Japanese investors out of top three largest foreign investors during January-March

Mar 28th at 13:51
28-03-2018 13:51:06+07:00

Japanese investors out of top three largest foreign investors during January-March

In the first quarter of this year, the three largest foreign investors in Vietnam have been South Korea with $1.84 billion in registered investment capital, Hong Kong with $689 million, and Singapore with $649 million. Japanese investors were crowded out from the top.

The investment capital of the three largest foreign investors made up 51.45 per cent of the total foreign direct investment (FDI) capital inflow in Vietnam.

According to the statistics of the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI), in the first three months of this year, Vietnam attracted $5.8 billion in foreign investment capital, reaching 75.2 per cent of last year's figure. This included $3.91 billion of FDI and $1.89 billion in M&A deals.

Notably, as of March 20, 618 newly-registered projects received investment certificates with the total investment capital of $2.12 billion, 72.7 per cent of last year's figure, while 199 existing projects received added capital of $1.79 billion, 45.4 per cent. Meanwhile, 1,285 M&A deals were signed with a total investment capital of $1.89 billion.

In the first quarter of this year, foreign investors invested in 17 industries nationwide. The processing and manufacturing industry still maintains the top position with a total of $3.44 billion, equaling 59.4 per cent of the total FDI inflow into the country. The runners-up are the wholesale and retail industry with $531 million and the real estate industry with $486 million.

Besides, Vietnam’s cities and provinces saw decreasing FDI capital inflows as well changes in the ranking of provinces and cities receiving the largest FDI volume.

Notably, foreign investors poured capital into 49 cities and provinces across the country. Ho Chi Minh City ranked first with $1.7 billion, making up 29.3 per cent of the total FDI inflow, while Haiphong overcame Nam Dinh to become the destination receiving the second largest FDI volume with $925 million, equaling 16 per cent of the total. Binh Duong remained third with $565 million.

List of outstanding FDI projects in the first quarter:

  • 100 per cent Hong Kong invested Regina Miracle International Vietnam Co., Ltd. added $260 million to its existing sport clothes and shoes manufacturing factory in Haiphong.
  • The $150-million Hanbaram wind-power project in Ninh Thuan province and the $80-million garment project funded by Ramatex Nam Dinh in Nam Dinh province
  • A project producing motor vehicle spare parts in Hai Duong province of Kefico Vietnam Company added $120 million to its investment project.
  • A solar panel factory of Vina Cell Technology Company added $100 million to its investment project in Bac Giang province.
  • vir



    NEWS SAME CATEGORY

    Hue to be a tourism hotspot on its own

    Always a premier tourism destination in the country, Hue city plans to take it up several notches with a renewed focus on longer stays by both domestic and...

    Viet Nam’s tourism needs urgent reform to take off

    Viet Nam’s tourism industry is booming and is fast becoming the driving force behind economic growth – but it also faces calls for reform to keep up with high...

    Phu Quoc Island becoming international tourism magnet

    Phu Quoc Island has become one of the hottest holiday spots in the country in recent years as the local and central governments have gone ahead with ambitious plans...

    HCM City keen on developing shopping tourism

    As the country’s economic hub and tourism magnet with name-brand boutiques and a wide variety of local and foreign goods, HCM City has become a veritable shopping...

    South Korea largest foreign investor in Viet Nam

    South Korea has retained its position as Viet Nam’s leading source of foreign direct investment (FDI) in the first quarter of this year.

    Over 26,000 new firms established in Q1

    Some 26,785 new enterprises were established in Viet Nam in the first three months of this year, with total registered capital of approximately VND278.49 trillion...

    Government issues new decree on multi-level marketing plans

    The Government has issued a new decree which it says will help build a "clean and transparent multi-level marketing environment".

    PM urges Japan’s Mitsubishi to expand investment in Viet Nam

    Prime Minister Nguyen Xuan Phuc has urged Japan’s Mitsubishi Corporation to expand investment in infrastructure, airport transport, seaports and energy, especially...

    Japanese enterprises key to Hai Phong’s economic growth

    Japanese businesses have become an important part of Hai Phong’s economy, said municipal Party Committee Secretary Le Van Thanh at a conference in the northern port...

    Vinh Long pursues sustainable growth

    The southern province of Vinh Long is pursuing sustainable develop-ment based on agri-cultural and indus-trial activities coupled with sub-regional links along the...


    MOST READ


    Back To Top