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Vietnam disburses 950 million USD of FDI in October
Vietnam disbursed 950 million USD of FDI in October, higher than the 10-month period average level of 900 million USD per month, according to the Foreign Investment Agency of the Planning and Investment Ministry.
During the month, 39 projects worth 184 million USD were licensed while 57 valid projects registered a combined additional capital of 420 million USD.
According to the agency, Vietnam was struggling to fulfil its yearly target for FDI attraction of 22-25 billion USD, as it attracted 969 FDI projects with a combined registered capital of 12.8 billion USD in the first 10 months of 2010, a year-on-year decrease of 41.9 percenty.
Processing and manufacturing industries topped FDI attraction sectors with registered capital of 4.065 billion USD in the 10-month period, followed by production and electricity distribution with 2.943 billion USD and real estate, 2.854 billion USD.
During the period, the Netherlands topped 50 foreign countries and territories investing in Vietnam, registering 2.227 billion USD. It was followed by the Republic of Korea, the US and Japan.
The southern coastal province of Ba Ria-Vung Tau was the country’s largest FDI attractor of 2.37 billion USD.
The northern province of Quang Ninh ranked second with 2.2 billion USD and Ho Chi Minh City came third with over 1.8 billion USD.
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