Foreign investment in HCM City increases sharply

The foreign direct investment (FDI) in HCM City increased sharply in 2008, with more than 680 newly-licensed and increased capital projects worth nearly US$8.7 billion, up over 3.3 times compared to 2007.

According to the Ho Chi Minh City Committee for Overseas Vietnamese Affairs, 480 enterprises owned by overseas Vietnamese were established in 2008 with a combined investment capital of around VND2,000 billion.

Currently, the total number of valid FDI projects in HCM City is more than 3,140 with a total registered capital of US$25.68 billion.

Source: vnbusinessnews