10:21 | 19/11/2015 Investment
Canadian businesses had 155 valid investment projects worth $5 billion in Vietnam as of October 20, making the country the 13th-largest investor in Vietnam.
A view of The Grans Ho Tram Strip hotel. (Photo: asiancoastdevelopment.asia)
Canada investors have put $4.24 billion in four real estate projects in Vietnam to date, accounting for 2.58% of their number of projects and 84.61% of the total capital, the Foreign Investment Agency under the Ministry of Planning and Investment has said in a report.
The healthcare sector came second with $282.4 million, followed by the manufacturing and processing industry with $275.7 million.
Ba Ria-Vung Tau province, adjacent to Ho Chi Minh City, took the lead among localities in terms of Canadian investment, with four projects totaling $4.26 billion. The runners-up were Hai Duong with $307.1 million and Ho Chi Minh City with $95.7 million.
The $4.2-billion Grand Ho Tram Strip project, a luxury resort and recreational complex in Ba Ria-Vung Tau, which is being rolled out by Canada-based Asian Coast Development Ltd, is the biggest project implemented by a Canadian firm.
Other Canadian landmark projects include a hospital worth $260 million in the northern province of Hai Duong and a wind-to-power plan worth $74.4 million in the central province of Ninh Thuan./.