Investment in HCM City export processing, industrial zones up 86%

HCM CITY — Export processing and industrial zones in HCM City saw US$ 一 一 七 million of investment poured into the zones in the first quarter, a  八 六 per cent increase compared to the same period last year, according to the HCM City Export Processing and Industrial Zones Authority.

FDI in the zones was nearly $ 六 六 million, a  二. 五 八 per cent increase year-on-year.

Eleven FDI projects registered more capital of over $ 六0 million. There were six new projects with total capital of $ 五. 四 八 million, a  七 四 per cent decrease from last year.

The zones received VNĐ 一. 一 trillion ($ 四 七 million) worth of domestic investment, up by  三 七 per cent year-on-year. There were  一 三 new projects, while  一 二 projects increased their capital.

The increase in investment in the zones was mainly from domestic sources and foreign projects that already had plans to register more capital, according to the authority, which said that investment attraction in the second quarter may face challenges due to the COVID- 一 九 pandemic

HCM CITY, as of March  二0, had attracted over US$ 一 billion worth of FDI, a  三 三 per cent drop year-on-year, according to the HCM City Statistics Office. — VNS