Ho Chi Minh City: FOREIGN INVESTORS USE $ 2.5 BILLION TO BUY VIETNAMESE ENTERPRISES IN 5 MONTHS

25/06/2018, 16:30 PM

According to Mrs. Le Thi Huynh Mai, Deputy Director of the Department of Planning and Investment of Ho Chi Minh City, from the beginning of 2018 to the end of May, there are up to 1,130 cases of foreign investors carrying out procedures to contribute capital, purchase shares , the capital contribution of domestic enterprises, with registered capital up to 2.5 billion US dollars.

At the same time, the total foreign-invested projects granted new and increased just nearly 676.4 million dollars, including 354 new investment projects with a total registered capital nearly 403 million dollars and 98 active projects to increase capital with total capital increase nearly $ 278.4 million.

In fact, Ho Chi Minh City is the locality to attract foreign investors to invest capital through the form of capital contribution, buying shares most in the country.

According to the Authority of Foreign Investment under the Ministry of Planning and Investment, from the beginning of the year to May 20, in Vietnam, there are more than 2,340 turns of capital contribution and share purchase of foreign investors with total capital contribution only $ 2.75 billion, up 53.5% over the same period last year.

There are 1,117 turns to contribute shares of capital, share purchase to increase the chartered capital of the company with value thereof $ 1.58 billion and 1,224 foreign investors bought back domestic shares without raising capital $ 1.17 billion.

Last year, Ho Chi Minh City was also the leading source of foreign investment through this form. Specifically, according to the Authority of Foreign Investment, among the $ 6.19 billion total value of capital contribution purchasing of shares of foreign investors into Vietnam in 2017, Ho Chi Minh City has accounted for nearly 60% of this capital. Noteworthy, the investment capital through this form of foreign investors last year across the country only accounted for about 17.25% of the total foreign capital committed to Vietnam.

Source: thesaigontimes.vn

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