Turkey ranks second among foreign investors in Vietnam

14:16 | 27/04/2015 Economy

Turkey abruptly became the second largest foreign investors in Vietnam for the first four months of this year as a result of its US$660 million investment project in southern Dong Nai province’s Nhon Trach industrial zone.

Turkey ranks second among foreign investors in Vietnam

Turkish-invested firm Hyosung Istanbul Tekstil in Nhon Trach IZ accounted for 17.7% of the total foreign direct investment (FDI) capital.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, the total new and supplementary FDI capital during the January-April period hit US$3.722 billion, down 23% from last year’s same period.

In the reviewed period, the number of newly-registered and additional FDI projects rose by 14.9% and 19.3%, respectively.

Particularly, 76% of the total FDI came from the processing and manufacturing sectors./.

Source VOV

Theo ven.vn