Mekong Delta Region lures US$ 7.21 bln in FDI

VGP – In 2014, the Mekong Delta region attracted US$ 7.21 in FDI, accounting for 35.9% of the country’s total amount, according to the Foreign Investment Agency (FIA).

December 29, 2014 5:16 PM GMT+7

This year, the region granted new investment licenses to 644 projects and permitted 283 others to expand their capital by US$ 7.21 billion.

The Mekong Delta Region was also the largest FDI absorber in 2014.

As of mid-December, the region was home to 9,764 valid FDI projects with a total registered capital of US$ 114.95 billion. It also accounted for 56% of the country’s total project number and 45.8% of registered capital.

Ho Chi Minh City took the lead by luring 5,196 projects valuing US$ 38 billion of registered capital; followed by Ba Ria-Vung Tau province and Dong Nai province.

Foreign investors chiefly focused on manufacturing and processing with 5,411 projects worth US$ 57.6 billion; real estate with 240 projects, US$ 27.18 billion.

So far, 86 foreign countries and territories have set foothold in the region.

Singapore was the largest FDI investor with 962 projects with a total registered capital of US$15.31 billion./.

By Khanh Phuong