Ho Chi Minh City attracts 1.55 billion USD in FDI in Q1
(VOVWORLD) - Ho Chi Minh City attracted over 1.55 billion USD in foreign direct investment in the first quarter of this year, up 20.4%, according to the municipal People’s Committee.
 Phu My Hung urban area, District 7, Ho Chi Minh City (Photo: VNA) |
The real estate sector drew the most, 52.7%, followed by science and technology, motorized vehicles sales and repair, manufacturing and processing, and lodging and dining services.
The municipal authorities attributed the growth to active trade and investment promotion activities which helped firms expand their markets and profits from exports while inviting foreign and overseas Vietnamese investors to join in Ho Chi Minh City’s economic growth. The number of new firms and new FDI projects both increased.