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Vietnam foreign investment up by 20 pct

Foreign direct investment has risen by nearly 20 percent year-on-year in the first seven months to US$11.9 billion.

New projects were slightly down in number but saw 10 percent more investment at $7 billion.

Manufacturing and processing remained the sector attracting the largest investment, accounting for 87.6 percent of the money.

Property attracted the second largest amount of $580.8 million.

Of 46 countries and territories with investments in Vietnam, Japan remained the largest with $4.1 billion, followed by Singapore and Russia.

The government targets full-year FDI of $13-14 billion, a figure analysts say is likely to be met or even exceeded.



Source: thanhniennews.com

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