As reported by the HCMC People’s Committee, in 2011, 2012 and the first eight months of 2013 the city licensed 1,135 new FDI projects with a total registered capital reaching US$4 billion and 339 projects increased their investment capital with a total of US$1.83 billion added.
Overall, the city has absorbed a total of US$5.83 billion in FDI during the period, accounting for 15.73% of the nation. It is estimated FDI attraction in the city for the year 2013 is likely to reach US$1.29 billion.
Changes in investment promotion policy, administrative procedures reform, and creation of favourable investment environment have helped increase FDI in the city. The city’s dynamic FDI capital, along with modern technologies being applied, plays an important role in speeding up domestic production and increasing export revenue and competitiveness for HCMC economy, thus contributing to the overall growth of the nation.
On September 10, the city granted business licenses to three Japan FDI projects worth US$170 million. The move aims to encourage investment from Japan to HCMC, especially in the field of high-tech and support industries.
Currently, there are 105 Japanese companies operating in export-processing zones and industrial parks in HCMC with total investment of US$1.27 billion, mainly in the mechanical, electrical, and electronic sectors.
