A McDonald's outlet in HCM City. (Photo: Minh Tuan/BizLIVE)
Foreign investors won approval to put an additional $647.3 million in Ho Chi Minh City
in the year to May 15, representing a decrease of 38.6% from the same period of 2015, according to the city’s statistics office.
Fresh foreign direct investment (FDI
) approvals reached $481.2 million in the period while capital increases totaled $166.1 million.
Real estate industry became the most appealing industry to foreign investors in May, attracting $236 million in fresh FDI. Commercial and manufacture followed with $116.7 million and $62 million, respectively.
Cayman Islands was the largest investor in the five-month period, pouring $230.5 million into the city.
Meanwhile, FDI in Vietnam jumped a whopping 136.4% in the period to $10.16 billion, according to the General Statistics Office.