approved transactions of capital contribution and share purchases by foreign investors in the period with a total value reaching nearly 1.13 billion USD, down 16.2 percent year-on-year.

The number of valid FDI projects in the city at present is 11,007 with total registered capital of 55.45 billion USD.

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Southern HCM City topped the country in foreign direct investment (FDI) in the first eight months of 2022, accounting for 16.1 per cent of the national figure, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

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By VNA

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