HCM City attracts 1.6 billion USD in FDI in first five months
Ho Chi Minh City attracted a combined 1.6 billion USD in foreign direct investment (FDI) in the first five months of 2020, or 57.67 percent compared to the same period last year.
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| A corner of Ho Chi Minh City (Photo: VNA) |
The information was revealed during a conference on the city’s socio-economic development held on June 4.
Of the 47 countries and territories investing in the southern hub, Japan was the top with 44 projects worth 80.5 million USD, holding a lion’s share of 32.4 percent in terms of additional capital.
Singapore came second with a total of 50.8 million USD in registered capital, followed by Hong Kong (China) and the Republic of Korea.
The city posted a budget collection of nearly 139.40 trillion VND (6 billion USD) during Jan-May, hitting 34.35 percent of the year’s estimates and 84 percent of the same period last year.