Malaysia tops ASEAN investors in Vietnam in eleven months

11:26 | 17/12/2015 Investment

Malaysian remains the largest regional investors in Vietnam in the 11 months through November.

Malaysia tops ASEAN investors in Vietnam in eleven months

Photo: Foreign Investment Agency

As many as seven of the 10 countries in the Southeast Asian region made investments worth a total of $3.97 billion in Vietnam between January and November this year, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Malaysia topped the list with 22 newly-licensed projects worth $2.44 billion and 16 operational projects raising their capital by $91 million. Singapore followed with $1.03 billion and Thailand with $264.5 million.

The agency said that ASEAN investments in Vietnam remain under the potential given their geographic proximity and cultural similarities. The ASEAN Economic Community, which will come into existence at the end of this month, is expected to attract larger investments into Vietnam.

As of end-October 2015, ASEAN countries had 2,629 valid investment projects with a combined capital of $56.55 billion in Vietnam. Singapore has taken the lead with 1,469 projects worth $33.9 billion, followed by Malaysia with $13.36 billion and Thailand with $7.03 billion, according to the FIA./.