FDI in Ho Chi Minh City down 13.5% in five months
The total inflows of foreign direct investment into Ho Chi Minh City from early this year to May 20 reached over US$1.14 billion, down 13.5% annually, reported the municipal Department of Planning and Investment.
Of them, US$199.8 million was poured into 374 new projects, down 2.5% year-on-year.
Singapore took the lead in the number of new projects, with 72 ones valued at US$121.5 million, accounting for 60.8% of the total newly-registered capital. Japan came next with 32 projects worth US$16.5 million, or 8.3%, and Hong Kong (China) was third with 25 projects worth US$11.1 million, equivalent to 5.6%.
Up to 121 projects received additional capital of US$403.3 million, marking an annual decrease of 35.3%.
US projects recorded the most adjusted capital with US$215.1 million, or 53.3% of the total.
Foreign investors spent US$541.1 million on capital contribution and share purchase in the period, up 9.3% annually. Singapore and Cayman Islands posted the highest capital contribution, with 53.6% and 11/5% of the total, respectively.