HCMC tops in attracting FDI

16:14 | 27/10/2014

VGP – Ho Chi Minh City reported 332 foreign-invested projects with a total registered and additional capital ofUS$2.9 billion over the past 10 months, up nearly 98% compared to the same period last year.

Illustration photo

The municipal People’s Committee on October 27 released the information at the meeting reviewing the city’s socio-economic performance in 10 months and launching crucial measures for the rest of the year.

Accordingly, the economy showed positive signs with industrial production expanding 6.8% and export value reaching US$28 billion, up nearly 10% in comparison with the same period last year.

The city collected more than VND213 trillion for the State budget, accounting for 94% of the year’s plan and witnessing a year-on-year increase of 13%.

Remarkably, the Samsung CE Complex (SECC) launched a US$1.4-billion electronic device manufacturing project in Saigon Hi-Tech Park (SHTP), the second largest in the park so far.

The city is taking lead in attracting Foreign Direct Investment (FDI) among cities and provinces nationwide, said Vice Chairman of the People’s Committee Le Hoang Quan.

By Thuy Dung