FDI in Vietnam down 26%<\/p>\n
HANOI: Vietnam attracted just US$394 million' of foreign
\ninvestment in the first five months of 2002, marking a year-on-
\nyear decline of 26 percent, the General Office of Statistic (GOS)
\nsaid Wednesday.<\/p>\n
\"With 209 projects licensed, the number of projects was up but
\nthe capital inflow fell down,\" a GOS official said.<\/p>\n
Eighty-two percent or about $322 million the total flowed into
\nthe industrial and construction sectors and nearly 80 percent of
\nthe projects located in the commercial hub of Ho Chi Minh city
\nand southern satellite provinces of Binh Duong and Dong Nai, the
\nofficial said.<\/p>\n
South Korea was ranked first among the investors with 52
\nprojects capitalized at $108 million, and Taiwan was the second
\nwith $80 million, followed by Japan and Malaysia.<\/p>\n
\"It shows that Vietnam is still only attractive to Asian
\ninvestors while the United States, ranked 10 in the list and
\nEuropean investors are still onlookers,\" he added. -- AFP<\/p>",
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