HCM City draws 1.9 billion USD in FDI

29/04/2008 -- 11:27 AM

HCM City (VNA) – Ho Chi Minh City has so far this year attracted 126 Foreign Direct Investment (FDI) projects, worth more than 1.9 billion USD. Nearly 966 million USD came from 86 wholly-foreign invested projects, accounting for 49.6 percent of total registered capital. The projects are chiefly invested in real estate, construction and industry. According to experts, the southern industrial hub of the country is absorbing an influx of real estate projects due to the success of giant corporations in this field over the past year such as Indochina Land Holding and VinaCapital Fund Management Companies. The policy to allow foreigners to buy and own houses in Vietnam is also considered a key factor behind a recent boom in real estate investment in HCM City.-Enditem
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