Singapore biggest foreign investor in HCM City hinh anh 1
A view of HCM City (Photo: VNA)

According to the municipal Department of Statistics, Japan came second with  32 new projects totaling 16.5 million USD, making up 8.3% of the total.

In the January-May period, the southern economic hub saw 374 new projects with a combined capital of 199.8 million USD. Meanwhile, 403.3 million USD were added to 121 existing ones.

Singapore biggest foreign investor in HCM City hinh anh 2
Illustrative image (Photo: VNA)
As many as 836 foreign investors poured 541.1 million USD into capital contribution and share purchase deals in the first five months, up 9.3% compared to the same period last year. Singapore and Cayman Islands had the highest proportion of capital contribution in the reviewed period, accounting for 53.6% and 11.5%, respectively.

In the first five months, HCM City saw 18,630 newly-established enterprises, up 7.8 year on year, with a total registered capital of 178.78 trillion VND (over 7.6 billion USD), down 21.2%.

From January 1, 1988, to May 20, 2023, HCM City recorded 11,734 valid foreign-invested projects with a total value of over 56.71 billion USD.

At the same time, 81.04 billion USD was added to operating ones and invested in capital contribution and share purchase deals./. VNA