(VNECONOMY) Viet Nam drew over 1.7 billion USD of foreign direct investment (FDI) in January, almost five-fold increase over the same period last year, according to the Foreign Investment Department under the Ministry of Planning and Investment.
During the period, the country licensed 35 new FDI projects with a total registered capital of 1.65 billion USD, representing year-on-year 21 percent and 5.4-fold increases in the number of projects and value, respectively.
Meanwhile, 10 projects were allowed to add a total capital of 65 million USD.
Prominent projects include a 1.3 billion USD complex of five-star hotel and entertainment and culinary centres in southern Ba Ria-Vung Tau province by the US-based Good Choice Corporation and an over 298 million USD resort in central Thua Thien-Hue province by the Lap An Development and Investment Ltd. Co. of Singapore.
According to the Foreign Investment Department, the number of foreign investors flocking to Viet Nam to seek investment opportunities in localities continued increasing.
In 2008, the Department plans to set up investment promotion centres in key international markets such as Austria , France , Italy , Japan , the Republic of Korea , and the US in a move to woo more foreign investors to the country.