HCM City lures 2.15 billion USD in FDI in six months
Monday, June 19,2017AsemconnectVietnam - Ho Chi Minh City has attracted 2.15 billion USD in foreign directed investment (FDI) in the first half of 2017, doubling the figure in the same period last year, reported the municipal People’s Committee.
At the same time, the southern largest economic hub also permitted 915 foreign investors to contribute capital to, buy shares or repurchase capital contributions in local firms with total sum of 1.15 billion USD.
According to the city’s People’s Committee, 124 million USD, or 33.1 percent of capital of the new FDI projects was injected into processing and manufacturing sectors, while 110 million USD, or 29.4 percent, was invested in wholesale and retail, automobile and motorbike repair, and 56.23 million USD, equivalent to 15 percent, was poured into information and communications.
The Republic of Korea was the largest investor in the first half of 2017, accounting for 26.9 percent of the total FDI. It was followed by Japan with 14.1 percent, Malaysia with 12.1 percent and Singapore with 11.1 percent.
The city’s Department of Planning and Investment is offering online investment registration services for foreign investors.
Nguyen Thi Thu Hoa, vice director of the department, said that in the first six months of this year, the agency received 612 online applications. Currently, the department is working on the second phase of the project with expanded area of investment procedures for foreign investors.
The city also expects big and prestigious businesses to invest in its high technology sector and engage in researching, training and incubating activities.
Vietnam's coffee exports slow in Q1 as domestic prices rise
Vietnamese businesses updated on India’s new foreign trade policy
Reference exchange rate up 2 VND on April 7
Bac Giang hastens public investment projects, industrial parks
Bac Giang province boosts farm produce sales
Resolution on oil, gas sector to fuel Ba Ria - Vung Tau’s growth
Vietnam eyes 30 billion USD in food, food stuff exports annually
Vietnam exports 1.7 million tonnes of rice in Q1
DAILY: Vietnamese pepper prices remained unchanged on April 7
DAILY: Vietnamese coffee prices decreased by 300 VND on April 7
Industrial production index fell in Q1
Labour market continues recovering in Q1
Rice market update: Vietnam's ST25 rice exported to the Republic of Vanuatu
DAILY: Vietnamese pepper prices remained unchanged on April 6
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...