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Vietnam atForeign investment rises 8 persen in Novembertracted nearly US$1.7 billion in foreign direct investment (FDI) in November, up 8% from the same period the previous year, according to the Foreign Investment Agency.

However, FDI disbursement this month has only reached US$900 million, down 5% from a year earlier.

In the January-November period, FDI disbursement hit US$9.9 billion, down 1.5% year on year, while newly registered investment also fell 21.4% to US$12.18 billion compared to the first three quarters of 2011.

Manufacturing is still the most attractive sector with US$8.5 billion poured into this sector in the eleven-month period.

Japan is the largest investor in Vietnam with US$5.05 billion, accounting for 47% of total newly registered capital in the first eleven months, followed by Singapore and the Republic of Korea.

The southern province of Binh Duong is leading the race for attracting foreign investment with US$2.3 billion received during the January-November period, closely followed by Ho Chi Minh City with US$1.15 billion.

(Nhan Dan online)

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