HCM City boosts FDI in key projects
HCM City (VNA) – The southern economic hub Ho Chi Minh City is accelerating administrative reform in investment licensing and site clearance to attract more foreign direct investment (FDI) in 2009.
The city is calling foreign investment to such key projects as the 5 billion USD Thanh Da peninsula, the 737 ha Thu Thiem new urban area, the 6,000ha Cu Chi urban area and the 3,600 ha Hiep Phuoc-Nha Be port urban area, which are expected to attract 20 billion USD in FDI in 2009 and the coming years.
In 2008, the city licensed 528 FDI projects with registered capital of 8.44 billion USD, 3.4 fold over the 2007 figure.
2008 is also the third consecutive year the city’s FDI attraction hit a record.
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