FDI slightly increases in seven months

Illustration photo

The total newly-registered and additional FDI in July reached US$3.3 billion, bringing the total figure in seven months to US$8.8 billion, equal to 92.4%. Of the figure, the processing and manufacturing sector, real estate and retail sales contributed US$1.95 billion, US$1.23 billion and US$18 million, respectively.

Ho Chi Minh City attracted US$2.5 billion in Foreign Direct Investment over the past seven months of 2015, twice as much as the same period last year, according to the municipal People’s Committee.

Up to 284 projects, worth US$2.02 billion, were licensed, 2.1 times higher than the same period last year in terms of capital.

Meanwhile, 89 projects were added with investment capital of US$456.5 million.

The real estate sector topped in attracting FDI with US$1.31 million, accounting for 65%, followed by industry with US$491.9 million in 34 projects, accounting for 24.2%, commerce with US$112.5 million in 82 projects, making up 5.5%, science and technology with US$45.8 million and telecommunications with US$19.8 million.

Among 34 nations and territories investing in the city, the UK was the largest investor with US$1.2 billion, making up 59.2%.  

British Virgin Island and the Republic of Korea took the second and third positions with US$306.5 million and US$210.5 million, accounting for 15.1% and 10.4%, respectively.