Friday, December 31, 2004

Foreign investment capital reported

Vietnam attracted over $4 billion in foreign investment capital in 2004, an increase of 35% over 2003 and the highest in seven years, according to the Ministry of Planning and Investment (MPI).

Of that amount, $2.9 billion was disbursed, $300 million over last year. Major investment projects include the Dutch-invested Hoya Vietnam project ($145 million), which will produce glass layers for digital discs; Canon Vietnam (100m US dollars), Nghi Son cement plant (248m US dollars), Hai Phong cement plant (161.7m), Sun Steel plant (147m US dollars) and Saigon Mas (100m US dollars). Industrial and construction projects made up 75 per cent of the total increased capital. (Voice of Vietnam Dec. 26, BBC Monitoring Dec. 27).


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