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FDI exceeds US $60 billion   2008-11-25 - VNE

Industry and construction are the most attractive areas, attracting US $32.5 billion.

In the past 11 months, more than US $60 billion of foreign capital (FDI) was registered in Vietnam. A large part of the sum comes from large-scale industrial projects.

 

According to the Foreign Investment Agency under the Ministry of Planning and Investment, foreign investors registered to invest US $59 billion in new projects and to increase capital for operating projects by US $1.09 billion so far this year. Registered FDI for November alone hit over US $781 million.

 

Industry and construction are the most attractive fields, attracting US $32.5 billion, followed by service sector with around US $26.2 billion. Agriculture and pisciculture is less attractive to foreign investors, luring nearly US $250 million.

 

Malaysia, thanks to the Lion Group’s US $9.8 billion steel complex project in Ninh Thuan Province, becomes the largest investor in Vietnam. This huge project was kicked off last week in Ninh Thuan. Taiwan and Japan rank the second and the third largest investors.

 

Other provinces which attracted large foreign investment include Ninh Thuan, Ba Ria – Vung Tau and HCM City.



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