RoK continues leading foreign investors in Vietnam

The Republic of Korea (RoK) has been the biggest investor among 86 countries and territories investing Vietnam so far this year, with total investment of US$2.63 billion, accounting for 26.5% of total foreign direct investment (FDI) the country has attracted in the reviewed period.

rok continues leading foreign investors in vietnam hinh 0
A view at the Samsung factory in Thai Nguyen where cellphones are manufactured
According to the Foreign Investment Agency under the Ministry of Planning and Investment, the RoK was followed by Japan with US$1.52 billion and Singapore with US$1.11 billion. 

In 2017, the RoK was the second largest foreign investor in Vietnam, just behind Japan, with total registered capital of US$8.49 billion. But in terms of accumulative investment, the country ranked first among 125 countries and territories investing in Vietnam, with total investment capital of US$57.7 billion by the end of December 2017.

The agency reported that in the first five months of 2018, Vietnam attracted US$9.9 billion of FDI, equivalent to 81.6% of that in the same period last year. 

Of which, the processing and manufacturing industry lured US$5.18 billion, or 52.3%, while real estate enjoyed US$1.07 billion, and retail and wholesale sector attracted US$1.02 billion.

Ho Chi Minh City has been the most attractive destination out of 53 cities and provinces in FDI attraction. The city lured US$2.39 billion, or 24.2% of total investment. Hai Phong ranked second with US$1.07 billion, followed by Hanoi with US$835.3 million.

Related news