US investment at 248 million USD in 11 months

American investors put 248 million USD into 38 projects in Vietnam over the past 11 months. 


That helped the United States rank 11th among 60 countries and territories that have invested in Vietnam during the period. 


The latest addition has helped the American registered investment capital in Vietnam to reach 10.92 billion USD, with an average of 15.35 million USD per project, business news website quoted statistics from the Ministry of Planning and Investment's Foreign Investment Agency as saying. 


During the reviewed period, it said that the hospitality, catering and restaurant sector attracted 4.67 billion USD, or equivalent to 42.8 percent of the total American investment capital in Vietnam. It was followed by the manufacturing and processing sector with 2.2 billion USD, or 20 percent of the total American registered capital, and the real estate trading industry with 2.05 billion USD, or 18 percent of the American capital. 


American investors have invested in 41 out of 63 cities and provinces nationwide. Among these localities, the southern Ba Ria -Vung Tau province was the most attractive investment destination for American businesses as they had 18 projects, worth 5.3 billion USD, there. The northern port city of Hai Phong ranked second, attracting 13 projects worth 1.2 billion USD, and the southern Binh Duong province came third, attracting 96 projects valued at 779 billion USD.-VNA