Business
Vietnam draws nearly 57 billion USD from investment of ASEAN countries
So far, eight ASEAN countries, including Singapore, Malaysia, Thailand, Brunei, Indonesia, the Philippines, Laos, and Cambodia have been running 2,681 investment projects worth 56.32 billion USD in Vietnam, accounting for over 20% of total registered capital in the country.
According to the Ministry of Planning and Investment, ASEAN investors have poured their capital into 18 out of the 21 sectors in the national economy.
The ASEAN's investment capital in Vietnam was mainly focused on the processing and manufacturing industry with 1,020 projects worth over 22 billion USD, accounting for nearly 38% of projects and more than 39% of the bloc's investment.
The runner-up in attracting ASEAN' investment was the real estate industry with 104 projects and a total investment of 16.9 billion USD, accounting for 29.7% of total investment capital.
The third place was the construction sector with 175 projects and a total investment of 3.34 billion USD, accounting for 5.8% of total investment capital.
ASEAN investors are present in 57 out of the 63 cities and provinces, mainly concentrated in the provinces, cities where are the most dynamic economic development regions with favourable infrastructures such as cities of HCM City, Hanoi, and provinces of Ba Ria-Vung Tau, Binh Duong and Dong Nai.
With 11,576 projects worth 14.45 billion USD in investment capital, HCM City ranked the first in attracting projects of ASEAN, accounting for 25.4% of the bloc's total registered capital in Vietnam.
Hanoi gained the second in the top of most attractive areas with 425 projects worth 7.6 billion USD in investment capital, accounting for 13.4% of total registered capital. Third place was Ba Ria-Vung Tau province with 68 projects and poured 6.38 billion USD, accounting for 11.2% of total registered capital.
Singapore is leading ASEAN nations in the field with 1,469 projects worth 33.92 billion USD, accounting for 54.3% of total projects and 59.6% of ASEAN's investment in Vietnam.
The Singapore's investment projects have been implemented effectively, contributing significantly to job creation, export and economic growth of Vietnam, especially the Vietnam – Singapore Industrial Park (VSIP). At present, Vietnam is home to seven VSIP industrial parks in six localities: Binh Duong, Bac Ninh, Hai Phong, Quang Ngai, Hai Duong and Nghe An.
The average capital of an FDI project from ASEAN is about 20 million USD, higher than that from other countries (14 million USD).
Malaysia ranked the second in the largest investors in Vietnam with 510 projects worth 13.35 billion USD in investment, accounting for 18.8% of projects and 23.49% of the bloc's investment.
The Foreign Investment Agency under the Ministry of Planning and Investment said the prospects for Vietnam to draw FDI from ASEAN countries are enormous.
Vietnam has diversified bilateral cooperation in various fields and its trade relations with other members are growing, the agency added.
The ASEAN's investment capital in Vietnam was mainly focused on the processing and manufacturing industry with 1,020 projects worth over 22 billion USD, accounting for nearly 38% of projects and more than 39% of the bloc's investment.
The runner-up in attracting ASEAN' investment was the real estate industry with 104 projects and a total investment of 16.9 billion USD, accounting for 29.7% of total investment capital.
The third place was the construction sector with 175 projects and a total investment of 3.34 billion USD, accounting for 5.8% of total investment capital.
Currently, Vietnam is home to seven Vietnam – Singapore Industrial Park industrial parks in six localities: Binh Duong, Bac Ninh, Hai Phong, Quang Ngai, Hai Duong and Nghe An.
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With 11,576 projects worth 14.45 billion USD in investment capital, HCM City ranked the first in attracting projects of ASEAN, accounting for 25.4% of the bloc's total registered capital in Vietnam.
Hanoi gained the second in the top of most attractive areas with 425 projects worth 7.6 billion USD in investment capital, accounting for 13.4% of total registered capital. Third place was Ba Ria-Vung Tau province with 68 projects and poured 6.38 billion USD, accounting for 11.2% of total registered capital.
Singapore is leading ASEAN nations in the field with 1,469 projects worth 33.92 billion USD, accounting for 54.3% of total projects and 59.6% of ASEAN's investment in Vietnam.
The Singapore's investment projects have been implemented effectively, contributing significantly to job creation, export and economic growth of Vietnam, especially the Vietnam – Singapore Industrial Park (VSIP). At present, Vietnam is home to seven VSIP industrial parks in six localities: Binh Duong, Bac Ninh, Hai Phong, Quang Ngai, Hai Duong and Nghe An.
The average capital of an FDI project from ASEAN is about 20 million USD, higher than that from other countries (14 million USD).
Malaysia ranked the second in the largest investors in Vietnam with 510 projects worth 13.35 billion USD in investment, accounting for 18.8% of projects and 23.49% of the bloc's investment.
The Foreign Investment Agency under the Ministry of Planning and Investment said the prospects for Vietnam to draw FDI from ASEAN countries are enormous.
Vietnam has diversified bilateral cooperation in various fields and its trade relations with other members are growing, the agency added.
