HCM CITY LURES 3.25 BILLION USD IN FDI IN NINE MONTHS

Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.

Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.
According to the department, 407.4 million USD was poured into 719 newly-licenced projects, while 283.8 million USD was added into 163 underway projects, and 2.56 billion USD was invested in 2,911 share trading deals.

Trade was the leading sector in FDI attraction with more than 751 million USD, accounting for more than 23 percent of the total. It was followed by property sector with 726.8 million USD, and science-technology with 685.5 million USD.

The department revealed that in the future, the city will prioritise three areas to call for investment: smart city, highly interactive and innovative urban area to the East HCM City, and regional and international financial centre construction.

Source: VIR

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