Vietnam: Ho Chi Minh City less powerful at drawing foreign capital

Asian Textile Business | December 1, 2002| | Copyright

INSIDE ASIA

A crisis atmosphere has prevailed in Ho Chi Minh City because of the lowering of the city's power to attract foreign capital.

The number of by foreign investment projects in January-August 2002 totaled 158 projects and the value of total investments was US$179 million. The average value of investment per project fell from US$3.4 million last year to US$1.13 million this year. The number of projects with an investment value of less than US$1 million was 119 projects.

The decline in the scale of foreign investments in Ho Chi Minh City began to be visible in 1997. The average ...

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