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Foreign investment to HCM City reaches nearly $3 billion in 9 months

Xuan Thinh Wednesday | 10/05/2022 15:46

Photo: internet

Ho Chi Minh City has attracted $2.97 billion in foreign direct investment this year to September 20, a year-on-year increase of over 26%, according to the municipal Department of Planning and Investment.

Of the amount, about $350 million was poured into over 560 new projects, down 7.6 percent in value compared to the same period last year.

Singapore was the biggest investor in the southern hub. It was followed by Japan and the Republic of Korea.

Meanwhile,  nearly $1.49 billion was added to over 110 existing projects, 2.5 times higher than the same period last year.

Besides, there were nearly 1,800 approved transactions of capital contribution and share purchases by foreign investors with a total value topping $1.1 billion.

The number of valid FDI projects in the city at present is over 11,000 with total registered capital of more than $55 billion.

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