City sees drastic drop in FDI

According to the Ho Chi Minh City Statistics Department, there were 130 foreign direct investment projects licensed until May 15 in the City with a total registered capital of US$158 million, of which chartered capital was at $105.1 million.

The figures also showed that 40 projects increased an additional investment of $204.1 million. Thus, the total newly registered and additional investment capital touched $362.1 million, much lower than that of $698.2 million in the same period last year.

Singapore remained the biggest investor with 20 projects at a total investment capital of $64.9 million. Japan followed with 42 projects at an investment of $16.3 million; South Korea with 17 projects at $10.4 million; Holland with 3 projects at $20.3 million; Germany with 3 projects at $21.1 million; and Australia with 5 projects at $10.2 million.

By T.Mai – Translated by Thuy Doan

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