Business
ASEAN investors specially interested in Vietnam's processing industry
Investors from ASEAN member countries have poured as much as US$27.68 billion into 1,176 projects in the Vietnamese processing and manufacturing industry, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
At present, the processing and manufacturing industry in Vietnam has become very attractive to investors from the Association of Southeast Asian Nations (ASEAN).
Currently, ASEAN investors have invested as much as US$27.68 billion in 1,176 projects in the field, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
As of July 20, Vietnam had 3,040 valid investment projects from ASEAN capitalised at over US$64.47 billion.
In the first seven months of 2016, Vietnam attracted 181 new projects and recorded 79 existing ones from the bloc increase capital, worth US$2.49 billion, accounting for 19.26% of the nation’s total investment.
Beside the processing and manufacturing sector, ASEAN investors are interested in real estate, electricity production and distribution, and construction.
Singapore now leads the association in investing in Vietnam with 1,663 projects worth US$38.1 billion, followed by Malaysia (US$13.8 billion) and Thailand (US$9.4 billion).
The Ministry of Planning and Investment praised investment projects from ASEAN businesses, especially those from Singapore.
Singapore and Thailand have continuously increased investment in Vietnam in the recent years.
According to the Ministry of Planning and Investment, Singaporean enterprises observe Vietnamese law and projects implemented at the Vietnam - Singapore Industrial Park (VSIP) are significant to development.
Attractive destinations for ASEAN investors are HCM City, Hanoi, and southern Binh Duong and Dong Nai provinces thanks to good infrastructure.
Particularly, HCM City and Hanoi ranked the top, luring US$17.33 billion and US$8.39 billion respectively from ASEAN investors, making up 26.8% and 13% of the bloc’s total investment in Vietnam.
Currently, ASEAN investors have invested as much as US$27.68 billion in 1,176 projects in the field, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Illustrative image
|
In the first seven months of 2016, Vietnam attracted 181 new projects and recorded 79 existing ones from the bloc increase capital, worth US$2.49 billion, accounting for 19.26% of the nation’s total investment.
Beside the processing and manufacturing sector, ASEAN investors are interested in real estate, electricity production and distribution, and construction.
Singapore now leads the association in investing in Vietnam with 1,663 projects worth US$38.1 billion, followed by Malaysia (US$13.8 billion) and Thailand (US$9.4 billion).
The Ministry of Planning and Investment praised investment projects from ASEAN businesses, especially those from Singapore.
Singapore and Thailand have continuously increased investment in Vietnam in the recent years.
According to the Ministry of Planning and Investment, Singaporean enterprises observe Vietnamese law and projects implemented at the Vietnam - Singapore Industrial Park (VSIP) are significant to development.
Attractive destinations for ASEAN investors are HCM City, Hanoi, and southern Binh Duong and Dong Nai provinces thanks to good infrastructure.
At one of the Vietnam - Singapore Industrial Parks (VSIP)
|
