Foreign investment increases nearly 40 percent
Ha Noi (VNA) – Viet Nam attracted more than 8.3 billion USD in foreign direct investment in the first eight months of this year, representing a 39.8 percent increase from the same period last year.The figure included 7.1 billion USD invested by 814 newly-licensed projects with the rest coming from 247 capital expansion projects, the Department for Foreign Investment under the Ministry of Planning and Investment said.
It went on to say that foreign investment was mostly funnelled to the industrial, construction, service, agriculture and forestry sectors and that s outhern Ba Ria-Vung Tau province, Ha Noi and Ho Chi Minh City took lion share in attracting capital from abroad.
According to the department, the Republic of Korea (RoK) ranked first among the 40 countries and territories investing in Viet Nam, boasting 238 projects, worth a total of over 1.7 billion USD.
The RoK was followed by Singapore, with 50 projects, capitalised at more than 1.3 billion USD.
The Department for Foreign Investment also revealed that an additional 50 foreign-invested projects, valued at around 50 billion USD, are preparing for investment in Viet Nam.
Phan Huu Thang, Director of the Department for Foreign Investment, said the performance in the first eight months of this year will help Viet Nam fulfil its target of attracting 12 billion USD in capital from abroad.-Enditem
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