Viet Nam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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The Viet Nam-Singapore Industrial Park (VSIP) in the southern province of Binh Duong. As of April 20, ASEAN countries had invested in 2,600 projects in Viet Nam, which cost US$54.43 billion |
As of April 20, ASEAN countries had invested in 2,600 projects in Viet Nam, which were capitalised at US$54.43 billion, the FIA said, adding that the average investment capital per project was $20.9 million.
Singapore took the lead with investments in 1,408 projects worth $33.14 billion, or 60.8 per cent of the total. Malaysia was next with 494 projects valued at $11.9 billion, or 22 per cent, while Thailand ranked third with 389 projects worth $6.8 billion, or 12.4 per cent.
During the reviewed period, the processing and manufacturing sector lured the majority of ASEAN investment with 1,001 projects capitalised at $22.14 billion, or 40.6 per cent of the bloc's total FDI registered in the country. This was followed by the real estate industry with 97 projects worth $16.6 billion or 30.5 per cent, and the construction sector with 174 projects worth $3.23 billion or 5.9 per cent.
Further, the ASEAN community invested in 56 cities and provinces. HCM City placed first in attracting ASEAN investments with 1,122 projects with capital totaling $15.04 billion, followed by Ha Noi with 413 projects worth $8.55 billion and Ba Ria-Vung Tau Province with 67 projects worth $6.19 billion./.