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