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Central coastal region leads in FDI attraction

In the first four months of 2013, the northern central coastal and central coastal provinces have led in foreign direct investment (FID) attraction.
In the first four months of 2013, the northern central coastal andcentral coastal provinces have led in foreign direct investment (FID)attraction.

According to statistics from theForeign Investment Agency under the Ministry of Planning and Investment,Vietnam has attracted 8.2 billion USD from foreign investors in thereviewed period, a 17 percent increase compared to the same period lastyear.

Remarkably, the FDI flow has shown a change indirection, with the northern central coastal and central coastalregions surpassing other regions to lead in FDI attraction, followed bythe northern midlands and mountainous region, the southeast and RedRiver delta.

Two provinces prominent in FDIattraction in the central coastal region are Thanh Hoa with theJapanese-invested Nghi Son Refinery and Petrochemical Complex valued at2.8 billion USD and Binh Dinh with a bus assembly project valued at 1billion USD.

Preferential policies on infrastructureinvestment and enterprise operations, and continuously-organisedinvestment promotion activities have increased the provinces’attraction, said experts.-VNA
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