FDI in Vietnam Metropolis Plunges 55% in Jan-Feb

Tuan Minh

10:39 26/02/2016

BizLIVE - Foreign investments in Ho Chi Minh City dropped 55.5% year-on-year to $225.4 million in the year to February 15.

FDI in Vietnam Metropolis Plunges 55% in Jan-Feb

A view of landmark buildings in downtown HCM City. (Photo: bdg-vietnam.com)

Ho Chi Minh City attracted a combined $225.4 million in foreign direct investment (FDI) in the first one month and a half this year, falling 55.5% from the same period of 2015, the city’s statistics office said.
Of the amount, overseas players registered to pour $151.6 million into 83 newly-licensed projects and an additional $73.8 million into 22 operational projects.
The absence of licensed sizable investments in the city was the cause to the drop in FDI, according to the Department of Planning and Investment and the Ho Chi Minh City Export Processing and Industrial Zone Authority (Hepza).
In terms of fresh capital, Japan topped new foreign investors in the period with $50.6 million, followed by Singapore with $39.5 million and Malaysia with $22.6 million.