Most ASEAN projects have focused on property development.

Oil-rich Brunei has invested US$4.41 billion in 14 projects, with a single project by the New City Properties Development Company accounting for US$4.3 billion.

Meanwhile, Malaysia has signed 28 new projects with a total investment of US$5.07 billion.

Singapore is set to invest US$4.02 billion in 48 projects, including a US$1.2 billion telecom joint venture in the southern hub.

Thai firms have been licensed to invest US$4 billion in 16 projects. Significantly, the Long Son oil refinery plant in Ba Ria – Vung Tau accounts for US$3.7 billion of that amount.

Other ASEAN investors include the Philippines with 37 projects worth US$277 million, Indonesia with 21 projects worth US$178 million, Laos with nine projects worth US$48 million and Cambodia with six projects worth US$6 million.