Quang Nam attracts US$5.09 billion in FDI
Quang Nam attracts US$5.09 billion in FDI
The central province of Quang Nam has attracted US$5.09 billion in foreign direct investment (FDI) so far, ranking 13th among 63 cities and provinces nationwide, the Foreign Investment Agency said.
In 2014 alone, the province attracted $87 million in FDI with $72 million from 11 newly-licensed projects.
Real-estate trading was considered the most attractive sector by foreign investors, absorbing $4 billion or accounting for 80 per cent of the FDI registered in the province till date. It was followed by processing and manufacturing, with $515 million or 10 per cent and the restaurant and catering sector with $328 million or 6.5 per cent.
During the period, Singapore was the province's largest source of FDI, with more than $4 billion or 80 per cent of the province's total FDI.
