Vietnam Attracts US$44.5 Billion Worth of Investments

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July 30 – For the first seven months of the year, Vietnam was able to attract 654 projects foreign direct investment projects worth an estimated US$44.5 billion.

The month of July reported 167 foreign direct investment projects worth US$13.6 billion.

The Department of Foreign Investment said the largest for the year thus far is the US$4.3 billion investment made by Brunei’s New City Group to develop an urban area in Phu Yen province. Two other huge project is the US$3.8 billion oil refinery in Ba Ria-Vung Tau province and a US$3.5 billion university facility in Ho Chi Minh city to be built by Malaysia’s Berjaya Leisure Company.

The top foreign investors in the country are as follows: Taiwan (US$8.4 billion), Japan (US$7.2 billion), Malaysia (US$5.07 billion), Brunei (US$4.3 billion), Canada (US$4.2 billion) and Singapore (US$4.02 billion).

So far, foreign-invested enterprises have been able to employ 16,000 employees, an increase of 15.2 percent.