RoK ranks 1st in investment in Vietnam
PSNews - In May, a number of large foreign investors increased capital to their projects in Vietnam. Typically, the LG Innotek Hai Phong project (RoK) which specializes in producing camera module was poured into additional US $501 million.
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As of May 20, foreign investors have invested in 19 out of 21 sectors in the national economic classification system of Vietnam. Of them, the manufacturing sector accounted for the highest proportion with US $198.13 or 57.9% of the total investment.
Real estate drew the second largest investment of US $51.84 billion or 16.1% of the total investment; production and supply of electricity, water and gas was invested in US $21.71 billion, accounting for 6.7% of the total investment.
The Department of Foreign Investment under the Ministry of Planning and Investment announced that there have been 126 countries and territories investing in Vietnam, of which the Republic of Korea (RoK) ranks 1st with the total registered capital of US $59.46 billion, accounting for 18.4% of the total investment in the country.
In May, a number of large foreign investors increased capital to their projects in Vietnam. Typically, the LG Innotek Hai Phong project (RoK) which specializes in producing camera module was poured into additional US $501 million.
Japan, which stands 2nd with US $50.6 of investment in Vietnam (15.7%), is followed by Singapore, Taiwan (China), British Virgin Islands, Hongkong (China).
