Posted on 11/27/2006 1:04:13 PM PST by kiriath_jearim
Edited on 11/27/2006 1:12:33 PM PST by Admin Moderator. [history]
HANOI, Vietnam -- Foreign investment pledges in Vietnam are on pace to set a new annual record, surging by nearly 50 percent so far this year, officials said Monday.
As of Nov. 20, overseas companies have agreed to invest $8.27 billion in Vietnam, which is set to open up its economy after it joins the World Trade Organization next month. That's up 47.4 percent from the same period last year, thanks to major projects like Intel's $1 billion chip plant in Ho Chi Minh City.
(Excerpt) Read more at newsday.com ...
Looks like we won there after all...
Regards, Ivan
Yes I've heard that before, Ivan.
Tanks for the reminder, I always enjoy reading your posts.
A friend who recently visited China told me that Vietnam now holds the distinction of having cheaper labor.
I hope the investors get what they deserve.
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