Vietnam's foreign investment

Fri, 11 Sep 1998 | Source: DPA

HANOI (DPA): Vietnam approved foreign investment amounting to US$1.6 billion for the first eight months of 1998, according to official figures released Thursday.

The ministry of planning and investment listed a total of 171 projects licensed by Hanoi during the period with registered capital of 537 million dollars.

The ministry did not release comparative figures for the same period last year.

But the latest figures suggest a downturn in investment compared to 1997, when US$4.4 billion of new foreign direct investment (FDI) was licensed.

FDI would hit only $2.4 billion dollars for the year at the current rate of investment.

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