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New FDI capital hits US$10.79 billion in 8 months |
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Thursday, 26 August 2010 |
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So far this year Vietnam has licensed 658 new foreign direct investment (FDI) projects capitalized at US$10.79 billion, down 10 percent in the number of projects and up 41 percent in value over against the same period last year.
In August alone, 125 FDI projects worth US$2.5 billion were approved, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
Existing FDI projects have registered to increase their capital by nearly US$800 million in 8 months. As a result, Vietnam has attracted a total of US$11.6 billion in the reviewed period, down by 12.3 percent from a year ago and meeting half the target of US$22-25 billion set for this year.
Notably, FDI disbursement increased by US$850 million in August, bringing total FDI disbursed so far to US$7.25 billion, 3.6 percent more than in the same period.
The FDI sector posted nearly US$23.964 billion in export turnover in the past eight months, a year-on year increase of 26.6 percent and US$22.37 billion in import turnover, up 43.6 percent.
(Source: VOVNEWS)
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