Vietnam lures more FDI in first 4 months

HANOI, Apr 24, 2008 (Xinhua via COMTEX) -- -- Vietnam is estimated to lure foreign direct investment (FDI) of nearly 7.6 billion U.S. dollars in the first four months of this year, up 41 percent over the same period last year, local newspaper People reported Thursday.

As many as 210 foreign-invested projects worth over 7.2 billion dollars are estimated to be licensed in the first four months, and 64 existing projects are set to raise their combined capital by 371.4 million dollars, the newspaper quoted the Foreign Investment Agency under the Ministry of Planning and Investment as reporting.

Between January and April, British Virgin Islands was Vietnam's biggest foreign investor with registered capital of nearly 2.1 billion dollars, followed by the United States with over 1.3 billion dollars and Malaysia with 1.3 billion dollars.

In the period, the service sector attracted most of the FDI, at 6.5 billion dollars, mainly poured into real estate projects.

As of March 22, Vietnam had housed 8,753 foreign-invested projects worth nearly 87.6 billion dollars. It enticed FDI of 20.3 billion dollars in 2007, said the agency.

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