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Home / Social Affairs
Positive signs in HCM City’s socio-economic development
10:58, 2014/12/03
​Ho Chi Minh City attracted 370 Foreign Direct Investment (FDI) projects with a total capital of US$2.78 billion over the past 11 months of 2014, up 194.6% in capital from the same period last year.
Remarkably, Samsung Electronics poured US$1.4 billion in the Saigon Hi-Tech Park. A total of 123 projects were added by US$165 million in capital.
 
 
 
According to the city’s report on the socio-economic performance in 11 months, the city earned US$31.204 billion from exports, up 9.89%, of which the State sector made up 55.98% and the foreign-invested sector accounted for the rest.

Among 230 nations and territories, sharp increases were witnessed in such markets as Singapore (up 191.3%), the Republic of Korea (up 71%), Hong Kong (up 175.5%), Taiwan (up 371%), Indonesia (up 66.4%), Switzerland (up 136.6%) and Denmark (up 132.6%).

The city’s import turnover in 11 months attained US$33.484 billion, up 8.71%.

As many as 22,026 businesses were established with a total capital of VND118,320 billion. An additional capital of VND133,923 billion was poured in 36,001 enterprises. The total registered and additional capital in the city obtained VND252,243 billion, up 15.4%.

The city welcomed 3.9 million foreign visitors, up 7%, gaining revenues of VND78,702 billion.

The total overseas remittances to Ho Chi Minh City over the past 11 months is estimated to hit US$4.4 billion.

The remittances to the city is forecasted to reach more than US$5 billion at the end of this year,  US$200 million higher than in 2013.

The sum mainly went to production and real estate.

In 2014, Viet Nam is listed among the 10 largest overseas remittances recipients in the world, seeing a growth rate of 10%, attaining US$12.1 billion.

From 1993-2014, the overseas remittances achieved US$96.66 billion, accounting for around 6.8% of the national GDP.
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