FDI in Vietnam reaches $1.2 billion in February

Foreign Direct Investment (FDI) in Vietnam has reached US$1.2 billion in February, according to the Department of Foreign Investment under the Ministry of Planning and Investment.

So far, 40 projects with a total capital of more than US$881 million have been issued new investment licences; and 20 investors have applied for expansion of existing projects at a total cost of over US$312 million.

According to VN General Statistics Office, the country’s trade gap in February is about US$800 million; export turnover has touched US$8.2 billion, increasing 15.6 per cent over the last month; and import has attained US$9 billion, presenting a month-on-month increase of 30 per cent.

In related news, the bridge upgrade project for the Hanoi-Ho Chi Minh City railroad kicked off in Quang Tri Province on February 25.

The Tekken-Yokogawa-ThangLong-Marubeni Joint Venture will upgrade seven bridges from Quang Binh Province to Thua Thien-Hue Province at a cost of JPY 1.3 billion or VND 293 billion (US$13.3 million) which will come as loan from the Japanese Government, with  corresponding support from the Vietnamese Government.

The project is expected to complete within 27 months.

By Anh Thu, Phan Trung – Translated by Kim Khanh

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.