HCM City Sees Two-decade FDI Record High
Ho Chi Minh City has licensed 271 new foreign direct investment (FDI) projects valued at over US$7.71 billion so far this year, marking a two-decade record.
The figure represents a rise of 12 times compared to the same period of last year, according to the news agency.
Projects of note receiving the city&rsquos licenses in the seven-month phase include the US$3.5 billion Berjaya International University project, the TECO software park project worth US$1.2 billion and the US$1.2-billion building by TA Associates Vietnam Ltd.
The fruitful result is attributed to the city&rsquos efforts to improve investment climate, and accelerate administrative reform in investment licensing procedures.
It also sought domestic and foreign capital sources to upgrade transport facilities, seaports, and telecoms services to facilitate the implementation of investment projects.
The southern hub is now home to 2,908 valid projects totaling US$24.91 billion, the news source said. (VNA)
Vietnamese
