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MPI: Vietnam Expects US$40 Bln FDI This Year
18 July 2008
Vietnam is expected to receive pledged foreign direct investment of US$40 billion this year to double last year&rsquos pledged figure, Vietnam News Agency cited the Ministry of Planning and Investment as saying.
With a series of projects being negotiated, Vietnam expects a total FDI capital of US$40 billion this year thanks to long-term economic prospects, Phan Huu Thang was quoted by the agency as noting.
In the first six months, Vietnam reported a pledged US$31.6 billion FDI, surpassing 48 per cent of 2007&rsquos figure with 55.4 per cent invested into industry and construction and 44 per cent in services, Thanh said.
The Asean country disbursed US$5 billion during the period.
Source: Vietnam Business Forum
Vietnam Railways
Address: 35 Le Loi Street, Quy Nhon City, Binh Dinh Province, Vietnam
Tel: (84-56) 818886, 818888, 818889, 824015 Fax: (84-56) 818887 Email: ipcbinhdinh@vnn.vn
Person in charge: Mr. Nguyen Thanh Hai, Director, IPC Binh Dinh