Five foreign-invested projects worth US$220 million were licensed on Saturday in Ho Chi Minh City, which recorded total registered foreign investment of US$1.08 billion so far this year.
Three new projects will take up $168 million of the pledged capital. The rest of the investment will be used for the expansion of two existing projects, Tuoi Tre (Youth) newspaper reported.
Aeon, Japan's largest retailer, topped the new foreign investment with $128.5 million for a new project and $43.3 million for its existing supermarket in the city's Tan Phu District.
Thai Van Re, Director of the HCMC Department of Planning and Investment, said the sharp increase in new investments was a "positive sign which indicates that FDI into the city may continue to rise in the last six months of this year and next years,” he said.
The FDI inflows of $1.08 billion between January and June represented a 202 percent year-on-year jump, Re said.
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