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Vietnam Attracts US$1.1 bln In FDI Yr-To-Date, Down 47 Pct

- PRNewswire -

HANOI - Foreign investors have been involved in 515 projects year-to-date, worth US$1.1 billion, up 30 per cent year-on-year in numbers but down 47 per cent in value, the Ministry of Planning and Investment (MPI) reported. Of the projects, two business cooperation contracts in oil and gas valued at US$30 million, a US$34.5-million sports shoe factory, and a US$30-million electronics component plant, stand out. MPI officials predicted the country would attract little FDI towards the end of 2002 despite its investment promotion efforts overseas, especially in western Europe, Japan, Taiwan and the United States.

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