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Saturday, January 28 2023
Tiếng Việt
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Date 31/08/2022-15:55:00 PM
HCM City tops nation in FDI attraction in first eight months
Ho Chi Minh City topped the country in foreign direct investment (FDI) attraction in the first eight months of 2022, accounting for 16.1% of the national figure, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Illustrative image (Photo: VNA)

It lured some 2.71 billion USD worth of FDI in January-August, an increase of 24.4% against the same period last year.

About 309.4 million USD were channeled into 479 newly-registered FDI projects, up 17.6% and 24.1% year-on-year, respectively, during the period. Ninety-six existing projects received extra investment worth 1.47 billion USD, up 127.3% year-on-year.

Meanwhile, capital contributions and share purchases were down 19.7% to 925.68 million USD.

A corner of Ho Chi Minh City (Photo: VNA)

The largest sum of FDI, or 39.91% of the total, was poured into information and communications. It was followed by wholesale-retail, auto and motor maintenance and repair (30.59%), science and technology (9.85%), and finance, banking and insurance (7.14%).

Singapore remained HCM City’s biggest investor, making up 37.68% of the total capital, followed by Japan (17.19%) and the Republic of Korea (13.45%).

According to the municipal People’s Committee, RoK-based Lotte Properties HCMC will begin construction of Thu Thiem Eco Smart City in Thu Thiem New Urban Area. The 5.5-ha project has a total investment of 12 trillion VND (512.38 million USD)./.


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