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FDI in HCM city surges to 64 percent

by VTV427 September 2017 Last updated at 05:00 AM

VTV.vn - Ho Chi Minh City drew 3.71 billion USD in foreign direct investment (FDI) over the past nine months, up 64.3 percent year on year, according to the municipal People's Committee.

Of that amount, 925 million USD came from newly-registered projects while 690 million USD was added to existing projects. The city also approved over 1,600 investors to contribute capital and buy stakes with total capital of around 2.09 billion USD.

The manufacturing and processing sector continued to take the lead, followed by wholesale and retail, automobile and motor repair and the real estate sector. The US is Vietnam's largest source of FDI, accounting for 27 percent. Singapore is second followed by the Republic of Korea and Japan.

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