Foreign investment to HCMC in five months drops 16.5%

Of the total, $378.8 million went to 187 new projects, primarily in the field of commerce, $236.3 million and real estate, $125.8 million.

Meanwhile, $416 million was added to 42 existing projects.

Foreign investors channeled $267.4 million of capital into seven processing and manufacturing projects, $85.5 million into 11 science and technology projects, and $32.9 million into 15 commercial projects.

Countries posting high additional investment included Japan, $270 million, Singapore, $72.4 million, and the UK, $27 million.

Capital contributions and share purchases in 726 transactions accounted for $542.7 million.

In terms of domestic capital attraction, the city licensed the establishment of 14,543 companies with registered capital of VND245.6 trillion, $10.66 billion, up 5.8 percent and 36.6 percent year-on-year.

Source: Vietnam News Agency