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Most HCMC FDI channeled into realty sector
Ho Chi Minh City realty sector received most foreign direct investment (FDI) channeled in the city last year. It attracted 19 projects worth up to over $1.265 billion, accounting for 5.3 percent in the total number of projects and 69.1 percent of the value, according to the city Statistical Office.
There were five realty projects with investment capital of over $100 million from foreign investors such as Malaysia, Cayman Island, Korea and Slovakia.
The city authorities last year granted licenses for 356 FDI projects capitalized at nearly $1.832 billion and legal capital at $677 million, falling 12 projects but 2.2-fold increase in investment capital, averaging $5.1 million per project. It was $2.3 million for one project in 2009.
Also in the reviewed period, there were 57 joint venture projects worth over $1.089 billion, accounting for 16 percent in the volume and 59.5 percent in investment capital.
There were 299 100-percent foreign invested projects for $742.1 million, accounting for 83.9 percent in the number of project and 40.5 percent in investment capital.
About $42.5 million was poured into three education projects.
The trade sector attracted 100 projects valued at $253.4 million (Accounting for 28.1 percent in volume and 13.8 percent in value).
The industry sector lured 45 projects worth $156 million, accounting for 12.6 percent in volume and 8.5 percent in value.
The construction sector drew 42 projects capitalized at $22.2 million.
The information and technology and telecommunication sector continued to attract many projects. However, these were small sized projects (Averaging at $700,000 per project).
There were 44 nations and territories investing in the city.
Majority foreign investors were mainly from Asian region including Singapore (64 projects worth $153.6 million), Korea (56 projects worth $380.8 million), Hong Kong (36 projects, $49.9 million), Japan (34 projects, $91.5 million), Taiwan (18 projects, $93.2 million), Malaysia (13 projects, $300.2 million), the US (25 projects, $7.9 million), British Virgin Island (Nine projects, $90.6 million) and Cayman Island (Four projects, $490.5 million).
The total raised and newly granted FDI capital in 2010 reached nearly $2.083 billion, rising 75.5 percent over the previous year.
The total number of valid FDI projects in the city was 3,857 ones capitalized at nearly $29.466 billion, up 340 projects and $2.130 billion year on year.
vietnamnet, TuoiTrenews
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