By the end of June, investors in the ASEAN region poured 54.6 billion USD into 2,632 projects in Vietnam.
Singapore topped the Southeast Asian countries investing in Vietnam with 1,428 projects and a total investment of 32.2 billion USD, accounting for 60% of the total. Malaysia ranked second with 499 projects and 12.06 billion USD total capital. Thailand took third with 392 projects and 6.8 billion USD investment.
The Foreign Investment Agency said the average capital for a project invested by ASEAN investors in Vietnam was 20.7 million USD, higher than the average level of 13.9 million USD from other investors.
Foreign direct investment from the Southeast Asian countries were mainly focused on the manufacturing and processing industries with 1,009 projects and 22.2 billion USD registered capital, accounting for 40% of the total.
The property sector came second with 97 projects with 16.6 billion USD. The construction sector was ranked third with 175 projects worth 3.24 billion USD.
HCM City has attracted the maximum number of investors, with 1,144 projects worth 15.07 billion USD, accounting for 27.6% of the total investments.
Hanoi followed with 417 projects worth 8.58 billion USD, accounting for 15.7% of the total investments.
Ba Ria-Vung Tau ranked third with 67 projects worth 6.19 billion USD, accounting for 11.3% of the total investments.
The ASEAN region is currently transforming itself into a new stage of development, aiming to form an EU-style ASEAN Economic Community by the end of this year.
Singapore topped the Southeast Asian countries investing in Vietnam with 1,428 projects and a total investment of 32.2 billion USD, accounting for 60% of the total. Malaysia ranked second with 499 projects and 12.06 billion USD total capital. Thailand took third with 392 projects and 6.8 billion USD investment.
The Foreign Investment Agency said the average capital for a project invested by ASEAN investors in Vietnam was 20.7 million USD, higher than the average level of 13.9 million USD from other investors.
The VSIP project of Singaporean investor in Bac Ninh province
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The property sector came second with 97 projects with 16.6 billion USD. The construction sector was ranked third with 175 projects worth 3.24 billion USD.
HCM City has attracted the maximum number of investors, with 1,144 projects worth 15.07 billion USD, accounting for 27.6% of the total investments.
Hanoi followed with 417 projects worth 8.58 billion USD, accounting for 15.7% of the total investments.
Ba Ria-Vung Tau ranked third with 67 projects worth 6.19 billion USD, accounting for 11.3% of the total investments.
The ASEAN region is currently transforming itself into a new stage of development, aiming to form an EU-style ASEAN Economic Community by the end of this year.
