ASEAN invests in 2,632 projects in Vietnam

10:21 | 10/07/2015 Economy

By June 20, ASEAN countries poured US$54.6 billion into 2,632 projects in Vietnam, according the Ministry of Planning and Investment (MPI) Foreign Investment Agency (FIA).

ASEAN invests in 2,632 projects in Vietnam

Singapore led ASEAN investors in Vietnam with 1,428 projects worth US$32.2 billion, accounting for 60.8% of total registered investment. Malaysia came second with 499 projects capitalised at US$12.06 billion followed by Thailand with 392 projects at US$6.8 billion.

ASEAN investment was primarily focused on the manufacturing and processing industry, the real estate sector and construction.

The FIA said HCM City topped the 55 provinces and cities that ASEAN had invested in, with US$15.07 billion injected into 1,114 projects, trailed then by Hanoi 417 projects at US$8.58 billion and Ba Ria-Vung Tau 76 projects at US$6.19 billion).

In the first half of this year, Taiwanese businesses had injected US$297.41 million into 42 new projects and 21 operational ones.

By June, Taiwan run 2,429 valid projects in Vietnam with a combined registered capital of US$28.74 billion, ranking fourth among 103 foreign investors in Vietnam, after the Republic of Korea, Japan and Singapore.

Like other foreign investors, Taiwanese businesses mainly favored investment in the manufacturing and processing industry, real estate and construction industries./.

Source: VOV News