Business

FDI projects continue to rise in number, value

As many as 500 new foreign direct investment (FDI) projects were licensed in the first five months of this year, with a total registered capital of 3.67 billion USD.
As many as 500 new foreign direct investment (FDI) projects werelicensed in the first five months of this year, with a total registeredcapital of 3.67 billion USD.

The country saw167 foreign projects adding another 1.84 billion USD to their capital,according to the Ministry of Planning and Investment.

The southern province of Binh Duong was the most attractivedestination, with 813.6 million USD, followed by Ho Chi Minh City andsouthern Dong Nai province with 775.6 million USD and 579.7 million USD,respectively.

Out of the 38 countries andterritories investing in newly-licensed projects in Vietnam, theRepublic of Korea topped the list with investments totalling 1.3 billionUSD, or 24 percent of the combined FDI cash injection.

It was followed by Hong Kong and Japan with respective investments worth 629.9 million USD and 588.6 million USD.

Last year, Vietnam lured more than 12,000 new FDI projects and about500 existing ones increased their capital with nearly 22 billion USD.-VNA
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