US investment at US$248 million in 11 months
American investors put US$248 million into 38 projects in Vietnam over the past 11 months.
That helped the US rank 11th among 60 countries and territories that have invested in Vietnam during the period.
The latest addition has helped the American registered investment capital in Vietnam to reach US$10.92 billion, with an average of US$15.35 million per project, business news website Cafef.vn quoted statistics from the Ministry of Planning and Investment's Foreign Investment Agency as saying.
During the reviewed period, it said that the hospitality, catering and restaurant sector attracted US$4.67 billion, or equivalent to 42.8% of the total American investment capital in Vietnam. It was followed by the manufacturing and processing sector with US$2.2 billion, or 20% of the total American registered capital, and the real estate trading industry with US$2.05 billion, or 18% of the American capital.
American investors have invested in 41 out of 63 cities and provinces nationwide. Among these localities, the southern Ba Ria -Vung Tau province was the most attractive investment destination for American businesses as they had 18 projects, worth US$5.3 billion, there. The northern port city of Haiphong ranked second, attracting 13 projects worth US$1.2 billion, and the southern Binh Duong province came third, attracting 96 projects valued at US$779 billion.
The latest addition has helped the American registered investment capital in Vietnam to reach US$10.92 billion, with an average of US$15.35 million per project, business news website Cafef.vn quoted statistics from the Ministry of Planning and Investment's Foreign Investment Agency as saying.
During the reviewed period, it said that the hospitality, catering and restaurant sector attracted US$4.67 billion, or equivalent to 42.8% of the total American investment capital in Vietnam. It was followed by the manufacturing and processing sector with US$2.2 billion, or 20% of the total American registered capital, and the real estate trading industry with US$2.05 billion, or 18% of the American capital.
American investors have invested in 41 out of 63 cities and provinces nationwide. Among these localities, the southern Ba Ria -Vung Tau province was the most attractive investment destination for American businesses as they had 18 projects, worth US$5.3 billion, there. The northern port city of Haiphong ranked second, attracting 13 projects worth US$1.2 billion, and the southern Binh Duong province came third, attracting 96 projects valued at US$779 billion.