Foreign investment in HCM City up 43% in two months
As much as 332.3 million USD in foreign investment was poured into Ho Chi Minh City in the first two months of this year, up 43.1% year on year, the municipal Statistics Office reported.
HCM City attracts 332.3 million USD in foreign investment in the first two months of 2023. (Photo: VNA)
HCM City (VNA) – As much as 332.3 million USD inforeign investment was poured into Ho Chi Minh City in the first two months of this year, up 43.1% year on year, the municipal Statistics Office reported.
The southern economic hub granted investment certificates to101 projects with registered capital of 97.7 million USD, up 22.8% from a yearearlier.
Singapore ranked first with 23 new projects worth 76.6million USD, accounting for 78.4% of the new capital. It was followed by theRepublic of Korea (RoK) with nine projects worth 4.8 million USD, equivalent to4.9%; and Taiwan (China) with four projects worth 4.2 million USD, 4.3%.
Meanwhile, 47.6 million USD was channeled into 29 existingprojects. The RoK added the most, 16.4 million USD,making up 34.4% of the additional capital.
Duringthe period, foreign investors spent 187 million USD on contributing capital toand purchasing shares of local businesses, rising 15.9% year on year. Singaporeand the RoK topped the list in this regard, respectively accounting for 64.3%and 11.7%, data show.
As ofFebruary 20, total foreign investment in HCM City approximated 80.31 billionUSD. In particular, there were 11,447 valid foreign investment projects with totalcapital of nearly 56.33 billion USD. About 23.98 billion USD was registered tocontribute capital to and purchase shares of domestic firms, according to StatisticsOffice./.
As an economic locomotive, Ho Chi Minh City has always led the country in terms of investment attraction, drawing the attention of foreign investors from around the world.
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HCM City attracts 332.3 million USD in foreign investment in the first two months of 2023. (Photo: VNA) 
