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Economy

Foreign investment to HCMC in five months drops 16.5%

Khanh Minh Tuesday | 06/01/2021 10:48

Workers are seen while working at Sankyo plant in Ho Chi Minh City. Photo: Tuoi Tre / Thuan Thang

Ho Chi Minh City, Vietnam's largest city, reported $1.34 billion foreign investment inflow in the first 5 months of 2021, down 16.5% from a year ago, according to the municipal Statistics Office.

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

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