Japan forecast as top investor in HCM City

Deputy director of Department of Planning and Investment Luong Van Ly said that Japan is viewed as top investor in HCM City in the year with many major projects ranging from US$300 million to US$600.
According to Luong Van Ly, a number of major infrastructure projects are under negotiation such as metro construction project of Germany investor with an investment of US$900 million, railway project of Japan with an investment of some US$300 million–US$400 million and some other infrastructure projects of South Korea. In addition, some other railway projects will be ratified in 2005 with investment capital of some US$500 million–US$600 million.
In the first two-months, HCM City licensed 36 foreign invested projects with total approved capital of over US$67.8 million, doubling compared to that of the same period last year.

 

Category: Economy