The Hanoitimes – The average investment capital of fresh projects in 2017 reached US$13.8 million per project, then decreased to US$5.87 million in 2018 and US$4 million in the first seven months of 2019, according to the Ministry of Planning and Investment (MPI). FDI commitments to Hanoi hit US$5.1 billion YTD Actual FDI in Vietnam up 6.63% to over US$11 billion in Jan-July Chinese FDI projects pose risks of outdated technologies: Expert Vietnam minister warns of FDI projects posing trade fraud risks Vietnam’s Pulitburo requires luring high-quality FDI Vietnam becomes more selective in FDI attraction: PM The size of FDI projects in Vietnam is getting smaller with a growing number of those worth just US$1 million, posing risks of outdated technologies being imported to the country, according to Nguyen Bich Lam, head of the General Statistics Office (GSO). Illustrative photo. This puts Vietnam at a situation of having to screen the quality of projects and not attracting investment at all costs, Lam stated. FDI commitments in the January – July period totaled US$20.2 billion, including both newly registered capital and capital contributed by foreign investors through stake acquisitions, down 13.45% year-on-year. During the period, 2,064 fresh projects were approved… Read full this story
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