HCM City: New foreign investment tops 3.5 billion USD
Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
Workers produce mechanical components at a factory of the Misumi Vietnam Company in the Linh Trung Export Processing Zone of Thu Duc city, HCM City. (Photo: VNA)
Hanoi (VNA) – Ho ChiMinh City licensed 807 foreign invested projects worth 3.54 billion USD in thefirst 11 months of this year, up 3.3% in value from a year earlier, accordingto the General Statistics Office.
That added up to 11,219 valid foreigninvested projects with registered capital totalling 55.75 billion USD atpresent in the southern economic hub, which is taking the lead nationwide interms of the project number.
So far this year, HCMCity has also seen 164 existing projects add 1.5 billion USD to their capital, up 39.2%year on year. They included 18 supplemented with 915 million USD inthe processing and manufacturing industry, accounting for 58.8% of the totaladditional capital; and 21 with 278 million USD in theinformation and communications sector, accounting for 17.9%.
Singaporeis currently the biggest foreign investor in HCM City with 148 projects worth159.1 million USD, making 33.3% of the newly registered capital. It is followedby Japan with 82 projects worth 80.1 million USD (16.8%) and the Republic ofKorea with 112 projects worth 54.9 million USD (11.5%)./.
The Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) has set a target to increase the average investment per hectare of industrial land to 15 million USD by 2025 from the current 6.32 million USD.
Hanoi attracted 1.28 billion USD in foreign direct investment (FDI) in the first 10 months of this year, a rise of 27% year on year, reported the city Department of Planning and Investment.
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Workers produce mechanical components at a factory of the Misumi Vietnam Company in the Linh Trung Export Processing Zone of Thu Duc city, HCM City. (Photo: VNA) 
