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HCM city lures over 7 bil USD in FDI in 2018

by VTV404 January 2019 Last updated at 09:10 AM

VTV.vn - HCM City attracted 7.07 billion USD in foreign direct investment (FDI) in 2018, a rise of 7 percent year-on-year according to the HCM City People's Committee.

Trade and promotional activities have been organized since the beginning of the year and have attracted more investments and improved the country's investment and business climate. The total registered and additional capital reached over 995 trillion VND, up 7.2 percent against the same period last year.

The city has also granted investment licenses to 950 FDI projects with a value of 800 million USD, a 12.4% increase in new projects which is equal to 34 percent of investment capital against the same period last year. In 2019, the city hopes to implement solutions to improve the quality of growth and the country's economic competitive edge.

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