The Da Nang Investment Promotion Centre said that Viet Nam is seeing positive signs of a recovery in FDI inflows.  This seems mainly due to the shift in the investment trends of Japanese businesses into Viet Nam instead of into China, Thailand and other Asian countries.

Since the start of the year, the Da Nang authorities have granted investment licences for 35 new FDI projects, with a total registered capital of about 148 million USD.

In addition, 13 existing FDI projects have raised their investment capital by over 167 million USD.  Approval has also been given for 23 more to adjust their registered investment plans.

So far this year, 17 countries and territories worldwide have invested in the city.  Amongst them, Singapore takes the lead with its investments  accounting for 68.62% of Da Nang’s total FDI capital this year, followed by Japan and Thailand.

By the end of October, the city had attracted 278 valid FDI projects, with a total registered investment of over 3.3 billion USD and a capital disbursement of 1.67 billion USD.