Ho Chi Minh City attracts over 3.1 billion USD in FDI

Thien Thanh Sanitaryware joint company



Ho Chi Minh City attracts over 3.1 billion USD in FDI

Ho Chi Minh City, the largest southern economic hub, has attracted 3.15 billion USD in foreign direct investment (FDI) in the first 11 months of this year, the Dau Tu (Investment) newspaper said, quoting a report from the city’s People’s Committee.

The figure represented an increase of 95.3 percent compared with the same period last year.

The city licensed 370 new FDI projects with a total investment capital of 2.78 billion USD in the period, down 10.2 percent in terms of projects but up 194.6 percent in capital year on year.

Samsung group’s Samsung CE Complex project alone has an investment capital of 1.4 billion USD, accounting for 50.4 percent of the total newly-registered capital.

Meanwhile, an additional 365 million USD was poured into 123 existing projects, dropping 45.4 percent on a yearly basis.

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