Vietnam's FDI inflow exceeds US$2.5 billion
07:46' 25/03/2007 (GMT+7)
VietNamNet Bridge - Vietnam has in the first quarter of this year attracted more than US $2.5 billion in foreign direct investment (FDI), a year-on-year increase of 22%, reported the Ministry of Planning and Investment.
According to the Foreign Investment Department, in March alone, the country licensed 71 FDI projects with a combined registered capital of US $455 million and permitted 47 operational projects which added US $432 million to their investment capital.
Up to 49% of the total capital of the first three months was poured into the service industry, 48% into industrial projects, and the remainder into the agro-forestry-fisheries sector.
The Republic of Korea emerged as the biggest investor in Vietnam in the reviewed period with a total registered capital of US $486 million, followed by Singapore with US $476 million.
According to the department, the largest projects involve the construction of a US $276 million resort in central Thua Thien-Hue province, a US $220 million paper mill in southern Binh Duong province, a US $165 million seaport in southern Ba Ria-Vung Tau province and a US $100 million reservoir in northern Thai Nguyen province.
(Source: VNA)
