Vietnam attracts US $8.1 billion worth of FDI in five months

Tuesday, May 27, 2008
Vietnam has attracted a total of US $8.1 billion worth of foreign direct investment in the first five months of this year, according to the Ministry of Planning and Investment’s Department of Foreign Investment.

This include a total of nearly US $7.5 billion worth of investment from 130 newly-licensed FDI projects during the January-May period, plus US $600 million from 132 existing FDI projects that request to increase their investment capital.

Up to 83% of the total registered capital from the newly licensed projects is invested in the service sector. Southern Ba Ria-Vung Tau province took the top position in the country in terms of FDI attraction in the January-May period with a US $4.2 billion Ho Tram tourism and entertainment project invested by Canada’s ACDL Group