HCM City records $480m of FDI in first two months

March 09, 2020 - 14:42

More than US$480 million worth of foreign direct investment (FDI) was poured into HCM City during the first two months of the year, which was equal to 47 per cent of FDI in the same period last year.

The city saw more than $480 million of FDI in the first two months of 2020. — VNA/VNS Photo Danh Lam

HCM CITY — More than US$480 million worth of foreign direct investment (FDI) was poured into HCM City during the first two months of the year, which was equal to 47 per cent of FDI in the same period last year.

Of the figure, $83.3 million was in new projects and $60.7 million in existing projects, while $336.5 million was used to buy shares and contribute capital.

Around two-thirds of the capital invested in new projects during this time period were in commerce projects. The rest were in fields such as technology and science; construction; information and media; and health.

Thirty-two countries and territories, including Singapore, Japan, Korea and China, invested in the city during the period. — VNS

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