US leads foreign investors in Vietnam in 2009

The US became the leading investor among the 43 countries and territories investing in Vietnam in 2009 with a total capital of 9.8 billion USD.

The Foreign Investment Department of the Ministry of Planning and Investment said that the US investment capital made up 45.6 percent of the country’s total foreign investment.
The US became the leading investor among the 43 countries and territories investing in Vietnam in 2009 with a total capital of 9.8 billion USD.

The Foreign Investment Department of the Ministry of Planning and Investment said that the US investment capital made up 45.6 percent of the country’s total foreign investment.

The US was followed by Cayman Islands with more than 2 billion USD.

Apart from Hanoi and HCM City , US investors focused their ventures on other localities with potential economic development like the southern provinces of Dong Nai and Ba Ria-Vung Tau.

Director of the Ba Ria-Vung Tau Investment Promotion Centre, Vo Trinh Trieu, said that the US is the largest financier in his province with more than 5.8 billion USD, representing over 23.2 percent of its total foreign investment capital.

During a visit to Vietnam in early Dec. 2009, ex-President of the US Chamber of Commerce (AmCham) and President of the US Amway Group Steve Van Andel told the press that the increase in US investment in the country has opened positive prospects. This proved that US businesses and entrepreneurs show interest in Vietnam .

In 2008, US investment capital only totalled more than 1.5 billion USD./.

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