Three major foreign investors – Japan, the Republic of Korea and Singapore – are heavily investing in Vietnam's processing and manufacturing industry, radio The Voice of Vietnam (VOV) reported.
Three major foreign investors – Japan, the Republic of Korea and Singapore – are heavily investing in Vietnam’s processing and manufacturing industry, radio The Voice of Vietnam (VOV) reported.
As of April, Japan had 2,226 projects covering all 18 sectors in Vietnam with a total investment of 35.51 billion USD, mainly in the processing and manufacturing industry (1,227 projects at 29.9 billion USD), real estate (30 projects at 1.4 billion USD) and construction (56 projects at 1.06 billion USD).
Its investments are spread throughout 49 provinces and cities of the country, of which Thanh Hoa took the lead with 9 projects at 9.68 billion USD, followed by Binh Duong, Hanoi, Ho Chi Minh City, Haiphong and Dong Nai.
The Republic of Korea (RoK) came in second among 101 foreign investors in Vietnam. Korean giants which have contributed significantly to Vietnam’s socio-economic development include Samsung, Posco, Doosan, Kumho, LG, Daewoo, GS and SK.
The RoK pumped 30.77 billion USD into 3,736 projects as of April. The processing and manufacturing industry topped the 18 sectors with 2,261 projects at 18 billion USD, then came real estate with 76 projects at 6.67 billion USD and construction with 520 projects at 2.3 billion USD.
Korean investors have made their appearance in 49 provinces and cities nationwide. Hanoi ranked first with 775 projects at 4.9 billion USD, followed by Dong Nai with 292 projects at nearly 4 billion USD and then Ho Chi Minh City, Ba Ria-Vung Tau, Hai Phong, Binh Duong and Thai Nguyen.
Singapore had 1,266 valid projects in Vietnam with a combined capitalisation of nearly 30.29 billion USD. It invested in 18 sectors, with the processing and manufacturing industry coming first with 400 projects at 11.35 billion USD.
In addition to production, Singaporean investors have paid due attention to infrastructure development at industrial and export processing zones. Five IZs have been operated by Singaporean investors, including Vietnam-Singapore Industrial Parks (VSIPs) in Bac Ninh, Hai Phong, Binh Duong and Quang Ngai.
(Source: VOV)
