HCM City absorbs 2.77 billion USD in FDI capital in five months
Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.
Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of 2019 (Photo: VNA)
HCM City (VNA) – Ho ChiMinh City attracted 2.77 billion USD in foreign investment in the first fivemonths of this year, with 46.7 percent of the capital poured into real estate.
The figure was reported byDirector of the city’s Department of Planning and Investment Le Thi Huynh Maiat a conference of the municipal People’s Committee on June 4 to reviewsocio-economic performance in the January-May period.
Mai also reported that 16,664domestic firms were licensed in the period with total registered capital ofover 265.6 trillion VND (11.33 billion USD), with 36.7 percent of the new firmsoperating in the real estate sector.
Total revenues from retails and servicesin the five-month period amounted to 463.5 trillion VND, up 12.3 percent yearon year.
Budget collection totaled 165.2trillion VND, accounting for 41.39 percent of estimates.
Chairman of the municipal People’sCommittee Nguyen Thanh Phong urged local officials to accelerate the processingof investment projects’ procedures for the projects to be deployed in schedule.
The conference discussed thepace of several major projects in the city, including the upgrade of Xuyen Tamcanal, the flood control project invested by Trung Nam group, and the selectionof investors for waste-to-energy project.-VNA
Ho Chi Minh City’s firms have invested over 30.11 trillion VND (1.29 billion USD) in production facilities, factories and farms in southern localities over the past seven years, the municipal People’s Committee has said.
Real estate was the most attractive sector for foreign direct investment (FDI) in Ho Chi Minh City in the first four months of the year with 164.58 million USD, or 46.8 percent of total FDI.
The Sai Gon Safari Park has been added to the list of projects in which Ho Chi Minh City is soliciting investment, said Director of the city’s Department of Planning and Investment Le Thi Huynh Mai.
A delegation of business executives representing 30 Indian companies led by the chairman of the Indian Silk Export Promotion Council met their Vietnamese counterparts at the Buyer-Seller meet held in Ho Chi Minh City on May 21.
Ho Chi Minh City requires huge investment in infrastructure, and authorities have solicited investment of some 42 billion USD in the five-year period until 2020.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of 2019 (Photo: VNA) 
