HCMC attracts huge FDI inflows: DPI

The first nine months of this year saw an FDI inflow of US$7.83 billion into new projects in HCMC, the city’s Planning and Investment Department said Sunday.

This is 97 percent of the total inflow of $8 billion, with the remaining three percent being capital added to existing projects, it said.

The figure also marks a six-fold year-on-year increase, the department noted.

Malaysia topped the FDI list with a project worth $3.5 billion to build an urban area including the Berjaya Township International University in Hoc Mon District.

The Thu Thiem Software Park worth $1.2 billion and the $1.9 billion Vietnam Financial Center in District 10 are the other large FDI projects for the city this year.

Real estate, information technology and finance are the top three FDI sectors.

The first nine months of 2008 saw the influx of 885 FDI projects worth $57 billion into Vietnam, nearly a five-fold year-on-year increase, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Thanhnien

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