Vietnam attracts more foreign investment

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VOV News English - 74 month(s) ago 21 readings

Vietnam attracts more foreign investment

(VOV) - As many as 52 countries and territories have invested in Vietnam so far this year.

Hong Kong remains the country’s biggest investor with total registered capital of over US$3 billion, followed by Japan (US$2.1 billion) and Singapore (US$1.6 billion).

Most foreign direct investment (FDI) capital has been poured into Hai Duong and Ba Ria-Vung Tau provinces and Hanoi and Ho Chi Minh City.

Do Nhat Hoang, Head of the Foreign Investment Agency, says FDI is an important resource for developing Vietnam as the country is currently restructuring its economy and cutting down on public investment.

The Government recently issued a resolution to amend a number of investment policies aiming to attract more foreign investment, and the Ministry of Planning and Investment is also supporting foreign businesses investing in Vietnam.

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