INSIGHTS
HCM City aims to attract $2.5 million in FDI in 2013, which is 20% higher than last year's figure. According to the municipal Department of Planning and Investment, the top priority would be given to foreign-invested projects in high-value added industries such as engineering, electronics, IT and biological technolo
HCM City targets $2.5M in FDI
Date: 2014/03/13
Source: a&s
HCM City aims to attract $2.5 million in FDI in 2013, which is 20% higher than last year's figure.
According to the municipal Department of Planning and Investment, the top priority would be given to foreign-invested projects in high-value added industries such as engineering, electronics, IT and biological technologies; processing and manufacturing; banking and finance; telecommunication; real estate as well as tourism.
It added that the prioritized sources of foreign investment would be the U.S., Japan, Singapore, South Korea, and Germany.
The goal was set based on the city's encouraging FDI investments in 2012 and in the first 2 months of this year as well, head of the department's investment registration division Le Thi Huynh Mai said.
The city started this year also with a significant amount of $2.2 million in FDI being registered in the past two months, which is 1.2% higher year on year.