During the reviewed period, Korea was the largest among 126 countries and territories investing in Vietnam in the first five months of 2018, with total registered capital of US59.46 billion (making 18.4% of total FDI). The second position belongs to Japan with US$50.6 billion (accounting for 15.7% of total FDI), followed by Singapore and Taiwan, Britishvirgin Islands, Hong Kong, respectively.
By May, 20 2018, foreign investors pour money in 19 among 21 sectors of Vietnam economy classification system. Specificaly, they have committed to pour US$9.9 billion in projects in Vietnam in the first five months this year, marking a year-on-year decline of 18.4%, government data has shown.
Manufacturing and processing is the most attractive sector to foreign investors, receiving commitments of US$198.13 billion and accounting for more than half of the total commitments (equivalent to 57.9%), according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
The real estate sector received the second largest chunk of investment with US$51.84 billion (equivalent to 16.1% of total FDI). Recorded in May, 2018, LG Innotek Hai Phong project, among other major foreign investment projects in Vietnam, adjusted the investment up by US$501 million.
By region, Ho Chi Minh City continued to be the largest recipient of FDI during the period with US$45.52 billion (accounting to 14.1%), followed by Binh Duong with US$30.8 billion or 9.5% and Hanoi with US$7.85 billion or 8.6%.
Illustrative photo
|
Manufacturing and processing is the most attractive sector to foreign investors, receiving commitments of US$198.13 billion and accounting for more than half of the total commitments (equivalent to 57.9%), according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
The real estate sector received the second largest chunk of investment with US$51.84 billion (equivalent to 16.1% of total FDI). Recorded in May, 2018, LG Innotek Hai Phong project, among other major foreign investment projects in Vietnam, adjusted the investment up by US$501 million.
By region, Ho Chi Minh City continued to be the largest recipient of FDI during the period with US$45.52 billion (accounting to 14.1%), followed by Binh Duong with US$30.8 billion or 9.5% and Hanoi with US$7.85 billion or 8.6%.
