Business

FDI flow into HCM City surges 50 percent in first nine months

Foreign direct investment (FDI) in Ho Chi Minh City rose sharply in the last nine months, with 5.47 billion USD poured into the southern economic hub over the period, up 50 percent year on year.
FDI flow into HCM City surges 50 percent in first nine months ảnh 1The Viet-Pan Techno Park, invested by Japan, in Nha Be district of HCM City (Photo: VNA)

Hanoi (VNA) – Foreign directinvestment (FDI) in Ho Chi Minh City rose sharply in the last nine months, with5.47 billion USD poured into the southern economic hub over the period, up 50percent year on year.

The property sector received 20.2 percent ofthe FDI capital.

The FDI flow mostly came from the Republic ofKorea (28.1 percent), Singapore (25.7 percent), Norway (11 percent) and Japan(10 percent), according to the municipal People’s Committee.

Between January and September, new andadditional domestic capital registered in HCM City hit nearly 673.49 trillionVND (28.66 billion USD), up 11.2 percent from a year earlier. The figureincluded more than 372.43 trillion VND (15.85 billion USD) in 30,600 newbusinesses and 301 trillion VND (12.8 billion USD) added to existing firms.

Real estate attracted the most capital in theperiod, with 40.7 percent

Regarding the continuous increase of capitalpoured into the property market, insiders predicted the sector will witness aneven stronger capital influx in the remaining months of 2018.-VNA
VNA
#foreign direct investment#FDI in Ho Chi Minh City#FDI flow into HCM City#new and additional domestic capital in HCM City#property market in HCM City#updated Vietnam news#Vietnamplus#Vietnam News Agency
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