VN attracts $21.48 billion in foreign direct investment

Vietnam attracted US$21.48 billion in foreign direct investment (FDI) in 2009, exceeding the year’s set target of $20 billion, said the Ministry of Planning and Investment. 

A factory of Japan's Canon in Bac Thang Long Industrial Park, Hanoi

This year, as many as 839 new projects were licensed, with a total registered investment capital of $16.34 billion. Additional FDI commitments for 215 ongoing projects totaled $5.13 billion.
 
Hotel and restaurant services received the most FDI commitments with $8.8 billion, followed by real estate with $7.6 billion.

Among 43 countries investing in Vietnam, the US committed the most with total registered capital of $9.8 billion, accounting for 45.6 percent of the country’s total FDI. The southern province of Ba Ria-Vung Tau took the lead in attracting FDI, followed by Quang Nam, Binh Duong, Dong Nai and Phu Yen provinces.

By Bao Minh – Translated by Hoang Yen

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