Vietnam is estimated to attract foreign direct investment (FDI) of over 9.6 billion U.S. dollars in the first nine months of this year, up 38 percent over the same period last year, according to a local investment agency on Monday.
As many as 1,054 new foreign-invested projects worth nearly 8.3 billion dollars are expected to be licensed in the first nine months, and 274 existing projects are set to raise their combined capital by over 1.3 billion dollars, said the Foreign Investment Agency under the Ministry of Planning and Investment.
South Korea, with an investment of over 2.1 billion dollars, is the biggest among 47 foreign investors in Vietnam in the first nine months of this year, followed by Singapore with more than 1.3 billion dollars, and British Virgin Islands with 1.2 billion dollars, said the agency.
To lure more FDI, the Vietnamese government has asked localities and relevant agencies to announce the list of projects calling for FDI in the coming years, to intensify investment promotion designated for certain countries and multinationals, to develop auxiliary industries for manufacturing, assembling, textile, garment and footwear production, and to improve socioeconomic infrastructure.
Vietnam is expected to lure FDI of 13 billion dollars this year, up from 10.2 billion dollars last year, according to 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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