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FDI projects on the rise in HCM City
HCM City has granted investment licences to 175 new foreign direct investment (FDI) projects with a combined registered capital of US$1.73 billion in the first seven months of the year, according to the city's Department of Planning and Investment.
The registered capital represents an increase of 57 per cent against the same period last year.
The first seven months of 2011 also saw 61 existing FDI projects register to bring in additional capital, taking the total registered capital of new and existing FDI projects to more than $2 billion, up nearly 70 per cent from the same period last year.
Of the $2 billion, nearly $1.2 billion will be invested in the city's industrial parks and export processing zones.
The processing and manufacturing sector led in attracting FDI capital with 25 new projects, accounting for nearly 62 per cent of the total registered capital for new FDI projects.
The real estate sector had the second highest registered capital, attracting seven new FDI projects with a total registered capital of $334 million.
The education and training sector attracted one FDI project with a registered capital of $200,000.
As many as 47 FDI projects with a total registered capital of $141 million are in the wholesale and retail sales sector and the automobile and motorbike repairs sector.
vietnamnews
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