Danang attracts US$152 million in FDI

Of the total, more than USD107 million came from 24 newly licensed projects, while the rest was additional capital of 12 existing projects.

Processing and manufacturing industries attracted the largest amount of investment capital, USD86.1 million, accounting for 56.5 percent of the total. Real estate came in second with USD62.5 million.

Of the new projects, the most noteworthy are a USD40 million plant of the Japanese Tokyo Keiki Precision Technology Co., Ltd, a USD32 million project to build the Danang information technology zone invested by Roccky Lai & Associates of Panama, and a USD14 million beverage can plant invested by Singaporean Crown Packaging Investment Co., Ltd.

So far, 10 countries and territories have invested in Danang city.

With 12 projects worth more than USD61.7 million, Japan has ranked first among 10 countries and territories investing in Danang since early this year. It was followed by the Republic of Korea with 6 projects worth over USD17.7 million and Singapore, USD14.2 million.