HCM City attracts 25.6 billion USD in FDI

HCM City (VNA) - Ho Chi Minh City has so far attracted 3,128 foreign
direct investment (FDI) projects, worth 25.6 billion USD in total, said the
municipal Planning and Investment Department.

The FDI projects have disbursed more than 10.14 billion USD, accounting for nearly
40 percent of their total registered investment.

Complicated administrative procedures have been blamed for the slow FDI
disbursement.

The city plans to attract FDI in mechanics and chemicals; electricity, electronics
and information technology; finance and banking; and realty sectors in the coming
years.-Enditem