Vietnam investment grows 8.9%

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vietnamPledges for foreign direct investment (FDI) in Vietnam for the January-May 2013 period rose 8.9 per cent from a year earlier to $8.52 billion, the Ministry of Planning and Investment announced on May 28. Vietnam granted investment licenses to 398 new FDI projects and allowed 160 existing projects to expand their operations in the period.

Japan was the largest sourceĀ  for the period, followed by Singapore and Russia, the ministry said, adding that 89 per cent of the new pledges are for manufacturing projects and 4.5 per cent for property projects.

The largest projects include a $2 billion electronics complex by Samsung Electronics, a $1 billion bus factory by Russia’s Bus Industrial Center and a $240 million building material plant by Thailand’s Prime Group.

According to the ministry, Vietnam hopes to disburseup to $11 billion of FDI in 2013 compared with $10.46 billion in 2012.

Vietnam has been attracting a number of multinational companies in the past which are all upbeat on the growing purchasing power in the country.

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Reading Time: 1 minute

Pledges for foreign direct investment (FDI) in Vietnam for the January-May 2013 period rose 8.9 per cent from a year earlier to $8.52 billion, the Ministry of Planning and Investment announced on May 28. Vietnam granted investment licenses to 398 new FDI projects and allowed 160 existing projects to expand their operations in the period.

Reading Time: 1 minute

vietnamPledges for foreign direct investment (FDI) in Vietnam for the January-May 2013 period rose 8.9 per cent from a year earlier to $8.52 billion, the Ministry of Planning and Investment announced on May 28. Vietnam granted investment licenses to 398 new FDI projects and allowed 160 existing projects to expand their operations in the period.

Japan was the largest sourceĀ  for the period, followed by Singapore and Russia, the ministry said, adding that 89 per cent of the new pledges are for manufacturing projects and 4.5 per cent for property projects.

The largest projects include a $2 billion electronics complex by Samsung Electronics, a $1 billion bus factory by Russia’s Bus Industrial Center and a $240 million building material plant by Thailand’s Prime Group.

According to the ministry, Vietnam hopes to disburseup to $11 billion of FDI in 2013 compared with $10.46 billion in 2012.

Vietnam has been attracting a number of multinational companies in the past which are all upbeat on the growing purchasing power in the country.

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