Export from Foreign Invested Businesses Up

NhanDan July 4, 1999 - Exports from foreign invested businesses in the first half of 1999 were 9% and revenue 22% higher than last year, according to statistics released by the Ministry of Planning and Investment (MPI).

MPI figures indicated a slight decline in the amount of investment capital being realised, reaching only 75% of the planned amount while registered capital occupied 60% as compared to the first six months of 1998. New investment capital and capital increase from existing projects accounted for only 60% of the same period last year.

The figure showed a drop of 17% in budgetary contributions from foreign invested businesses.