Vietnam is considering the licensing of some 50 foreign-invested projects with combined capital of over 50 billion U.S. dollars, local newspaper Young People reported Tuesday.
The biggest project is a coal-fired power plant with capacity of 2,640 MW with Japanese investment of 3.5 billion U.S. dollars in central Khanh Hoa province, the paper quoted the Vietnamese Ministry of Planning and Investment as reporting.
Most of the projects' investors come from Japan, China's Taiwan, South Korea, and India, said the ministry.
Vietnam lured foreign direct investment (FDI) of over 8.3 billion U.S. dollars in the first eight months of this year, up 40 percent over the same period last year, according to the ministry.
The country is expected to lure FDI of 12 billion dollars this year, up from 10.2 billion dollars last year. By Aug. 22, it had attracted 7,826 FDI projects with total registered capital of nearly 71.5 billion dollars.
Source: Xinhua
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