Monday, February 16, 2015

BVI Ranks First Among FDI Investors in Vietnam

Foreign Investment Agency in Vietnam informed that in January 2015 the country has attracted more than US$663 million in FDI, which is 67 per cent higher than in the same period of 2014. The British Virgin Islands is number one investor in the economy of the country, its US$331.32 million making half of the total amount. In January, the BVI launched a luxury clothing production project worth US$300 million.  Other leaders among 15 countries that invested in Vietnam in this month are South Korea, with US$110,25 million, and Hong Kong, with US$105.5 million.

Main spheres for FDI in January are process engineering, wholesale and retail, as well as water and electricity production and distribution. As of January 20, US$505 million of FDI were invested in Vietnam. In 2014, the country attracted US$20 billion.

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