Thursday, April 24, 2008, 13:34 GMT+7

Vietnam’s FDI attraction in four months up 41%

Vietnam has attracted a total of US $7.598 billion worth of foreign direct investment in the first four months of 2008, up 41% compared to the same period last year.


Vietnam has attracted a total of US $7.598 billion worth of foreign direct investment in the first four months of this year, up 41% compared to the same period last year, the Vietnam News Agency cited sources from the Ministry of Planning and Investment’s Department for Foreign Investment.

In April alone, the country granted investment licences to 63 projects with a total registered investment of US $2.1 billion, bringing the total number of newly-licensed FDI projects in the first four months of this year to 210 with total investment of US $7.22 billion, up 52.9% year-on-year.

During the period, 64 existing projects have also applied to increase their investment to a total additional investment of US $371 million, up 57.3% against the same period last year.

Ninety per cent of the total FDI attraction to the country in the first four months (or US $6.5 billion) are in the services sector, especially real estate and hotel projects.

((VNS, MPI))
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