Business
October 25, 2005
Vietnam lures more foreign investment than targeted
Vietnam has so far this year attracted foreign direct investment (FDI) of 4.58 billion US dollars, surpassing its target of 4.2-4.5 billion dollars set for the whole year.
Most of the FDI in the 10-month period came from Luxembourg, South Korea, Hong Kong SAR, China's Taiwan and Japan, the Ministry of Planning and Investment said on Tuesday, adding that localities luring most of the FDI included capital city Hanoi, and two southern provinces of Dong Nai and Binh Duong.
Vietnam, which is expected to entice 5 billion dollars worth of FDI this year, is likely to lure 5.5 billion dollars next year, partly due to the stronger global FDI flow and wider opening market in the country, the ministry said.
As of Sept. 20, Vietnam housed 5,684 operational FDI projects with total registered capital of more than 48.6 billion dollars.
Source: Xinhua
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