Switzerland pumps $1.9 billion into Viet Nam in 2014

Friday, Jan 23, 2015 08:00

Nestle Vietnam Ltd was established in 1995. The first Dong Nai Factory has been operational since 1998. In July this year, a new Nescafe factory opened in Amata Industrial Park in Dong Nai Province, bringing the group's total investment in Viet Nam to $466 million. — Photo saigontimes

HA NOI (Biz Hub) — Switzerland pumped US$1.94 billion into 101 projects in Viet Namlast year, ranking 18th among 101 countries and territories investing here, according to the Foreign Investment Agency.

The processing and manufacturing sector lured the lion's share of Swiss investment with $1.64 billion or 84 per cent of total registered capital. It was followed by electricity, agriculutre, ICT, real estate trading and retail.

Southern Kien Giang Province was the most popular destination for Swiss investors, gobbling $1.11 billion or 57 per cent of total capital. The southern province of Dong Nai came second with $470 million or 24 per cent. — VNS

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