Japan top foreign investor in Vietnam

Japan poured US$6.88 billion, 30% of the total foreign direct investment (FDI), into Vietnam in the first seven months of 2018, the biggest figure among 96 countries and territories investing here.

japan top foreign investor in vietnam hinh 0

Japan was followed by the Republic of Korea with US$5.46 billion or 23.8% of total FDI and Singapore with US$2.73 billion or 11.9%, according to the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment.

Foreign investors registered a total US$22.94 billion for new and existing projects and buying shares in Vietnam during the period, up 4.6% from a year earlier.

Of that sum, investment registration certificates were granted to 1,656 new FDI projects worth US$13.2 billion as of July 20, up 2.2% year on year. Meanwhile, US$4.95 billion was added to 627 existing projects.

Among the 17 sectors receiving FDI, processing and manufacturing attracted most with US$9.63 billion, accounting for 41.95% of total capital. Real estate ranked second with US$5.6 billion or 24.4% while the wholesale and retail sector was in third place with US$1.69 billion or 7.4%.

The FIA said foreign capital entered 59 of the 63 provinces and cities nationwide between January and July. Hanoi topped the list with US$6.17 billion or 26.9%. It was followed by Ho Chi Minh City with US$4.12 billion or 17.9% and Ba Ria-Vung Tau province with US$2.15 billion or 9.4%.

As of July 20, FDI projects disbursed about US$9.85 billion, rising by 8.8% from the same period last year.