FDI Flows into HCM City Dwindle 65% y/y to $863 Million in Jan-July

Tuan Minh

16:45 26/07/2016

BizLIVE - Foreign investment in Ho Chi Minh City dropped 65.2% year-on-year to $863.6 million in the first seven months of this year.

FDI Flows into HCM City Dwindle 65% y/y to $863 Million in Jan-July

A McDonald's outlet in downtown HCM City. (Photo: Minh Tuan/BizLIVE)

Foreign businesses registered to invest a total of $863.6 million in the year to July 15, decreasing 65.2% from the corresponding period of 2015, due to a lack of sizable projects, data of the municipal statistics office showed.
Of the amount, the city granted an investment license to 448 projects worth $638.1 million and 78 operational projects were allowed to add capital by $225.5 million.
The ranking of investors in the city remained little changed from a month earlier, with Cayman Islands staying at the top, followed by Japan and Singapore.
Real estate continued to be the most appealing sector to foreign players when attracting $278.8 million. The runners-up were commerce, manufacture and information and telecommunications.
The city’s authorities last month said they would address business competitiveness and productivity at meetings with investors to respond to the sharp drop in FDI flows.


Từ khóa: HCM City, FDI