Vietnam is expected to attract foreign direct investment (FDI) of 13 billion U.S. dollars this year, up from 10.2 billion dollars last year, local newspaper Youth reported Friday.
The expected hike is attributed to FDI of 8.3 billion dollars poured into the country in the first eight months of 2007, a year- on-year rise of 40 percent, the paper quoted the Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment as reporting.
Vietnam is considering the licensing of some 50 foreign- invested projects with combined capital of over 50 billion dollars, said the agency.
By Aug. 22, Vietnam had attracted 7,826 FDI projects with total registered capital of nearly 71.5 billion dollars.
Source: Xinhua
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