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FDI in Vietnam has exceeded $57 billion

26 Sep 2008

FDI in Vietnam has exceeded $57 billion
The amount of Foreign Direct Investment (FDI) in Vietnam over the last nine months was more than $57 billion, according to new statistics.

Findings from the Foreign Investment Agency revealed that this was five times as much as the figures for the previous year.

The results showed 57.48 per cent of the money went into investment in industry while the rest was poured into the construction sector.

Out of the 40 countries to invest in the country so far during 2008, Malaysia was at the top of the list with $14.8 billion provided for 37 projects.

Taiwan was in second place with $8.6 billion in 116 projects followed by Japan, Brunei and Canada.

Further findings from the agency showed $8.1 billion in FDI was dispersed, an increase of 3.7 per cent compared with the same period last year.

Meanwhile, VietNam Net Bridge reported that Vietnam's Housing and Urban Development Corporation (HUD) is to develop a series of real estate projects in Cuba.
ADNFCR-1127-ID-18799129-ADNFCR

Source: Adfero

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