FDI continues to flow in

Foreign investors poured two more billion USD into 68 new projects in Vietnam in October, bringing total FDI amount so far this year to 58.3 billion USD, according to the Ministry of Planning and Investment.

The total investment capital in 10 months saw a 6-fold rise over the same period last year, despite a decrease in project number which totalled 953, equal to 83.3 percent of the figure one year ago.

In October, the nation also permitted 22 projects to add a combined amount of more than 169 million USD.

FDI disbursement between January-October is estimated at 9.1 billion USD, a year-on-year increase of 38.3 percent.

Foreign-invested enterprises reported a total revenue of 40.6 billion USD in the reviewed period, a year-on-year increase of 29.6 percent. The sum included 19.9 billion USD from exports.

Those enterprises generated an additional 16,000 jobs in October, bringing the number of workers in the foreign-invested sector to more than 1.43 million, a year-on-year increase of 15.5 percent.

However, experts urge the government to exert more efforts to increase capital absorption, focusing on large projects licensed in 2006 and 2007.

VNA

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