FDI flow into HCM City surges 50 percent in first nine months
Friday, October 5,2018AsemconnectVietnam - Foreign direct investment (FDI) in Ho Chi Minh City rose sharply in the last nine months, with 5.47 billion USD poured into the southern economic hub over the period, up 50 percent year on year.
The property sector received 20.2 percent of the FDI capital.
The FDI flow mostly came from the Republic of Korea (28.1 percent), Singapore (25.7 percent), Norway (11 percent) and Japan (10 percent), according to the municipal People’s Committee.
Between January and September, new and additional domestic capital registered in HCM City hit nearly 673.49 trillion VND (28.66 billion USD), up 11.2 percent from a year earlier. The figure included more than 372.43 trillion VND (15.85 billion USD) in 30,600 new businesses and 301 trillion VND (12.8 billion USD) added to existing firms.
Real estate attracted the most capital in the period, with 40.7 percent
Regarding the continuous increase of capital poured into the property market, insiders predicted the sector will witness an even stronger capital influx in the remaining months of 2018.
The FDI flow mostly came from the Republic of Korea (28.1 percent), Singapore (25.7 percent), Norway (11 percent) and Japan (10 percent), according to the municipal People’s Committee.
Between January and September, new and additional domestic capital registered in HCM City hit nearly 673.49 trillion VND (28.66 billion USD), up 11.2 percent from a year earlier. The figure included more than 372.43 trillion VND (15.85 billion USD) in 30,600 new businesses and 301 trillion VND (12.8 billion USD) added to existing firms.
Real estate attracted the most capital in the period, with 40.7 percent
Regarding the continuous increase of capital poured into the property market, insiders predicted the sector will witness an even stronger capital influx in the remaining months of 2018.
Source: Vietnamplus.vn
Trade pact boosts Vietnam coffee exports to EU
UK's accession to CPTPP to bring more incentives for Vietnamese exports
Ministry proposes VAT reduction to 8% to boost economy
Trade surplus totaled 4 billion USD in first quarter of 2023
Exports of wood and wood products continues to face difficulties
Import and export decreased in first quarter of 2023
Exports of rattan, bamboo, sedge and carpet products decreased in first quarter
Reference exchange rate up 6 VND
Seafood market update: Exports down by 27% in the first quarter
DAILY: Vietnamese pepper prices remained unchanged on April 11
DAILY: Vietnamese coffee prices remained unchanged on April 11
Trade pacts key to 2023 export growth
Garment exports slump in first quarter
Stocks of coffee producers less appealing on market
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 ...