Updated at Thursday, 28 Jun 2018, 07:29 The Hanoitimes – Foreign direct investment (FDI) in Vietnam was back on track in June when the capital inflow doubled the total in the first five months of the year thanks to the licensing of some billion-dollar projects. Reports from the Foreign Investment Agency under the Ministry of Planning and Investment showed after receiving only US$9.9 billion of FDI registered capital in the first five months, down 18.4% year-on-year, Vietnam in June saw foreign investment to accelerate strongly, pushing the total inflow in the first half of the year to more than US$20 billion. The construction of the Southeast Asia’s largest smart city will be completed by 2028. The spike was resulted from the licensing of some big-ticket projects, including the US$4.1 billion smart city project invested by the joint venture between Japan-based trading company Sumitomo and Vietnam’s real estate developer BRG Group in Hanoi’s suburban district of Dong Anh. Under the joint venture’s plan, Southeast Asia’s largest smart city will be developed within five phases invested by five joint venture models with the total investment capital of $4.138 billion. In the first phase, the Sumitomo – BRG joint venture will pour… Read full this story
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