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.

According to the Ho Chi Minh Citymunicipal Department of Statistics, with 72 new projects worth 121.5 million USD, accounting for 60.8% of the total capital of the new projects, 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.

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

As many as 836 foreign investors poured more than 540 million USD into capital contribution and share purchase deals in the first five months, up 9% compared to the same period last year.

In the January-May period, the southern economic hub saw 374 new projects with a combined capital of nearly 200 million USD./.

VNA