Vietnam Biggest Economic Hub Pulls in US$700M FDI Jan-July
Ho Chi Minh City, Vietnam’s biggest economic hub, attracted 203 foreign direct investment (FDI) projects totaling US$713 million in the first seven months of this year.
Hong Kong, South Korea, Singapore, Malaysia, Taiwan, Japan, the U.K., France and the U.S. were the biggest investors among 29 countries making direct investments in the city.
High-tech, public heath and education were the most attractive areas for foreign investors in HCM City so far this year along with services, production industries, forestry and seafood sectors.
During the period, the city’s FDI sector exported US$2.65 billion of goods and imported US$1.97 billion of commodities. Foreign-invested companies also posted an on-year growth of 7 per cent in industrial production in the seven-month period.
HCM City is now home to 3,368 valid FDI projects valued at US$27 billion.
Of the sum, investors poured 48.5 per cent into the services sector, 36.3 per cent into industry and the rest in agro-forestry-fisheries. (VOV)
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