23 provinces have no new FDI projects in first quarter

There were no new Foreign Direct Investment (FDI) projects being licensed in the first four months this year in 23 provinces and cities, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

Provinces failing to attract more FDI concentrate in the northern mountainous region such as Lang Son, Tuyen Quang, Dien Bien, Lao Cai, Cao Bang and Bac Kan.

Of the rest 40 provinces and cities, 15 attracted only one FDI project and many just lured 2-3 projects.

The southern province of Dong Nai received most FDI capital with US$916.75 million, accounting for 24.6 percent of the country’s total.

It was followed by Ho Chi Minh City with US$784.93 million accounting for 21.1 percent.

By T. Phuong – Translated by Hai Mien

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