Ho Chi Minh
City plans to receive US$8.4 billion in foreign direct investment pledges this
year, aiming for one third of the country's total figure.
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.