Vietnam Central City Q1 FDI Up 9 Folds
Vietnam’s central city of Danang had licensed nine foreign direct investment (FDI) projects totaling US$149.6 million in the first quarter, up 9.4 times on-year, according to the municipal Investment Promotion Center.
In the period, the city granted business registration certificates for 517 new companies worth a total investment capital of VND762 billion.
Among those, limited companies accounted for 325, joint stock firms 105 and the rest is private ones.
Last year, the city attracted 22 FDI projects valued at US$804.3 million.
To date, Danang has 150 FDI projects capitalized at some US$2.7 billion and the UK is the biggest foreign investor in the city. (Investment & Finance)
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