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China invests 7.94 bln USD in Vietnam in 2014: ministry

(Xinhua)    18:42, December 09, 2014
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HANOI, Dec. 9-- As of Dec. 5, Chinese investors registered 1,082 projects with registered capital of 7.94 billion U.S. dollars in Vietnam so far, ranking ninth out of 101 economies investing in Vietnam, according to Vietnam's Ministry of Planning and Investment's Foreign Investment Agency (FIA) on Tuesday.

The average investment per project by Chinese investors stood at 7.34 million dollars, compared with the average level of over 14 million dollars per one foreign direct investment (FDI) project in Vietnam.

Chinese investors turn out to be keen on industrial processing and manufacturing with 744 projects and 4.23 billion U.S. dollars, accounting for 53.3 percent of the Chinese investment in Vietnam.

Electricity production ranks second with 2.04 billion U.S. dollars of registered capital, accounting for 25.8 percent of total Chinese investment in Vietnam.

Southern Binh Thuan province lured most investment of China, with five projects and 2.02 billion U.S. dollars while northern Lao Cai province sits the second in the list with 803.1 million U. S. dollars, said FIA.

In northern provinces bordering China including Quang Ninh, Lang Son, Cao Bang, Ha Giang, Lao Cai, Lai Chau, Dien Bien, Chinese projects mainly fall in industrial processing, manufacturing and mining.

Several key projects by Chinese investors in Vietnam include Vinh Tan 1 Power Company in Binh Thuan province (with investment of 2.01 billion U.S. dollars), Viet Luan Tires Company in southern Tay Ninh province (400 million U.S. dollars) and Tan Cao Tham Company in Lao Cai province (337.5 million U.S. dollars) among others.

Meanwhile, Vietnam has invested in 13 projects in China with total registered capital of 15.93 million U.S. dollars so far cumulatively.

(Editor:Wang Ao,Bianji)
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