HCMCity Pledged FDIInflowFalls 33% to US$381.9M in Q1
Ho Chi Minh City said pledged foreign direct investment (FDI) fell 33% to US$381.98 million in the first quarter amid the global economic downturn.
In March, the city authority licensed 35 FDI projects totaling US$48.5 million, accounting for 50% of its total projects in the first quarter.
This year the city expects to attract US$8.4 billion in FDI, up over four folds than last year’s figures, and disburse US$1.43 billion of that value, up 33.14% on year.
From now to 2015, the city will put into operation seven new industrial parks namely Dong Nam, Phuoc Hiep, Bau Dung, Vinh Loc III, Le Minh Xuan II and III, Xuan Thoi Thuong and Phu Huu.
Currently, 15 industrial parks and export processing zones in Ho Chi Minh City are operational. (Investment)
Vietnamese
