A nocturnal view of HCM City. (Photo: Siemens)
Vietnam’s southern metropolis of Ho Chi Minh City
attracted $387.1 million in foreign direct investment (FDI
) in the year to April 15, representing a 52.4% year-on-year decline, data of the municipal statistics department showed.
During the period, foreign developers won approvals for 225 fresh projects with a combined capital of $222.5 million and to hike capital by $164 million in 42 operational projects.
Japan led the nations and territories investing in the city in the period, followed by Singapore and Malaysia.