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Singapore biggest foreign investor in HCM City

Singapore was the biggest foreign investor in Ho Chi Minh City in terms of newly-registered projects and capital contribution for share purchases in the last five months, with 72 new projects worth 121.5 million USD, accounting for 60.8% of the total capital of the new projects.
Singapore biggest foreign investor in HCM City ảnh 1A view of HCM City (Photo: VNA)
HCM City (VNA)- Singapore was the biggest foreign investor in Ho Chi Minh City in terms ofnewly-registered projects and capital contribution forshare purchases in the last five months, with 72 new projectsworth 121.5 million USD, accounting for 60.8% of the total capital of the newprojects.

According to themunicipal Department of Statistics, Japan came second with  32 new projects totaling 16.5 million USD,making up 8.3% of the total.

In the January-May period, the southern economic hub saw 374 newprojects with a combined capital of 199.8 million USD. Meanwhile, 403.3 million USD were added to 121 existing ones.

Singapore biggest foreign investor in HCM City ảnh 2Illustrative image (Photo: VNA)
As many as 836 foreigninvestors poured 541.1 million USD into capital contribution and share purchase deals in the first fivemonths, up 9.3% compared to the same period last year. Singapore and Cayman Islands had the highestproportion of capital contribution in the reviewed period, accounting for 53.6%and 11.5%, respectively.

In the first five months, HCM City saw 18,630 newly-established enterprises, up 7.8 year onyear, with a total registered capital of 178.78 trillion VND (over 7.6 billion USD), down 21.2%.

From January 1, 1988,to May 20, 2023, HCM City recorded 11,734 valid foreign-invested projects with atotal value of over 56.71 billion USD.

At the same time, 81.04 billion USD was added to operatingones and invested in capital contribution and share purchase deals./.
VNA
#foreign investor#HCM City#investment#Singapore#capital contribution#Vietnamplus#Vietnam news#Vietnam News Agency
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