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Ho Chi Minh City
Tuesday, June 25, 2024

HCMC leads in FDI attraction

By Nguyen Tan

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HCMC – HCMC was the frontrunner among all Vietnamese localities in foreign direct investment (FDI) attraction last year, with US$5.85 billion registered in the city.

The city’s FDI thus accounted for nearly 16% of the country’s FDI attraction of US$36.6 billion last year. Other localities that followed HCMC in FDI attraction included Haiphong, Quang Ninh, Bac Giang, Thai Binh, Hanoi, Binh Duong and Dong Nai.

HCMC has so far attracted over 12,000 projects with total investment capital of more than US$57 billion, also taking the lead in FDI attraction.

The city’s project count comprises nearly 32% of the nation’s total FDI projects and contributes around 13% of the overall registered capital.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam attracted a total of 39,140 FDI projects with pledged capital nearing US$469 billion by the end of last year.

The 10 localities securing the most significant FDI inflows were HCMC, Hanoi, Binh Duong, Dong Nai, Ba Ria-Vung Tau, Haiphong, Bac Ninh, Thanh Hoa, Long An, and Quang Ninh.

In contrast, the provinces with the lowest FDI levels by the end of last year were Lai Chau, Dien Bien, Ha Giang, Cao Bang, Bac Kan, Gia Lai, Son La, Ca Mau, Tuyen Quang, and Dong Thap. Among these, Lai Chau and Dien Bien each hosted only one FDI project, with respective pledged capital of US$1.5 million and US$3 million.

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