Central region tops FDI attraction list
(VOV) - The north central and central coastal provinces took the lead in attracting foreign direct investment (FDI) in the first four of this year.
According to the Foreign Investment Agency (FIA), Vietnam has attracted more than US$8.2 billion in FDI capital in the reviewed period, a year-on-year increase of 17 percent.
Notably, FDI has shifted from the Red River and Southeastern regions to the north-central and coastal central region, with the total capital pouring in the central and coastal central region increasing by 15 times over the same period last year.
The high value was largely contributed by Japan’s US$2.8 billion Nghi Son oil refinery project in Thanh Hoa province and Russia’s US$1 billion bus assembly plant project in BinhDinh province.
Experts believe that incentives for infrastructure construction and local and overseas investment promotions are the main factors in luring FDI to the central region.