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

by 5m Editor
29 September 2006, at 1:00am

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. &quot;This is a record for Vietnam, thanks to our efforts to streamline investment regulations,&quot; said the official at the Foreign Investment Agency, under the Ministry of Planning and Investment. &quot;So far we have met 80% of the total target of attracting $6.5 billion in new investment for this year,&quot; 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. <i>Source: EasyBourse</i>

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