Ho Chi Minh City in need of VND 3 quadrillion Investment by 2022

Hanoi, October 5 (Engineering Daily) -- HCMC People's Committee reported that the total investment capital of the city in 2018-2022 has to be required about VND 3 quadrillion.

The city is expected to mobilize maximum capital from the city budget, capital from non-state sector, and from foreign direct investment.

Striving for this period, the total investment budget of the state budget is about VND 219,351 billion, the total investment from the state sector about VND 564.722 billion, total investment from the non-state sector contributed about VND 1,727,193 billion and total foreign direct investment (FDI) contributed about VND 575,442 billion.

Furthermore, HCMC will also complete the system of mechanisms on socialization of investment and promoting socialization of investment for the development of the city.