Russian investment into Vietnam at record high

08:38 | 11/04/2015 Economy

Russian foreign direct investment (FDI) in Vietnam is at record levels with 106 separate investments totalling roughly US$1.95 billion, according to the latest statistics from the Foreign Investment Agency.

Russian investment into Vietnam at record high

Fuel, energy and metallurgy are the frontrunners with regard to FDI with six investment projects in the oil and gas sector at US$531.2 million.

The remaining investments are principally concentrated in the industrial manufacturing and processing industry.

Russia ranks 17th out of the 101 countries investing in the nation. It has invested in 24 of the 63 provinces and cities nationwide, with Binh Dinh province having attracted the largest portion.

Source  VNA