US$1.73 bln poured in Northwest in 2014

14:32 | 09/01/2015

VGP – The Northwest attracted US$1.73 billion in 106 Foreign Direct Investment (FDI) projects in 2014, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

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The manufacturing and processing sector led in attracting the FDI with US$900.5 million in 68 projects, accounting for more than 78% of the total investment. It was followed by the mining and entertainment sectors with US$151.5 million and US$86 million, accounting for 27.5% and 5%, respectively.

As many as 18 nations and territories have poured investment in provinces in the Northwest. China ranked first with US$890 million in 40 projects, accounting for 51.4%. Japan and Australia took the second and third positions with US$147.8 million and US$136 million, respectively.  

Among six provinces in the Northwest, Lao Cai Province topped the list in attracting foreign investment with a registered capital of US$875 million in 35 projects, accounting for 50.5%.

The Northwest consists of six provinces of Dien Bien, Hoa Binh, Lai Chau, Son La, Lao Cai and Yen Bai.

By Thuy Dung