US investment at $248m in 11 months

Friday, Dec 05, 2014 08:20

Children eat at a restaurant of American fast food brand KFC. American investors poured $248 million into Viet Nam in the first 11 months of this year. — VNS Photo Doan Tung

HA NOI — American investors put US$248 million into 38 projects in Viet Nam over the past 11 months.

That helped the United States rank 11th among 60 countries and territories that have invested in Viet Nam during the period.

The latest addition has helped the American registered investment capital in Viet Nam to reach $10.92 billion, with an average of $15.35 million per project, business news website quoted statistics from the Ministry of Planning and Investment's Foreign Investment Agency as saying.

During the reviewed period, it said that the hospitality, catering and restaurant sector attracted $4.67 billion, or equivalent to 42.8 per cent of the total American investment capital in Viet Nam. It was followed by the manufacturing and processing sector with $2.2 billion, or 20 per cent of the total American registered capital, and the real estate trading industry with $2.05 billion, or 18 per cent of the American capital.

American investors have invested in 41 out of 63 cities and provinces nationwide. Among these localities, the southern Ba Ria -Vung Tau province was the most attractive investment destination for American businesses as they had 18 projects, worth $5.3 billion, there. The northern port city of Hai Phong ranked second, attracting 13 projects worth $1.2 billion, and the southern Binh Duong Province came third, attracting 96 projects valued at $779 billion. — VNS

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