HCM City Jan-Aug Pledged FDI Jumps 66.45% to $1.3B
Ho Chi Minh City, Vietnam’s southern economic hub, licensed 233 foreign direct investment (FDI) projects totaling $1.3 billion in the first eight months of this year, jumping 66.45% from a year earlier.
In August, the southern metropolis licensed 33 projects capitalized at $230 million, the Dau tu newspaper reported Friday.
Property has taken the lead among sectors with $811 million during the period, accounting for 60.8% of the city’s total pledged capital.
Among those, a $100-million trade center project invested by CZ Slovakia Vietnam and the 21st Century International Development Company’s $80-million resettlement area in district 2 are among biggest.
South Korea has become the biggest investors in Ho Chi Minh City with $373 million, making up 27.96% of the city’s total pledged capital between January and August.
In 2010, HCM City expects to attract $8.4 billion in FDI, up four folds against 2009 figure, and disburse $1.43 billion of that value, up 33.14% on year.
From now to 2015, HCM City, which now has 15 operational industrial parks and export processing zones, will put into operations seven new industrial parks, including Dong Nam, Phuoc Hiep and Bau Dung. (Investment)
Vietnamese
