Real estate still attracts most FDI capital

By the end of May this year, Ho Chi Minh City has attracted US$2.77 billion of foreign direct investment (FDI) capital,  an increase of 49 percent in comparison with the same period last year.

An apartment building in Mai Chi Tho Street in Ho Chi Minh City. (Photo: SGGP)

An apartment building in Mai Chi Tho Street in Ho Chi Minh City. (Photo: SGGP)

Of which, real estate lured the highest investment, accounting for up to 46.7 percent of total investment. It was followed by science and technology with 23.4 percent, wholesale, retail and repair of automobiles, motorbikes and other engine-driven vehicles with 16.8 percent, industrial processing and manufacturing with 5.3 percent and information and communications with 4.3 percent.
In terms of investors’ nationalities, British Virgin Islands invested the most, making up 33 percent of total FDI capital, tailed by South Korea with 27.8 percent, Japan with 17.2 percent, Singapore with 5 percent and Hong Kong (China) with 2.6 percent.
Among adjusted projects, 102 projects that were granted permission in previous years added a total additional capital of $214.54 million. Compared to the same period last year, there is an increase of 27.5 percent in the number of adjusted projects and an increase of 35.8 percent in the amount of investment capital. 

By Do Tra Giang – Translated by Thuy Doan

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