HCM City lures over 3 billion USD in FDI in 11 months

Ho Chi Minh City attracted more than 3 billion USD in foreign direct investment (FDI) in the first 11 months of 2023, down 12.9% year-on-year, the city’s Statistics Office has announced.

HCM City lures over 3 billion USD in FDI in 11 months hinh anh 1

Japanese enterprises invest in production at Tan Thuan Export Processing Zone, Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City attracted more than 3 billion USD in foreign direct investment (FDI) in the first 11 months of 2023, down 12.9% year-on-year, the city’s Statistics Office has announced.

In the reviewed period, the country's economic locomotive granted investment certificates for 1,090 new projects with a combined registered capital of 573.5 million USD, marking increases of 35.1% in the number of projects and 20.1% in capital over the same period last year.

Of the projects, 462 were in wholesale, retail, and repair of automobiles and motorbikes with registered capital totaling 218.9 million USD, accounting for 38.2% of the newly registered capital.

Among the nations and territories pouring capital into the city, Singapore ranked first with 184 projects and a total registered capital of 170.1 million USD, accounting for 29.7% of the newly registered capital.

It was followed by Japan with 95 projects and 81.2 million USD, accounting for 14.2%, and India with 40 projects and 62.2 million USD or 10.8%.

Regarding the adjustment of registered capital, 281 projects received a total additional 601.7 million USD.

Meanwhile, foreign investors conducted 2,099 transactions of capital contributions to or purchases of shares at domestic companies in the period, with a total value of 1.9 billion USD, up 26.7% year on year.

As of November 20, the city had 12,300 valid FDI projects with aggregate investment capital of 82.95 billion USD./.

Source: VNA
en.vietnamplus.vn

Related News

Latest News

Can Vietnam

Can Vietnam's Fisheries Pass the IUU Inspection in April 2024?

VCN - The upcoming fifth inspection by the European Commission (EC) on Illegal, Unreported, and Unregulated (IUU) fishing in Vietnam, set for April 2024, has prompted local authorities to intensify efforts to address existing challenges and limitations. They are prioritizing the execution of critical tasks and solutions from now until April 30, 2024, to meet the stringent requirements.
Vietnam"s aquatic product exports expected to recover in 2024

Vietnam"s aquatic product exports expected to recover in 2024

Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam

Vietnam's 2 hundred billion dollar trading partners

VCN - China and the United States are our country's two largest trading partners and together have a turnover of over 100 billion USD.
Optimistic signs seen in exports of garment-textile sector

Optimistic signs seen in exports of garment-textile sector

Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning 44 billion USD in export revenue set for this year.

More News

OCOP products bring about dual benefits

OCOP products bring about dual benefits

The One Commune One Product (OCOP) Programme has no longer been a pure poverty reduction measure for rural areas, but an important boost for Vietnamese agricultural products, connecting other industries for mutual development, thus bringing dual benefits for rural areas, according to experts.
Farm exports expect breakthrough

Farm exports expect breakthrough

Vietnam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.
First container of Ha Giang pickled daikon in 2024 exported to Japan

First container of Ha Giang pickled daikon in 2024 exported to Japan

The first container of pickled daikon in 2024 from the northern province of Ha Giang was exported to Japan on February 19 within the cooperation in the value chain linkage between Ha Giang and the Vietnam Misaki Co., Ltd.
Rice sector works on 5 billion USD export target

Rice sector works on 5 billion USD export target

Vietnam's rice exports are expected to continue their upward trajectory this year, toward a milestone of 5 billion USD in turnover.
Semiconductor industry hoped to attract half of FDI investors in Da Nang

Semiconductor industry hoped to attract half of FDI investors in Da Nang

Some potential investors are exploring investment chances in central Da Nang city, and its Hi-Tech Park and Industrial Zones Authority (DHPIZA) hopes that 50% of those FDI businesses will invest in the local semiconductor industry this year.
Vietnam’s automobile market stands 5th in Southeast Asia

Vietnam’s automobile market stands 5th in Southeast Asia

The decline in domestic automobile consumption and its drop to 5th place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.
Ninh Thuan takes grape production to next level

Ninh Thuan takes grape production to next level

Positioned as the proud owner of Vietnam's largest grape farming area spanning over 1,000ha, the southern central province of Ninh Thuan is proactively embracing modern technology across various stages of grape production and processing.
Shrimp exports to the US face new difficulties

Shrimp exports to the US face new difficulties

VCN – Although shrimp exports see prosperity in the first month of 2024, shrimp exporters face new difficulties and need to be flexible and proactive in responding to the situation.
Mekong Delta localities promote collective trademarks

Mekong Delta localities promote collective trademarks

Many cities and provinces in the Mekong Delta region have rolled out a host of solutions to support intellectual property and develop collective trademarks to raise economic value for agricultural products and specialties.
Read More

Your care

Latest Most read
Can Vietnam

Can Vietnam's Fisheries Pass the IUU Inspection in April 2024?

VCN - The fifth inspection in April 2024 represents a pivotal opportunity for Vietnam to address the EC's "yellow card" warning.
Vietnam"s aquatic product exports expected to recover in 2024

Vietnam"s aquatic product exports expected to recover in 2024

Vietnam’s aquatic product exports in January surged 60.8% year-on-year to 730 million USD, making a positive signal for the year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam

Vietnam's 2 hundred billion dollar trading partners

China and the United States are our country's two largest trading partners and together have a turnover of over 100 billion USD.
Optimistic signs seen in exports of garment-textile sector

Optimistic signs seen in exports of garment-textile sector

Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning 44 billion USD in export revenue set for this year.
OCOP products bring about dual benefits

OCOP products bring about dual benefits

The One Commune One Product (OCOP) Programme has no longer been a pure poverty reduction measure for rural areas, but an important boost for Vietnamese agricultural products, connecting other industries for mutual development, thus bringing dual benefits for rural areas, according to experts.
Mobile Version