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HCM City’s FDI inflow down

09-May-2012 Intellasia | TBKTSG | 1:36 PM

Although the volume of foreign direct investment (FDI) projects in HCM City in the first four months of this year increased against the same period last year, the pledged capital of these projects was small, leading to strong decline in FDI capital in HCM City, according to the report of HCM City Department of Planning and Investment.

Particular, in Jan-Apr, the city granted investment license for 113 FDI projects (up six projects over the same period last year), but the registered capital reached only over $77.7 million, down nearly 94 percent from the same period last year.

If including 28 ongoing FDI projects and projects registered to increase investment capital, the total pledged FDI capital in HCM City in Jan-April reached over $535 million, down 62 percent on year.

However, according to the statistics of Overseas Investment Department under the Ministry of Planning and Investment, in the first four months of this year, HCM City still ranked at the third place in FDI attraction after Binh Duong ($1.58 billion) and Hai Phong ($664.3 million).

 


Category: Economy

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