A production line of Keihin Co., Ltd. in Thang Long 2 Industrial Park, Hung Yen province (Photo: VNA) The Foreign Investment Agency under the Ministry of Industry and Trade reported that total newly-registered and adjusted capital, and shares purchased by foreign investors reached 29.11 billion USD in the first ten months of this year, up 4.3 percent year-on-year. The ministry said investment in the form of capital contribution and purchase of shares has sharply expanded over the past years, and made up an increasing portion of the accumulative foreign investment, climbing from 17.02 percent in 2017 to 27.78 percent in 2018 and 37.1 percent in the first ten months of this year. The disbursed capital of foreign direct investment (FDI) projects in Vietnam was estimated at 16.21 billion USD during the January-October period, a rise of 7.4 percent year-on-year. As of October 20, 2019, 3,094 projects had received investment licences, an increase of 25.9 percent as compared with the same period last year. The cumulative newly-registered capital was 12.83 billion USD, equivalent to 85.4 percent of the corresponding time last year. Among projects licensed in the ten-month period were a smart city in Hai Boi commune, Hanoi's outskirts district of… Read full this story
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