Ho Chi Minh City Total FDI capital reached 497.5 million USD, up 22.4% over the same period last year

DNHN - Information from the Department of City Statistics. From January 1, 2023, to March 20, 2023, the total foreign investment capital in Ho Chi Minh City reached 497.5 million US dollars, an increase of 22.4% compared to the same period last year.

In terms of newly registered capital, construction activities have 3 projects with a registered capital of 53.7 million USD, representing 40.4% of newly registered capital; wholesale and retail, repair of automobiles, motorcycles, and motorbikes have 86 projects with a registered capital of 53.6 million USD, representing 40.2%; professional activities, science and technology have 54 projects with a registered capital of 10.4 million USD, representing 7.8%; and Information and communications activities have 54 projects with a registered capital of 10.4 million USD, representing 7.

Singapore is the leader in terms of newly licensed projects with 47 projects, registered capital reaching 86.7 million USD, representing 65.4% of newly registered capital; followed by Hong Kong with 15 projects, registered capital reaching 9.5 million USD, representing 7.1%; and Japan with 19 projects, registered capital reaching 9.0 million USD, representing 6.9%.

Regarding the adjustment of registered capital, 37 projects saw an increase in capital totaling 87,1 million USD. The processing industry has 3 projects with a registered capital of 27.5 million USD, representing 31.5% of the total adjusted registered capital; information and communication activities have 15 projects with a registered capital of 26.9 million USD, representing 30.9%; and wholesale and retail, automobile, motorcycle, and motorbike repair have 7 projects with a registered capital of 23.1 million USD, representing 26.5%.

Korea is the nation with the highest adjusted capital in the first three months of 2023, with 35.5 million USD, or 40.8% of the total adjusted registered capital.

Phan Van Mai, chairman of the Ho Chi Minh City People's Committee, stated that the city is committed to continuing to listen, accompany, and support investors and international organizations in the city with a variety of solutions, mechanisms, policies, and prompt action. Timely, specific, and highly efficient.

Ho Chi Minh City is also concentrating on several key planning issues, including the Southern key economic region and Southeast region. Including the implementation of planning for the Southeast region by Prime Minister's Decree 463/2022; the perfection of the mechanism for linking and coordinating regional development and assisting apparatus; regional transport links, from road to waterway to rail; and environmental protection links. In tandem with this is the link to develop human resources and build a regional labor market; perfecting the specific mechanism for developing HCMC and investing in the city's development.

Ho Chi Minh City has determined that the commitment to continuously improve the quality of the investment environment will serve as the city's guiding principle for attracting investment.

Promoting the completion of key projects, which are considered the "lifeblood" of the city, is one of the strategies that the city offers to attract investors, including foreign investors. a city's socioeconomic activities. In 2023, the city intends to spend VND 15,300 billion on two projects: the construction of the HCMC-Moc Bai highway and the renovation of the Xuyen Tam canal.

The city has adjusted the construction completion date for the No. 1 Ben Thanh - Suoi Tien metro railway project to the end of the fourth quarter of 2023. In the meantime, for the urban railway project, No. 2 Ben Thanh - Tham Luong, the city has essentially completed the evaluation and approval of the design of the compensation estimate and is conducting construction and relocation bidding. The electrical process is anticipated to be completed by the end of 2024 so that the site can be turned over to the general contractors in 2025.

With the investment project to construct Ring Road 3, the project management board organizes field trips directly to the areas to review the progress and promptly remove implementation-related difficulties and obstacles; complete the approval procedures for two-component projects (construction and compensation).

Hong Tham/ T.h