Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Vietnam lures more FDI in first 7 months
+ -
19:43, July 26, 2007

 Related News
 Lenovo to increase global presence with new manufacturing plants in India, Mexico
 Comment  Tell A Friend
 Print Format  Save Article
Vietnam is estimated to lure foreign direct investment (FDI) of nearly 7.5 billion U.S. dollars in the first seven months of this year, up 49.7 percent over the same period last year, according to a local investment agency on Thursday.

As many as 717 new foreign-invested projects worth roughly 6.4 billion dollars are expected to be licensed in the first seven months, and 196 existing projects are set to raise their combined capital by 1.1 billion dollars, said the Foreign Investment Agency under the Ministry of Planning and Investment.

South Korea, with an investment of over 1.4 billion dollars, is the biggest among 39 foreign investors in Vietnam in the first seven months of this year, followed by Singapore with more than 1. 3 billion dollars, and British Virgin Islands with 527.3 million dollars, said the agency.

To lure more FDI, the Vietnamese government has asked localities and relevant agencies to announce the list of projects calling for FDI in the coming years, to intensify investment promotion designated for certain countries and multinationals, to develop auxiliary industries for manufacturing, assembling, textile, garment and footwear production, and to improve socioeconomic infrastructure.

Vietnam is likely to lure FDI of over 20 billion dollars this year, up from 10.2 billion dollars last year, according to the agency.

As of June 22, the country has housed 7,490 foreign-invested projects with a total registered capital of nearly 67.3 billion dollars.

Source: Xinhua

  Your Message:   Most Commented:
Respond "Nanking" with humanity, respect, tears & applause: Interview
Ambassador reviews Germany-China relations
President Hu vows to remain committed to "one country, two systems" principle
CPC full of vigor and vitality
Roadside bomb blast kills 26 people in SW Pakistan

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved