Vietnam drew more than US$1.7 billion of foreign direct investment (FDI) in January, a nearly five-fold increase over the same period last year, according to the Foreign Investment Department under the Ministry of Planning and Investment.
During the period, the country licensed 35 new FDI projects with a total registered capital of US$1.65 billion, 21 percent year-on-year and 5.4-fold increases in the number of projects and value, respectively.
Meanwhile, 10 projects were allowed to add a total capital of US$65 million.
Prominent projects include a US$1.3 billion complex of five-star hotel and entertainment and culinary centres in southern Ba Ria-Vung Tau province by the US-based Good Choice Corporation and an over US$298 million resort in central Thua Thien-Hue province by the Lap An Development and Investment Ltd. Co. of Singapore.
According to the Foreign Investment Department, the number of foreign investors flocking to Vietnam to seek investment opportunities in localities continued increasing. In 2008, the Department plans to set up investment promotion centres in key international markets such as Austria, France, Italy, Japan, the Republic of Korea, and the US to attract more foreign investors to the country.
(VOV) Created by hongnt Ref. Quê Hương
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