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US$1.14 billion poured into HCM City in four months

US$1.14 billion poured into HCM City in four months

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NDO – Ho Chi Minh City attracted US$1.14 billion worth of foreign direct investment (FDI) in the first four months of 2021, down 12.92% from the same period last year, according to the Ho Chi Minh City Statistics Office.

Of the total, US$360 million was poured into 100 newly licensed projects, run mainly by investors from Japan, the Netherlands, and Singapore.

In addition, 30 FDI projects registered to increase capital by US$403 million and the remaining investment capital of US$377.6 million was capital contribution and share purchases by foreign investors.

Manufacturing remained the most attractive sector which attracted US$322 million in FDI, accounting for 28.2% of total FDI capital. It was followed by trade, real estate, science and technology, and education and training.

As many as 55 countries and territories invested in the city, with Japan being the largest investor.

Ho Chi Minh City People’s Committee has planned to hold a meeting between the city leaders and foreign investors in 2021 under the theme “Building urban administration and improving investment environment” in a bid to support enterprises to overcome difficulties and promote their businesses while calling for investment into key projects.

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