The Foreign Investment Department has reported that in the year’s first two months, the country has licensed 88 foreign-invested projects with a combined capital of 1.6 billion USD, a decrease of 40.2 percent over the same period last year.
Major projects included the US Skybridge Sea Co’s 902.5 million USD exhibition and trade centre and real estate complex in the southern province of Ba Ria-Vung Tau and the Daewon-Binh Khanh Investment Co’s 120 million USD real estate project in Ho Chi Minh City.
The two-month period also saw a dramatic decrease in additional capital pumped into existing projects with 162.5 million USD, only equivalent to 4.3 percent of the figure for the same period last year. The bright spot was a high rate reaching 1.1 billion USD, a year-on-year rise of 10 percent.
In the reviewed period, FDI businesses registered a 23.8 percent year-on-year growth in export venues with 4.93 billion USD, including crude oil. Their import turnovers also increased 47.7 percent to 4.17 billion USD./.
Major projects included the US Skybridge Sea Co’s 902.5 million USD exhibition and trade centre and real estate complex in the southern province of Ba Ria-Vung Tau and the Daewon-Binh Khanh Investment Co’s 120 million USD real estate project in Ho Chi Minh City.
The two-month period also saw a dramatic decrease in additional capital pumped into existing projects with 162.5 million USD, only equivalent to 4.3 percent of the figure for the same period last year. The bright spot was a high rate reaching 1.1 billion USD, a year-on-year rise of 10 percent.
In the reviewed period, FDI businesses registered a 23.8 percent year-on-year growth in export venues with 4.93 billion USD, including crude oil. Their import turnovers also increased 47.7 percent to 4.17 billion USD./.
