Foreign investment hits US$4.58bil

Foreign investment hits US$4.58bil

Foreign direct investment to Vietnam has reached US$4.58bil, exceeding the yearly target of $4.5bil, reports the Ministry of Planning and Investment’s Foreign Investment Department.

Luxembourg’s SA Coralis is the biggest investor with $655.9mil to develop a mobile phone network using CDMA technology and another to build a 65-storey building in Hanoi. Other large investors include the Republic of Korea, Hong Kong, Taiwan and Japan.

In the report, Hanoi attracted the largest foreign investment, followed by Dong Nai Province and Binh Duong Province.

(Source: Tuoi Tre)