ASEAN KEY DESTINATIONS
(Hepza) was twice that of Foreign Direct Investment (FDI) in the first seven months of the year, the zone's management authority reports.
Domestic investors provided about US$235 million for 35 projects while their money for 19 existing projects added another $62 million. FDI was about $136.3 million for 27 projects.
Hepza Authority deputy director Nguyen Tan Phuoc explained: "The FDI decrease resulted from the global financial crisis and the authority's new investment policy which discourages labour-intensive projects that do not utilise technology."
But domestic enterprises had taken advantage of the opportunity to expand their investment and improve existing projects.
About $2.1billion has been injected into export processing and industrial zones
during the past five years. Of this, domestic investment has totalled $1.32 billion.
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