"In the first half of 2017, Vietnam continued to attract significant Foreign Direct Investment (FDI). FDI disbursement reached US$7.72 billion, up 6.5% YoY while registered FDI was US$19.22billion, increasing by 54.8%compared to the same period last year. Much of the increase in FDI was in the manufacturing sector, and as a result was driving industrial developments. In May, Hemaraj Land & Development from Thailand and Vietnam-based Cienco 4 secured approval for their US$1 billion joint venture industrial park, covering 3,200 hectares of land area, in Nghe An Province, northern Vietnam."