Vietnam reports rising foreign direct investment

After two years of declines, disbursement of foreign direct investment is rising in Vietnam, officials said Monday.

Foreign investors disbursed $4.5 billion from January through May, up 7.1 percent year-on-year, Le Hai Van of the Foreign Investment Agency said.

Recent foreign investments included the $2.1 billion- Mong Duong 2 thermal power plant, owned partly by the US’s American Electric Supply Inc., and a 1 billion-dollar steel plant backed by Japan’s Kobe Steel Company.

Vietnam also reported exports of 25.8 billion dollars in the first five months of 2010, up 13 percent over the same period last year. Imports rose to 31.1 billion dollars, up from $24 billion.

Earthtimes

Tags: invest in Vietnam, Vietnam FDI, Vietnam investment

Posted by VBN on Jun 2 2010. Filed under Investment, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry