Vietnam certificates five billion US dollar projects in 2017

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Foreign direct investment (FDI) capital registered to Vietnam topped US$29.68 billion with the impressive return of billion US dollar projects, according to head of Foreign Investment Agency under the Ministry of Planning and Investment Do Nhat Hoang.

Three out of five billion dollar projects in 2017 are BOT projects in energy field

Three out of five billion dollar projects in 2017 are BOT projects in energy field

Specifically, five billion US dollar projects have received investment certificates this year, comprising three Build-Operate-Transfer (BOT) projects in energy field.
They include 1,200MW Nghi Son 2 thermal power plant with the total investment capital of $2.79 billion by Japanese investors in Thanh Hoa province; 1,320MW Van Phong 1 thermal power plant with $2.58 billion by Japanese investors in Khanh Hoa province and 1,109.4MW Nam Dinh 1 thermal power plant with $2.07 billion by Singaporean investors in Thai Binh province.
Samsung Group remains to be the largest investor in Vietnam this year. The group has supplemented $2.5 billion investment capital for Samsung Display project in Bac Ninh province and invested $1.27 billion in Block B-O Mon gas pipeline project in Kien Giang province.
Three out of the five billion dollar projects are in energy field but many projects in this field have been implemented slowly, agency experts noted.
Foreign investment capital registered to Vietnam reaches US$35.88 billion in 2017, the highest level for the last ten years, with disbursement rate hitting the highest ever level of $17.5 billion.
2008 is the peak of Vietnam’s FDI attraction with the total registered capital of $72 billion however many billion US dollar project licenses were also revoked that year.

By ANH PHUONG – Translated by Hai Mien

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