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Investment

FDI for education falls short of expectations

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Jan 21, 2015 / 05:00 PM

As of December 2014, foreign direct investment (FDI) in the public education sector of the nation has fallen far short of expectations, the Foreign Investment Agency (FIA) has announced.

The sector attracted investment of only US$825.5 million in 204 projects nationwide, which represents an average of roughly US$4 million and is an inconsequential 0.33% of the nation’s total investment.

The government had been banking on an average investment per project of US$14.3 million the FIA said adding, that of the country’s 18 sectors, education ranked near the bottom in the 16th position.

Most of the projects have been located in the larger metropolitan areas including 70 projects in Hanoi with FDI of US$328 million, Ho Chi Minh City (97 projects at US$263 million) and Danang (8 projects at US$157 million).

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