HCMC attracts over US$1 billion in industrial investments

HCMC – HCMC, the southern metropolis of Vietnam, has drawn in more than US$1 billion in industrial investments, doubling its initial target, according to the city’s industrial and export processing zone management board. This includes 16 new projects with registered capital of US$63 million and 32 projects with capital adjustments totaling nearly US$158 million. On the domestic front, investments soared to VND18.5 trillion (US$788.5 million), up by a sharp 123.7% compared to the same period last year. Among these domestic investments, 44 new projects registered around VND16.7 trillion (US$710.73 million) in capital, up by a staggering 150% year-on-year. Meanwhile, 26 out of 44 domestic projects received a capital injection of over VND16.45 trillion (about US$700 million), representing 99% of the new domestic investments.