FDI inflow into Da Nang posts nearly $425Mln in Q1

Da Nang has granted licenses for nine new FDI (foreign direct investment) projects with a total pledged capital of nearly $237 million an seven existing FDI projects registered to raise investment capital

During the first quarter this year, the central coastal city of Da Nang has granted licenses for nine new FDI (foreign direct investment) projects with a total pledged capital of nearly $237 million an seven existing FDI projects registered to raise investment capital, Da Nang’s Investment Promotion Centre reported.

In comparison with the same period last year, the total FDI capital in Jan-Mar increased 4.9 times.

FDI projects mainly focused on service sector with five of nine new projects in accordance with the city’s economic structure under service-industry-agriculture orientation.

So far, the city has attracted 185 valid FDI projects capitalized at $3.1 billion.

The country’s total FDI capital in the first three months this year has reached $2.37 billion, down over 33 percent from the same period last year. However, the disbursed FDI capital in Q1 reached $2.54 billion, rising 1.6 percent year on year. – VNS

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2011, Vietnam investment