RoK continues leading foreign investors in Vietnam
Thứ Sáu, 08/06/2018, 20:50
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.
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.
VNA