A total of US$28.5 billion worth of foreign direct investment projects have been approved so far this year, a 14.8 percent increased on a year earlier, VN Express is reporting.
Of note: When applying for an investment registration certificate foreign firms need to detail how much money they intend to invest in a project. This is what the aforementioned US$28.85 billion represents. That is not to say firms will necessarily invest any or all of these funds. It also makes sense for foreign firms to overestimate their capital needs on the grounds that if they run short of funds they must apply to add more funds.
