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FDI continues increase in HCMC industrial zones

Foreign Direct Investment totaled US$246.67 million in the first half this year, up 80.69 percent over the same period last year, said the Ho Chi Minh City Industrial and Export Processing Zones Authority on July 15.
 
Foreign companies have invested in large projects in the high-grade segment of the textile and garment field.
 
Such projects account for 70.62 percent of newly registered capital of domestic and foreign investors. They include a US$140 million project of Wordon Vietnam Company and a US$50 million of Sheico Vietnam Company.
 
Besides, Arirang Vienam and Merrimack River announced hi-tech projects to produce electronic components.
 
Domestic investment capital hit VND1,447 billion (US$68.80 million), up 1.2 percent year on year.
 
Nine out of 37 newly licensed projects have been functioned. The remaining 28 are going to get construction licenses.
 
Total investment capital in the city in the first half thus reached US$333.47 million, accounting for 60.63 percent of plan and up 55.49 percent over the same period last year.
 
In order to speed FDI in the rest months this year, HEPZA said that it would establish industrial zones specialized in support industry and concentrate on attracting Japanese small and medium companies.

By Dinh Ly – Translated by Hai Mien

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