Malaysia leads ASEAN investors in Vietnam

09:17 | 28/01/2016 Investment

Malaysia topped the list of ASEAN countries investing in Vietnam last year with newly registered capital of 2.47 billion USD, according to the Vietnamese Embassy in Malaysia’s Commercial Affairs Office.

Malaysia leads ASEAN investors in Vietnam

Thermal power plant Duyen Hai 1 (Photo:VNA)

The figure was largely thanks to the Duyen Hai 2 thermal power plant project in the Mekong Delta province of Tra Vinh worth 2.4 billion USD financed by the Malaysia -based Janakuasa Sdn. Bhd.

In 2015, Malaysia also came second in the list of 62 countries and territories investing in new projects and adding capital to existing ones, just after the Republic of Korea .

Fields that attracted the most projects from Malaysian investors included real estate, processing and manufacturing, and thermal power.

By the end of 2015, Malaysia poured 13.5 billion USD into 523 projects, ranking seventh out of 110 countries and territories investing in Vietnam.

According to the statistics released by the General Department of Vietnam Customs, two-way trade between Vietnam and Malaysia reached 7.8 billion USD last year, down 5.2 percent year-on-year.

Vietnam shipped commodities worth about 3.6 billion USD to Malaysia, down 8.8 percent, while importing about 4.2 billion USD of goods from the country, up 0.2 percent.

Source VNA