U.S. Becomes Largest Foreign Investor in Vietnam in Jan-February
The U.S. has topped among 82 foreign countries and territories directly investing in Vietnam so far this year with five projects valued at over US$1.3 billion, the government’s General Statistics Office (GSO) reported February 27.
The U.S. investment capital was almost all poured in Good Choice USA Company’s luxury tourism project worth US$1.29 billion in southern Ba Ria-Vung Tau province.
Following the U.S. was Japan and Singapore with US$637.4 million and US$317.6 million respectively.
The runners-up were British Virgin Island (US$614 million), Taiwan (US$50.7 million) and China (US$49.7) million.
Between January and February, the service sector attracted US$2.3 billion in foreign direct investment (FDI), or 93 per cent of the country’s total FDI in the period, followed by the industry sector.
Ba Ria-Vung Tau province led the country in luring FDI during the time with US$1.29 billion, followed by Ho Chi Minh City with US$610 million and central Thua Thien-Hue province with US$298.4 million.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, FDI disbursement reached around US$1 billion in the two-month phase, up 57 per cent on-year. (GSO, Youth)
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