Danang attracts US$152 million in FDI

The central city of Danang has attracted over USD152 million in foreign direct investment (FDI) in the first nine months of the year.

Of the total, more than US$107 million came from 24 newly licensed projects, while the rest was additional capital of 12 existing projects.

Processing and manufacturing industries attracted the largest amount of investment capital, US$86.1 million, accounting for 56.5 percent of the total. Real estate came in second with US$062.5 million.

Of the new projects, the most noteworthy are a US$40 million plant of the Japanese Tokyo Keiki Precision Technology Co., Ltd, a US$32 million project to build the Danang information technology zone invested by Roccky Lai & Associates of Panama, and a US$14 million beverage can plant invested by Singaporean Crown Packaging Investment Co., Ltd.

So far, 10 countries and territories have invested in Danang city.

With 12 projects worth more than US$61.7 million, Japan has ranked first among 10 countries and territories investing in Danang since early this year. It was followed by the Republic of Korea with 6 projects worth over US$17.7 million and Singapore, US$14.2 million.