Ho Chi Minh City attracted $2.9 billion in FDI in the first half of the year, a year-on-year increase of 30.7 per cent, figures from the city’s Statistics Office show.

It maintains its place among the top 10 localities in Vietnam with a solid investment environment.

During the six-month period, the city granted investment licenses to 514 projects with combined registered capital of $231 million, up 69.1 per cent year-on-year in number.

The city led the country in newly-registered FDI projects, additional capital, and capital contributions for share purchases, with 38.9 per cent, 24.9 per cent, and 65.4 per cent of the total, respectively.

Singapore continued to be the leading investor in Ho Chi Minh City, with 89 projects and capital of $126 million, representing 54.6 per cent of all newly-registered capital.

It was followed by Japan, with 43 projects and $21.7 million, accounting for 9.4 per cent, and Hong Kong (China) with 36 projects and $2.7 million, accounting for 5.6 per cent.