FDI exceeds US$10 billion in seven months

More than US$10 billion in foreign direct investment (FDI) capital poured into Vietnam in the past seven months, equal to only 18.8 percent of FDI received a year ago.

The Overseas Investment Agency says that US$4.6 billion of the figure was implemented capital.

Many big foreign companies, including La Vie, DHL, TNT, Prudential and Metro, increased their investment capital to expand production. Winvest Investment Company raised capital from US$300 million to US$4.1 billion for the Sai Gon Atlantis entertainment complex in Ba Ria-Vung Tau province.

*** At a meeting in Ho Chi Minh City on July 27, Deputy Minister of Industry and Trade Nguyen Thanh Bien said that Vietnam is expected to earn around US$29 billion from exports in the five remaining months of this year because the global economy is showing signs of recovery and export markets are also picking up.

The export total in the first seven months reached an estimated US$32 billion, down 13.4 percent compared to the same period last year. However, this decrease was less than in many other countries.

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