Foreign investment in HCM City reaches US$337.8 million over two-month period

VOV.VN - Ho Chi Minh City registered a total of US$337.8 million in foreign investment during the initial two months of the year, equivalent to 70.3% of the figure achieved during the same period from last year.

Most notably, real estate attracted the majority of the sum with US$145.1 million, or 43% of the overall total. This was followed by science-technology with US$57.5 million, 17% of the total, and the processing-manufacturing industry at US$41 million, representing 12.1%, according to figures released by the municipal Department of Planning and Investment.

As a major economic hub in the region, the southern city was only able to lure three new foreign investment projects worth US$115 million during January and February due to a range of complex developments caused by the global impact of the novel coronavirus (COVID-19) pandemic.

Up to 99.7% of the new capital was invested into real estate, with 29.6% coming from Singapore and a further 70.1% coming from the Netherlands.

Since the beginning of this year to February 20, the southern metropolis has witnessed a total of 22 existing projects receive US$53.3 million as part of additions to their registered capital.

Foreign investors also spent US$169.5 million on capital contributions of share purchases in local firms during the reviewed period.

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