AsemconnectVietnam - Ho Chi Minh City granted licenses to as many as 947 FDI projects with total registered capital of over US$953 million in the past nine months, up 39.2% in term of capital compared to the same period last year.

In addition, other 227 FDI projects have reported to increase investment capital by US$493.6 million while new share purchases valued at US$4 billion.
In the reviewed period, the total FDI inflows to the biggest economic hub in Viet Nam’s rose to US$5.4 billion, in which real estate took the lead with 36 projects worth US$370 million, accounting for 38.5%, followed by science and technology with 223 projects and US$234.9 million and trade with 407 projects, worth US$153.6 million.

Among 62 nations and territories investing in the city, Singapore was the largest investor with US$240.6 million, making up 25.2%, followed by British Virgin Islands US$179.4 million, the Republic of Korea US$169.9 million and Japan US$143.9 million.
Shinji Hirai, Chief Representative of the Japan e Japan External Trade Organization (JETRO) said HCMC is considered as the most favorite destination for Japanese investors in Viet Nam.

FDI enterprises have contributed 2 percentage point to the city?s annual GRDP growth rate and created 670,000 direct jobs. Each FDI firm has contributed VND5 billion to the State budget.
The export value of FDI businesses is estimated at around US$20 billion per year, accounting for 58% of the city’s total export turnover.
Source: Reuters.com