Vietnam Jan-Sep FDI Pledges Up 26% At $5.15 Billion - Official

VIETNAM - Newly pledged foreign direct investment in Vietnam is estimated to have risen 26% on year in the first nine months of the year to $5.15 billion, a government official said Friday.

"This is a record for Vietnam, thanks to our efforts to streamline investment regulations," said the official at the Foreign Investment Agency, under the Ministry of Planning and Investment.

"So far we have met 80% of the total target of attracting $6.5 billion in new investment for this year," the official told Dow Jones Newswires.

Among the newly licensed projects, 407, worth a combined $2.98 billion, were in the industrial and construction sectors. Another 138 valued at $808 million were in the services sector, while the rest were in agriculture and aquaculture.

Source: EasyBourse