HCM City FDI Attraction Leads Nation

摘要

According to the Foreign Investment Department, Vietnam attracted US$15.03 billion in foreign direct investment (FDI) in the first 11 months this year, exceeding the year's set target of US$13 billion. Ho Chi Minh City now tops the country in attracting FDI, with US$1,984 billion, which is attributed to the city's efforts in implementing administrative reform and also thanks to the country's WTO entry. Between January and November this year, Ho Chi Minh City licensed 401 new FDI projects valued at US$1,698 billion and allowed 125 existing projects to raise their capital by US$286 million. The city is now home to 2.410 valid FDI projects worth a total investment capital of US$13.96 billion. Of the sum, the industrial sector accounts for 120 projects capitalized at US$263.8 million, or 32.7 per cent of the city's project number and 19 per cent of capital value. According to the municipal Planning and Investment Department, many projects are waiting for approval from city authorities. The city's FDI this year is expected to be higher than in 2006.