Thursday, August 09, 2007

BVI Ranks Third with $1.43 billion FDI in Vietnam

The Foreign Investment Agency of Vietnam informed that in the first seven months of the year the country has attracted over US$7.47 billion in foreign direct investment (FDI) – the 50% increase compared to the same period of the last year.

There are 39 countries and territories making direct investments in the economy of Vietnam. The British Virgin Islands rank the third by the amount of FDI, having 13.4% of the total with over $1.43 billion invested. During long period, BVI is among the top investment sources in the economy of HCM City. This year's results confirm strong positions of BVI among FDI sources in Vietnam's economy.

The first two places in the rank of investors belong to the country's neigbours. South Korea with over $1.43 billion makes up 22.5% of the total amount, Singapore has another 20.6%, with $1.32 billion of foreign direct investments.

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