HCM City's FDI attraction marks record
04-OCT-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 4
Oct 4, 2008 - 7:00:00 AM
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During the first nine months of the year, HCM City attracted over US$8 billion of foreign direct investment (FDI) including both new registered capital worth US$7.83 billion of 405 projects and additional capital of 110 existing projects mainly in fields of real estate, information technology, finance and industry, marking a six-fold increase against last year and the highest level so far, according to the HCM City Statistic Bureau.
Notably, the biggest project worth US$3.5 billion is to build Berjaya International University of Malaysian investor, followed by the US$1.2 billion project to build the Thu Thiem software park area, a finance central project in HCM City's Dist 10 capitalised at US$930 million, the Vietnam-Japan Human Resource Development Co's project valued at over US$610 million to develop software and property business and another worth US$400 million to build high-tech health area.
To date, HCM City has had 3,045 existing FDI projects with the total investment capital of over US$25.3 billion, a year-on-year rise of over US$9.5 billion.
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