HCM City attracts foreign investment of $6 bln via M&A in 2018

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Photo taken on Feb. 14, 2018 shows a view of the Nguyen Hue Flower Street 2018, in Ho Chi Minh city, Vietnam. Xinhua/Hoang Thi Huong

HO CHI MINH CITY (Xinhua) – Vietnam’s Ho Chi Minh City’s licensed foreign investors invested $6 billion into the city through mergers and acquisitions (M&A) deals in 2018, the municipal authorities said Tuesday.

Since 1988, foreign investors have been licensed to pump over $10 billion into Ho Chi Minh City via M&A deals, accounting for 22 percent of total foreign direct investment in the city.

The city currently has 8,112 foreign-invested projects with total registered capital of nearly $45 billion, said the municipal Department of Planning and Development.

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In January, Vietnam licensed 226 foreign-invested projects with total registered capital of $805 million from over 20 countries and regions, posting respective year-on-year rises of 36.1 percent and 81.9 percent, according to the country’s Foreign Investment Agency.

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