Documents Awareness - Knowledge
logo
OTHER NEWS

Country draws in 10.4 billion USD in eight months

19 October 2009 | 03:02:00 AM

(VietnamPlus) - Foreign investors registered 10.45 billion USD in investment capital in Vietnam in the past eight months, according to the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment.

 

 

The registered investment capital included 5.6 billion USD for 504 projects licensed in the reviewed period, said FIA Chief Phan Huu Thang on August 25. He stressed that the new investment capital was equivalent to just 10.8 percent of the same period last year.



In the reviewed period, investors saw an increase in capital for their 149 existing projects of 4.8 billion USD--up 3.8 percent against the same period last year.



“The rise in existing investment capital shows investors are confident of the likelihood that the Vietnamese national economy will recover and in its potential for development,” said the foreign investment chief.



The most optimistic sign coming from FDI in the aforementioned period was that 6.5 billion USD was disbursed. The figure was equivalent to 91.8 percent of the same period last year.



The official commented that with this pace of disbursement, the country is likely to fulfil this year’s goal of disbursing 9 billion USD of FDI.



According to FIA, foreign investors were greatly interested in hotel and restaurant - 20 projects newly-registered were capitalised at 755 million USD and three existing projects saw their capital go up by a combined 3.8 billion USD in these fields.



The manufacturing and processing industry surpassed the real estate sector in terms of new capital, with two new steel production projects, by the China Steel Corp (Taiwan-China) and Sumitomo Metal (Japan), registering as much as 1.14 billion USD.



In the reviewed period, the US became Vietnam’s largest investor with 3.95 billion USD, followed by Taiwan with 1.35 billion USD and the British Virgin Islands with 1.24 billion USD. There are 35 countries and territories investing in Vietnam.



The southern province of Ba Ria-Vung Tau topped other localities in FDI attraction during the period, drawing in 6.48 billion USD. It was followed by Ho Chi Minh City (1.04 billion USD), the southern province of Binh Duong (755 million USD), Hanoi (367 million USD) and the southern province of Dong Nai (281 million USD).

(VFEJ, 27/8/2009)

Views: 911

Other news

Over 1,130 wild animals rescued in Vietnam in 2020

(21/02/2021 06:07:AM )

HCM City to invest 23.9 million USD in motorbike emission control

(09/02/2021 09:12:AM )

Illegal gold mine in newly-established national park to be destroyed

(12/01/2021 08:11:AM )

Quang Nam province sets up national park

(08/01/2021 10:14:AM )

Travel agencies pledge to protect Vietnam’s wildlife

(04/01/2021 08:51:AM )

Thanh Hoa farmer protects wild birds with his love

(24/12/2020 04:36:PM )

Abandoned rare gaurs develop under care in Ninh Thuan

(09/12/2020 08:07:AM )

Dak Nong Geopark receives UNESCO title

(30/11/2020 08:11:AM )

HCM City struggles to deal with abandoned rubbish containers

(26/11/2020 06:02:AM )

VIDEO

Environmental Sustainability - we have choices

See more

ENVIRONMENT BRAND

UPCOMING EVENTS
4,018 old trees across the country have been...

(VACNE) – On September 19, 2020, VACNE's Heritage Tree...

See more
MONRE supports and appreciates the cooperation...

VACNE, 4/12/2017) - The Ministry of Natural Resources...

See more
US Assistant Secretary of State and 10 Ambassadors...

Quang Binh provincial People's Committee on March 8th announced...

See more
Save the Dong Nai River: experts

HA NOI (VNS) — Scientist and experts have renewed their calls to the National Assembly and the Government...

See more
PHOTO GALLERY