In the first quarter of 2022, Ho Chi Minh City attracted USD 406 million in FDI

DNHN - In the first quarter, the total newly registered capital in Ho Chi Minh City reached 102.4 million USD, down 12.8% in the capital over the same period, with 127 projects.

According to the Ho Chi Minh City Statistics Office, total foreign investment capital in the city reached US$406.6 million between January 1 and March 20, 2022, a decrease of 40.1 per cent over the same period last year. This figure includes newly registered and adjusted capital, as well as the value of capital contribution and share purchase by foreign investors. 

With 127 projects, the total newly registered capital reached 102.4 million USD, a decrease of 12.8 per cent in capital over the same time. This includes wholesale and retail trade; repair of automobiles, motorcycles, and motorcycles with a registered capital of 34.6 million USD, accounting for 33.8 per cent of the total newly registered capital.

Singapore, South Korea, and Japan have registered capital, which accounts for 74.4 per cent of newly awarded capital. Singapore, in particular, has 16 projects with a combined capitalization of 34.5 million USD, accounting for 33.7 per cent. South Korea has 15 projects worth 24.2 million USD, or 23.6 per cent, and Japan has 16 projects worth 17.5 million USD, or 17.1 per cent. 

There were 504 instances of foreign investors adopting with contributed US$294.8 million, an increase of 13% over the same time last year. 

In which professional activities, science, and technology accounted for 176.8 million USD or 60% of total capital supplied. Following that, wholesale and retail sales, as well as repair of automobiles, motorcycles, and motorbikes, accounted for 19 per cent of total revenue, totalling 56 million USD

South Korea and Singapore are anticipated to have contributed the most money in the first three months of this year, at 40.1per cent and 25.3 per cent, respectively. Along with new initiatives, 43 projects with a total investment capital of 54.84 million USD are proposed to be terminated by March 20, 2022. 

According to the Ho Chi Minh City Bureau of Statistics,10,533 projects remain valid through March 20, 2022, totalling 52.89 billion USD in registered capital (including newly granted capital and adjusted capital).

Trieu Bang