INVESTED CAPITAL FROM SINGAPORE FLOWING INTO HCMC
In this September, Singaporean investors registered 17 new projects in Ho Chi Minh City with a total capital of over 120 million USD.
Since the beginning of this year, about 950 foreign-invested projects have been granted investment certificates by Ho Chi Minh City with the registered fund of about 953 million USD. The number of projects is 25% higher and 39% more capital than the same period in 2018. However, according to the HCMC Department of Statistics, this is still a slow growth.
Total newly registered capital and adjusted capital increased in 9 months to 1.5 billion USD (doubled). This foreign capital concentrates mainly on the fields of real estate, science and technology, commerce, process manufacturing and transportation.
Currently, there are 62 countries and territories investing in Ho Chi Minh City. Singaporean investors, for the first time in 6 months, have overcome the “tax haven” British Virgin Islands to lead a new grant (US $ 240 million, accounting for over 25% of the total capital). Compared to August 2019, Singaporean investors only registered 17 new projects but the total capital was more than 120 million USD.
Occupying a small proportion of capital but Korea is the leading country in the number of newly registered projects in Ho Chi Minh City with 199 projects, followed by Japan, Hong Kong, and China.