This year Vietnam targets to attract USD 20 billion of committed FDI and actualise USD 9 billion. Particularly, the department said, during the first eight months of 2009, 504 new FDI projects were licensed with total registered capital size of USD 5.625 billion, equalling to 10.8 percent of the same period of 2008.
 

Temporary residence and restaurant service is attracting much attention of foreign investors. In Jan-Aug, over USD 4.566 billion of newly licensed FDI capital was pumped into the field while extra USD 1.875 billion of FDI was registered in real estate business.

 In the period, Ba Ria Vung Tau provincial government licensed a USD 1.148 billion steel project of Taiwan’s China Steel Corp and Japan’s Sumitomo Metal.
 

There were 35 nations and territories registering projects in Vietnam. The biggest investor is US with USD 3.956 billion, Taiwan USD 1.353 billion, and British Virgin Islands USD 1.247 billion.
 

Ba Ria Vung Tau is a favourite location attracting the most FDI with USD 6.485 billion newly registered and increased capital, followed by HCM City, Binh Duong, Hanoi and Dong Nai with USD 1.04 billion, USD 755 million, USD 367 million and USD 281 million respectively.