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Published on December 26, 2007

Phan Huu Thang, head of the foreign investment department of the Ministry of Planning and Investment, said this was the largest amount raked in since the country implemented the Foreign Investment Law in 1988.

Thang's announcement followed government approval this month for a series of billion-dollar projects, including three in Hanoi, Bac Ninh and Halong.

In the capital Hanoi, Malaysia's largest real-estate and infrastructure-development group, Gamuda, is set to build the $2-billion Yen So Park.

In terms of foreign investors, still leading the 81 countries and territories that invest in Vietnam is South Korea with 1,655 projects worth $11.5 billion. This accounts for 22.7 per cent of the country's projects and more than 16 per cent of its investment capital.

India is also in the top 10, ahead of investors from Southeast Asia.

In mid-December, construction began on the three multibillion-dollar projects. 

 Vietnam News/ ANN