FDI Jumps 80 Pct in HCM City

Ho Chi Minh City’s economy saw stable growth and robust development in the first eight months of 2015. The index of industrial production rose 6.5 per cent year on year, securing the month-on-month growth streak since the start of the year. Four key industries (manufacturing, electronics, chemical, and rubber and plastics) climbed 7.5 per cent. The city attracted US$1.2 billion of foreign direct investment (FDI) in the reviewed period, up over 80 per cent year on year.

 

The city’s consumer price index (PCI) was kept under control, lower than the national average of 0.17 per cent. The largest economic hub of the nation generated over 191,000 jobs, an increase of 1,900 jobs from a year earlier.