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Friday, June 14, 2024

FDI in HCMC soars in H1

The Saigon Times

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HCMC – The authorities in HCMC have approved around US$2.9 billion in new foreign direct investment (FDI) in the first half of the year, a 30.7% increase compared to the same period in 2022, reported the city’s Statistics Office.

From January to June, HCMC have issued investment certificates for 514 projects worth a total of US$231 million, a year-on-year rise of 70%.

The number of projects requesting capital revision has soared a staggering 139.7% compared to the previous year at 163, with an additional amount of US$458 million.

The finance, banking, and insurance sectors have attracted the highest foreign investment capital in H1, amounting to US$1.5 billion, or 68.3% of the total.

The real estate market, which has been a key investment sector in HCMC for many years, accounts for a mere 4.5% of the total, with a total investment of US$99.6 million in the six-month period.

Singapore is the top investor among countries and territories having investment projects in HCMC, with 89 projects capitalized at a total of US$126 million. It is followed by Japan and Hong Kong. These three markets account for some 70% of all foreign capital inflows in HCMC in January-June.

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