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Foreign Investment in Ho Chi Minh City Up by 14.8 Percent - Vietnam Briefing News

Jul. 30 – Foreign investment in Vietnam’s financial capital was up by 14.8 percent to US$1.19 billion during the first seven months of the year.

Ho Chi Minh City’s economy seems to have recovered with retail sales of goods and service posting high returns at VND205 trillion, an increase of 32.1 percent from the previous year.

Tourism also seems to be doing well. The city has so far received more than 1.6 million tourists, a growth of 24.3 percent. Industrial production increased by 13.6 percent and budget revenue by 23.3 percent.

While speaking at a conference on Monday, the Chairman of the Municipal People’s Committee Le Hoang Quan said the city is aiming for a minimum GDP growth rate of 11.5 percent for 2010.