INTERNATIONAL INVESTMENT
AND PORTAL
Southern HCM City topped the country in foreign direct investment (FDI) in the first eight months of 2022, accounting for 16.1 per cent of the national figure, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
It lured some US$2.71 billion worth of FDI in January-August, an increase of 24.4 per cent against the same period last year.
About $309.4 million was channelled into 479 newly-registered FDI projects, up 17.6 per cent and 24.1 per cent year-on-year, respectively, during the period.
A corner of HCM City. The city lured some US$2.71 billion worth of FDI in January-August, an increase of 24.4 per cent against the same period last year.-VNA/VNS Photo
Ninety-six existing projects received an extra investment worth $1.47 billion, up 127.3 per cent year-on-year.
Meanwhile, capital contributions and share purchases were down 19.7 per cent to $925.68 million.
The largest sum of FDI, or 39.91 per cent of the total, was poured into information and communications. This was followed by wholesale-retail, auto and motor maintenance and repair (30.59 per cent), science and technology (9.85 per cent), and finance, banking and insurance (7.14 per cent).
Singapore remained HCM City’s biggest investor, making up 37.68 per cent of the total capital, followed by Japan (17.19 per cent) and the Republic of Korea (13.45 per cent).
According to the municipal People’s Committee, RoK-based Lotte Properties HCM City will begin construction of Thu Thiem Eco Smart City in Thu Thiem New Urban Area.
The 5.5-ha project has a total investment of VND12 trillion ($512.38 million).
HCM City calls for US investment to 10 major projects
Ho Chi Minh City has called on US enterprises to invest in 10 major projects of the city, especially those in infrastructure construction.
HCM City is most favoured destination for local travel: Survey
Domestic tourism continues to lead the way, with Ho Chi Minh City remaining the top destination for local travel in 2022, according to a study, ‘Summer Travel Trends’, released by online digital travel platform Agoda.
HCM City highlights local cultures to ignite urban tourism
Ho Chi Minh City’s tourism sector has actively brought its indigenous culture into urban tourism, considering this as one of the strategies to promote the strengths of the city’s destination network.
Investment opportunities in HCM City introduced to Singaporean firms
A programme to promote investment and trade connectivity between Vietnamese enterprises and Singaporean partners was held by the Investment & Trade Promotion Centre of Ho Chi Minh City ((ITPC), in the southern hub on August 23.
By VNS
