15:13 | 18/05/2015 Investment
Vietnam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
As of April 20, ASEAN countries had invested in 2,600 projects in Vietnam, which were capitalised at US$54.43 billion, the FIA said, adding that the average investment capital per project was US$20.9 million.
Singapore took the lead with investments in 1,408 projects worth US$33.14 billion, or 60.8 % of the total. Malaysia was next with 494 projects valued at US$11.9 billion, or 22 %, while Thailand ranked third with 389 projects worth US$6.8 billion, or 12.4 %.
During the reviewed period, the processing and manufacturing sector lured the majority of ASEAN investment with 1,001 projects capitalised at US$22.14 billion, or 40.6 % of the bloc's total FDI registered in the country. This was followed by the real estate industry with 97 projects worth US$16.6 billion or 30.5 %, and the construction sector with 174 projects worth US$3.23 billion or 5.9 %.
Further, the ASEAN community invested in 56 cities and provinces. HCM City placed first in attracting ASEAN investments with 1,122 projects with capital totaling US$15.04 billion, followed by Hanoi with 413 projects worth US$8.55 billion and Ba Ria-Vung Tau Province with 67 projects worth US$6.19 billion.
Source VOV News