Foreign direct investment pledged for Ho Chi Minh City in t he first
quarter of the year surged by 109 percent year on year, according to the
city’s Department of Planning and Investment.
This shows
foreign investors have regained their confidence in the local economy,
which made positive result in stabilising the macroeconomic situation.
Regarding new investment, some 78 FDI projects with a total investment
of about 160 million USD were licensed during the first quarter.
Specifically, the municipal People’s Committee in late March gave the
green light to Sanofi Vietnam Co Ltd, a subsidiary of Sanofi Aventis
Group, to set up its third plant worth 75 million USD in the city’s
Hi-Tech Park in district 9.
In addition, 26 operational FDI
projects in the city were approved of adding 175.3 million USD more
capital for their expansion.
HCM City ’s EPZs and IZs in
the first quarter of 2013 lured a total 144.5 million USD worth of new
investment, up by 21.4 percent over the same period last year, according
to HCMC Export Processing Zone and Industrial Zone Authority (HEPZA).
The new investment included 122.65 million USD and 21.83 million USD
worth of FDI and local investment, a 57.35 percent year-on-year rise but
a 57.35 percent year-on-year drop, respectively.
The city’s
trade authorities, including the HCM City Trade and Investment
Promotion Center, the Department of Planning and Investment, and the IP
and EPZ Infrastructure Development Co, will jointly launch fresh
investment promotion campaigns in Japan, the Republic of Korea,
Singapore, Taiwan, the US and Canada this year to attract more FDI to
local IPs.-VNA