Overseas Vietnamese invest over $1b
Overseas Vietnamese invested in 213 projects worth a total $1.047 billion in Vietnam in the first 9 months of this year, said an official from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
New investments included 170 wholly-owned projects, 39 joint ventures, and 4 joint stock company projects and business cooperation contracts, said Nguyen Thi Bich Van, deputy head of FIA.
Incomplete statistics showed till the end of 2010, about 3,500 enterprises had been established or invested by overseas Vietnamese with a total registered capital of $11 billion.
The total amount of remittances sent to Vietnam in recent years has reached $7-8 billion per year, FIA said.
Overseas Vietnamese investors from the US invested most with 67 projects worth $285 million, followed by investors from Poland with 4 projects valued at $121 million.
Manufacturing and processing were most attractiveness to overseas Vietnamese investors, followed by accommodation and catering services, information and telecommunications, real estate, agriculture and forestry, seafood and construction.
Tuoi Tre - October 18, 2011