Ha Noi — Almost US$4.37 billion in foreign direct investment (FDI) was pumped into the Vietnamese economy in the first five months of the year, according to the Ministry of Planning and Investment’s statement yesterday.
Over $3.7 billion was funnelled into an additional 372 new projects, while the remaining $577 million was used as additional investments in previously licensed or operating businesses.
FDI investment capital recorded a 25 per cent increase over the same period last year, while the number of newly licensed initiatives surged by 32 per cent.
Analysts at the ministry’s Foreign Investment Agency said the majority of the investments headed to the southern coastal Ba Ria-Vung Tau Province, Thua Thien-Hue and the Cuu Long (Mekong) Delta’s Hau Giang Province.
Topping the list of major projects to get off the ground were a $527-million Indian steel mill in Ba Ria-Vung Tau Province, a $276-million resort in the Chan May economic zone in Thua Thien-Hue Province and a $220-million paper and pulp mill financed by Thailand’s Kraf Vina in southern Binh Duong Province. — VNS
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