Viet Nam expects record FDI this year

The initial estimate for total foreign direct investment (FDI) in Viet Nam in 2007 was approximately $11 billion, according to Thanh Nien Daily. However after $1.2 billion was committed in February alone, the new estimates for the year top $12 billion. The February figure marked an increase of 27 percent from last February.

Many of the countries looking to invest in Viet Nam are in the high-tech sectors and are planning on implementing projects that will bring in over $20 billion. This drastic increase in FDI has led the government to increase its estimate for the 2006-2010 period to a total of $55 billion in FDI.

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