Vietnam to Rank Third in Foreign Investment Attraction (11/04)

According to the Ministry of Planning and Investment (MPI), Vietnam has attracted approximately US$3.5 billion foreign investment so far this year and is expected to earn US$4 billion by the year’s end.

There are several large projects with huge foreign investment such as the US$190 million project on footwear export in Dong Nai and the US$300 million project on new urban area development in Hanoi.

These projects have been submitted to the MPI for approval. If the US$4 billion figure is realistic, the country will secure the third place in the region in terms of foreign investment, just behind Singapore and Malaysia.

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