FDI flows to Ho Chi Minh City hit $365 million in first two months

FDI flows to Ho Chi Minh City hit $365 million in first two months

In the first two months of 2025, Ho Chi Minh City has lured $365.8 million in foreign direct investment (FDI) capital, a remarkable increase of 87 per cent on-year.

On March 6, the representative of Ho Chi Minh City Department of Finance briefed the performance of the city's socioeconomic development in the first two months of the year, showing many positive results.

Accordingly, Ho Chi Minh City has lured $365.8 million in FDI capital, up 87.1 per cent on-year. 153 ventures were awarded investment licences with a total investment capital of $89.15 million.

The total retail sales of goods and consumer service revenue reached approximately $10.7 billion in the first two months of 2025, up 15.9 per cent against last year's period. Retail sales of goods grew 25.6 per cent, while accommodation and F&B climbed 40.5 per cent.

Exports saw impressive growth with a turnover of $7.86 billion, up 19.17 per cent. Tourism revenue reached $1.5 billion, recording a 30.2 per cent increase. International tourist arrivals stood at 1.04 million, jumping 15.7 per cent on-year.

The public transport system shows many positive signals in the given period. The volume of passengers carried via public transport rose by 18.9 per cent, while Tan Son Nhat airport received over 7 million passengers passing through, marking an increase of 5 per cent.

Metro Line No. 1, connecting Ben Thanh and Suoi Tien, has transported over 3.8 million passengers in the first two months of the year.

Ho Chi Minh City has accelerated the progress of key projects to celebrate the 50th Anniversary of the Liberation of the South and National Reunification. Infrastructure, transportation, and new urban projects were actively implemented, contributing to transforming the facade of the municipal city.

Besides these positive results, Ho Chi Minh City also faces challenges amid a challenging economic environment. The city witnessed a 37.6 per cent decrease in the number of newly established enterprises and a 47.9 per cent decline in their registered capital.

Meanwhile, the number of enterprises temporarily suspending operations grew by 12.3 per cent from last year's period, equivalent to 15,800 enterprises.

VIR