Turkey abruptly became the second largest foreign investors in Vietnam for the first four months of this year as a result of its US$660 million investment project in Dong Nai province's Nhon Trach industrial zone.
Turkey abruptly became the second largest foreign investors in Vietnam for the first four months of this year as a result of its US$660 million investment project in Dong Nai province’s Nhon Trach industrial zone.
Turkish-invested firm Hyosung Istanbul Tekstil in Nhon Trach IZ accounted for 17.7% of the total foreign direct investment (FDI) capital.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, the total new and supplementary FDI capital during the January-April period hit US$3.722 billion, down 23% from last year’s same period.
In the reviewed period, the number of newly-registered and additional FDI projects rose by 14.9% and 19.3%, respectively.
Particularly, 76% of the total FDI came from the processing and manufacturing sectors.
(Source: VOV)
