HCMC leads in FDI attraction

HCMC – HCMC was the frontrunner among all Vietnamese localities in foreign direct investment (FDI) attraction last year, with US$5.85 billion registered in the city. The city’s FDI thus accounted for nearly 16% of the country’s FDI attraction of US$36.6 billion last year. Other localities that followed HCMC in FDI attraction included Haiphong, Quang Ninh, Bac Giang, Thai Binh, Hanoi, Binh Duong and Dong Nai. HCMC has so far attracted over 12,000 projects with total investment capital of more than US$57 billion, also taking the lead in FDI attraction. The city’s project count comprises nearly 32% of the nation’s total FDI projects and contributes around 13% of the overall registered capital.