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 VIETNAM HCMC targets one third of Vietnam’s FDI this year

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1alaskan
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PostSubject: VIETNAM HCMC targets one third of Vietnam’s FDI this year   Thu Jun 21, 2012 8:10 pm

HCMC targets one third of Vietnam’s FDI this year

The southern metro is expecting several large projects to be registered this year including a Capital Group residential project in Cu Chi District and a new project by South Korean retail giant Lotte.

The city also plans to auction five valuable land lots in District 1, which can accommodate multi-billion dollar projects.

Luu Thanh Phong, deputy director of the city Department of Planning and Investment, said FDI pledges reached $333.4 million in the first two months, four times higher than the same period last year.

Vietnam received $1.1 billion in disbursement of foreign direct investment in January and February, a rise of 10 percent from the same period last year, the government said late last month. However, new pledges and increased capital in existing projects in the two-month period plunged 72.8 percent to $1.78 billion.

http://www.evietnambusiness.com/financial/news/564-hcmc-targets-one-third-of-vietnam’s-fdi-this-year.html

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