Foreign investment in Vietnam's HCM City doubles in 10 months

Source: Xinhua| 2017-10-30 19:52:38|Editor: liuxin
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HO CHI MINH CITY, Oct. 30 (Xinhua) -- Vietnam's Ho Chi Minh City attracted over 5 billion U.S. dollars worth of foreign investment in the first 10 months of this year, doubling the figure in the same period last year, the municipal Department of Planning and Investment said Monday.

Between January and October, the city approved 681 foreign-invested projects with total registered capital of nearly 1.9 billion U.S. dollars, and saw 184 operational foreign-invested projects increase their capital by a total of 703.4 million U.S. dollars.

Meanwhile, the city allowed 1,839 foreign investors to contribute capital or to buy stakes of domestic enterprises with a total amount of over 2.4 billion U.S. dollars.

In the 10-month period, 33,839 Vietnamese enterprises with total registered capital of 457,082 billion Vietnamese dong (20.2 billion U.S. dollars) were established in Ho Chi Minh City, posting respective year-on-year surges of 13.2 percent and 88.7 percent.

Vietnam attracted 28.2 billion U.S. dollars in foreign investment between January and October, gaining a year-on-year rise of 37.4 percent, said the Foreign Investment Agency.

Of the total, 16.3 billion U.S. dollars was channeled into 2,070 new projects, nearly 7.3 billion U.S. dollars into 1,001 operational ones, and nearly 4.7 billion U.S. dollars into buying shares of companies in Vietnam.