Southern Hub Attracts US$25.68B FDI in Two Decades
Ho Chi Minh City has licensed 3,141 foreign direct investment (FDI) projects totaling US$25.68 billion since 1988.
Of the sum, 48.5 per cent was poured into the services sector and 36.3 per cent went into industry and the rest into agriculture-forestry-fisheries.
Malaysia, Singapore, Hong Kong, South Korea, Taiwan, Japan, the British Virgin Islands, England, France and the U.S. are the biggest investors in the city.
The southern metro has recently witnessed a FDI rise in the areas of education, training, healthcare and technology.
However, HCM City has only seen US$10 billion of the total US$25.68 billion of pledged FDI funds.
It is also facing obstacles in luring foreign investors because of the shortage of skilled workers, poor infrastructure and rising production costs. (Labor, Vietnam & World Economy)
Vietnamese
