Thursday, June 26, 2014

Foreign investment of US$700 million pours into property market — TalkVietnam

Foreign investment of US$700 million pours into property market

(VOV) – Newly registered foreign investment surpassed US$692.3 million in the first half of the year, an astonishing jump of US$270 million over the comparable period last year, according to the Foreign Investment Agency (FIA).

The FIA reports the industrial processing and manufacturing sectors attracted the lion’s share of investment capital with 326 new projects with additionally increased capital of US$4.8 billion, comprising 70.2% of the total foreign investment registered in the nation for the six month period.

The construction sector ranked second with combined newly registered and supplementary capital of US$465.4 million.

Cumulatively, as of the end of the June 2014 reporting period, total foreign direct investment in the nation stood at US$6.85 billion, of which US$5.75 billion has been disbursed.

Foreign-invested businesses have invested in 43 cities and provinces nationwide in the first six months of the year. Ho Chi Minh City led the pack, attracting US$886.3 million in FDI.

Currently, 41 countries and territories are investing in Vietnam. The Republic of Korea tops the list at US$1.55 billion, making up 22.6% of total investment into Vietnam, followed by Hong Kong (China) and Japan
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