FDI in Ho Chi Minh City down 13.5 per cent in five months
The total inflows of foreign direct investment into Ho Chi Minh City from early this year to May 20 reached over 1.14 billion USD, down 13.5 per cent annually, reported the municipal Department of Planning and Investment.
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| FDI in Ho Chi Minh City down 13.5% in five months. |
Of them, 199.8 million USD were poured into 374 new projects, down 2.5 per cent year-on-year.
Singapore took the lead in the number of new projects, with 72 ones valued at 121.5 million USD, accounting for 60.8 per cent of the total newly-registered capital. Japan came next with 32 projects worth 16.5 million USD, or 8.3 per cent, and Hong Kong (China) was third with 25 projects worth 11.1 million USD, equivalent to 5.6 per cent.
Up to 121 projects received additional capital of 403.3 million USD, marking an annual decrease of 35.3 per cent.
US projects recorded the most adjusted capital with 215.1 million USD or 53.3 per cent of the total.
Foreign investors spent 541.1 million USD on capital contribution and share purchases in the period, up 9.3 per cent annually. Singapore and Cayman Islands posted the highest capital contribution, with 53.6 per cent and 11.5 per cent of the total, respectively.
(Source: VNA)
