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Home  >>  Daily News  >>  Vietnam News  >>  Investment  >>  US tops list of key investors in Vietnam in Jan-May 2009

6 June 2009

US tops list of key investors in Vietnam in Jan-May 2009

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The United States was the biggest investor in the country in the first five months this year, statistics from Vietnam's Ministry of Planning and Investment (MPI) indicated.

According to a report of the information center of Ministry of Industry and Trade, the United States poured $53.5 million into nine newly-approved projects in Vietnam in the first five months and the additional capital of 3.8 billion U.S. dollars to the ongoing projects. It was followed by the Republic of Korea, China's Hongkong and Singapore.

Vietnam approved 256 new FDI projects in the first five months with total registered capital of $2.7 billion, down 89.2 percent year-on-year. Vietnam posted a 76.3 percent year-on-year decrease in foreign direct investment to $6.66 billion in the first five months.

Other 40 existing projects received an additional capital of $3.96 billion, a 27.8 percent increase against the same period last year, said the Foreign Investment Department under the MPI.

Trade and services received the lion's share of the foreign direct investment with registered capital of $4.5 billion in the first five months this year.


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