Vietnam Foreign Investment Approaches $20B

Vietnam now expects to reach its 2009 goal of $20 billion in foreign direct investment this month after Quang Nam Province licenced US firms Tanoil Capital and Global C&D to build a $4 billion eco-tourism zone there and Malaysia’s Berjaya Group was licensed to build a $2 billion city in the southern Dong Nai Province.

That brings the total of pledged foreign capital for the year to $18.7 billion, and the central province of Phu Yen has promised to license the US Galileo Investment Group to build a $1.7 billion township.

These developments suggest a recovering global economy and confidence in Vietnam’s efforts to improve the business environment.

More on FDI in Vietnam


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s