United States is Vietnam’s Top Foreign Investor

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Jan. 6 – The United States is Vietnam’s top foreign investor for 2009 with a total capital investment of US$9.8 billion.

The Foreign Investment Department says that American investment accounted for 45.6 percent of Vietnam’s total foreign investment followed by Cayman Islands at more than US$2 billion.

U.S. investors poured investments in southern provinces of Dong Nai and Ba Ria-Vung Tau in addition to traditional investment destinations Hanoi and Ho Chi Minh City. According to VOV News,  U.S. investment to  country amounted to more than US$1.5 billion in 2008.