Ho Chi Minh City expects to attract US $ 8 billion of FDI

In particular, foreign investment projects newly granted investment registration certificates have 1,200 projects with a total investment capital of US $ 1.85 billion (up 13% of newly licensed projects and equal to 224% of investment capital) over the same period).

The city also has 300 projects with adjusted investment certificates, investment licenses and investment registration certificates with additional capital of US $ 850 million (including capitalincrease and decrease projects).

A long with that, the City approved for 5,500 cases offoreign investors carrying out procedures for contributing capital, buying shares, buying back capital contribution of domestic enterprises with registered capital equivalent to 5.3 billion USD.

This result is due to the fact that in 2019, Ho ChiMinh City has effectively organized 203 domestic and foreign trade promotion programs through trade fair and trade fair events and market surveys; organizing forums, seminars and business connections (B2B). On the other hand, the City welcomed and worked with 310 domestic and foreign delegations to learn about the investment, business environment and exchange experiences of trade andinvestment promotion in the City.

The city also maintains the operational efficiency ofthe Investment Working Group, meeting weekly to solve difficulties and problemsof businesses and investors in the process of implementing projects, especially large projects. .

In the coming time, Ho Chi Minh City continues to promote activities to attract foreign investment, support investment enterprises to improve the quality of operations to increase the efficiency offoreign investment and help develop important industries of city. At the sametime, strengthen the organization of direct dialogues between businesses and the City government; deploy solutions to remove difficulties for businesses; organizing series of investment promotion conferences to invite domestic andforeign investors.

According to the Foreign Investment Agency (Ministryof Planning and Investment), as of November 20, 2019, the total newly registered investment capital, adjusted and contributed capital to purchase shares of foreign investors reached nearly 31.8 billion USD, up 3.1% over the same period in 2018. Of which, there are 3,478 new projects with a total registered capital of 14.68 billion USD, up 28.2% in the number of projects butdown 7% in terms of capital compared to the same period in 2018.


Vietnam maps showing administrative units, sources of critical raw materials and industrial zones locations.