Viet Nam attracted 3.51 billion USD in foreign investment in the first four months of this year, a two-fold increase from 2006.
Minister of Planning and Investment, Vo Hong Phuc, said that a further 20 billion USD in foreign invested projects are waiting for his ministry’s approval.
The Minister said that last year's entire foreign investment to the country amounted to 10.2 billion USD and that investment incentives and simplified administrative procedures were the primary reasons behind the surge in investment from overseas.
Viet Nam also exported nearly 4 billion USD worth of products in April, the highest monthly level so far this year, said the General Statistics Office.
The number brought the country’s total exports to over 14.5 billion USD for the first four months, up 22% over the same period last year.
Big movers in export fields included, crude oil and garments that generated revenues exceeding 2 billion USD and seafood products and footwear that totalled in excess of 1 billion USD.
In the first four months of this year, Viet Nam’s industrial valued surged 16.7% to nearly 176.9 trillion VND, with non-state, foreign-invested and state-owned sectors registered rises of 20.6%, 19.4% and 7.4%, respectively.
Source: VNA
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