FDI flow slows down in southern hub

HCM City (VNA) - Ho Chi Minh City licensed 65 FDI projects worth totally 497 million USD in the first quarter this year, down sharply from 95 projects and 1.85 billion USD registered in the same period last year.

Of the newly licensed projects, four projects poured 35.5 million USD in industry
and nine others invested 4.3 million USD in construction.

The trade sector attracted 14 projects capitalised at 41.1 million USD while the
real estate business and consulting service sector saw 401.3 million USD pouring
in 32 projects, including one 294 million USD project in residential area
construction.

Investors from the Republic of Korea pumped a total of 100.8 million USD in
14 projects, while Singaporean businesses put 32.5 million USD in 13 projects. The
British Virgin Island invested in two projects capitalised at 301.6
million USD.

Nineteen FDI projects were allowed to add 18.6 million USD in capital in the first
quarter this year.

As a result, the city has 3,239 valid FDI projects with a total registered capital
of 26.38 billion USD.

Also so far this year, HCM City has granted operation licences to 4,304
non-State businesses with a total registered capital of over 15 trillion VND. They
include 284 private businesses, 557 joint stocks companies and more than 3,460
limited liability companies.

Comparing with the same period last year, the number of new enterprises surged by
54.4 percent but the total capital slid down by 45.6 percent.-Enditem