Manufacturing industry attracts huge FDI
Manufacturing industry attracts huge FDI
Three major foreign investors – Japan, the Republic of Korea and Singapore – are heavily investing in Vietnam’s processing and manufacturing industry.
As of April, Japan had 2,226 projects covering all 18 sectors in Vietnam with a total investment of US$35.51 billion, mainly in the processing and manufacturing industry (1,227 projects at US$29.9 billion), real estate (30 projects at US$1.4 billion) and construction (US$56 projects at US$1.06 billion).
Its investments are spread throughout 49 provinces and cities of the country, of which Thanh Hoa took the lead with 9 projects at US$9.68 billion, followed by Binh Duong, Hanoi, Ho Chi Minh City, Haiphong and Dong Nai.
The Republic of Korea (RoK) came in second among 101 foreign investors in Vietnam. Korean giants which have contributed significantly to Vietnam’s socio-economic development include Samsung, Posco, Doosan, Kumho, LG, Daewoo, GS and SK.
The RoK pumped US$30.77 billion into 3,736 projects as of April. The processing and manufacturing industry topped the 18 sectors with 2,261 projects at US$18 billion, then came real estate with 76 projects at US$6.67 billion and construction with 520 projects at US$2.3 billion.
Korean investors have made their appearance in 49 provinces and cities nationwide. Hanoi ranked first with 775 projects at US$4.9 billion, followed by Dong Nai with 292 projects at nearly US$4 billion and then Ho Chi Minh City, Ba Ria-Vung Tau, Haiphong, Binh Duong and Thai Nguyen.
Singapore had 1,266 valid projects in Vietnam with a combined capitalisation of nearly US$30.29 billion. It invested in 18 sectors, with the processing and manufacturing industry coming first with 400 projects at US$11.35 billion.
In addition to production, Singaporean investors have paid due attention to infrastructure development at industrial and export processing zones. Five IZs have been operated by Singaporean investors, including Vietnam-Singapore Industrial Parks (VSIPs) in Bac Ninh, Haiphong, Binh Duong and Quang Ngai.
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