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||28 December 2009
Vietnam draws $21bn in FDI in 2009
Vietnam attracted $21.48 billion in foreign direct investment (FDI) in 2009, according to the Foreign Investment Department under the Ministry of Planning and Investment, VNBusinessNews.com reported.
Although the figure only accounted for 30 percent of last year’s total FDI, it was considered a positive result in 2009, surpassing the year’s set target of $20 billion.
This year, nearly 840 new projects were licensed, with a total registered investment capital of $16.34 billion. Additional investment for on-going projects reached $5.13 billion.
Among the 43 countries investing in Vietnam, the US was the largest, accounting for more than 45 percent of the country’s total FDI. The southern province of Ba Ria-Vung Tau took the lead in attracting FDI, followed by Quang Nam, Binh Duong, Dong Nai and Phu Yen provinces.
FDI disbursement was also high, reaching approximately $10 billion in 2009, equivalent to 87 percent compared to the previous year.
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