| Da Nang licenses FDI Projects worth USD 150M, up 9 folds-on year |
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5/27/2009 9:50:47 AM The central city of Danang has so far this year licensed nine foreign direct investment (FDI) projects capitalized at US$150 million, up nine folds on-year, said the municipal Department of Planning and Investments said. Currently, the central locality houses 155 FDI projects totaling US$2.66 billion with 40% of this disbursed. The U.K. is the biggest foreign investor in the city. FDI enterprises now account for 20%-25% of the province’s total industrial value, 30%-35% of its exports and contributed 17%-20% to the budget revenues. |
| VNBusinessNews |