Almost US$ 4.37 billion in foreign direct investment (FDI) was pumped into the red-hot Vietnamese economy in the first five months of the year, reported the Ministry of Planning and Investment’s Foreign Investment Department.
Almost US$ 4.37 billion in foreign direct investment (FDI) was pumped into the red-hot Vietnamese economy in the first five months of the year, reported the Ministry of Planning and Investment’s Foreign Investment Department.
Over US$ 3.7 billion was funnelled into an additional 372 new projects, while the remaining US$577 million was used as additional investments in previously licensed or operating businesses. FDI investment capital recorded a 25 percent increase over the same period last year and the number of newly licensed initiatives surged by 32 percent.
Analysts said most of the investments were finding their way into the agro-forestry and fisheries, industry and service sectors, in southern coastal Ba Ria-Vung Tau province, central Thua Thien-Hue province and
Topping the list of major projects to get off the ground were an Indian US$527 million steel producing facility in Ba Ria-Vung Tau province, a US$276 million deluxe resort in the Chan May economic zone in Thua Thien-Hue province and a US$220 million paper and pulp mill financed by Thailand’s Kraf Vina, in southern Binh Duong province.
Market observers have pointed to
According to the Japan External Trade Organisation (JETRO),
(Source: VOV)
