An Giang attracts 164 million USD in FDI

The southern province of An Giang have so far this year granted licences to 13 foreign direct investment (FDI) projects, with a total registered capital of 163.8 million USD.

The southern province of An Giang have so far this year granted licences to 13 foreign direct investment (FDI) projects, with a total registered capital of 163.8 million USD.

The figures represented year-on-year rises of 9 and 156.4 million USD in number and value, respectively, according to Deputy Director of the provincial Department of Planning and Investment Pham Thanh Nhon.

The value surge was attributed to a 100 million USD garment-textile project from Taiwanese investors and a 15 million USD footwear one from the Republic of Korea .

The province now boasts 33 FDI valid FDI projects worth over 213 million USD, nearly 52 million USD of which has been disbursed.

Local authorities are taking numerous measures to improve policies, mechanisms and information technology system in an effort to lure more foreign investment.-VNA

See more