Ho Chi Minh City: FDI increases 16 percent
Ho Chi Minh City attracted nearly 2.6 billion USD of foreign direct investment (FDI) this year, a 16 percent increase over last year.
The city licensed 460 foreign investment projects with a total charter capital of 2.28 billion USD and permitted a total additional capital of 310. 9 million USD for 197 other projects
The real estate sector and consultancy service represented 53.3 per cent of the said investment capital; the industrial parks and processing zones, 6.5 percent; and high-tech parks, 6.2 percent.
HCM City now houses 2,610 operating projects totalling more than 16.55 billion USD, or 20.4 percent rise in the number of projects and 13.6 percent increase in capital compared to last year.
In 2007, FDI businesses make up 20.1 percent of the city’s GDP, 11 percent increase over last year. The sector obtained an industrial production value of 130,544 billion VND, a 19.3 per cent year-on-year increase. High growth was seen in the production of automobile (61.9 percent), building materials (23.4 percent), radio and TV sets (35.7 percent).
These businesses earned a total export turnover of almost 4.9 billion USD, up by 36.5 per cent over last year.
(CPV/VNA)
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