Malaysia ranks 12th among Viet Nam’s foreign investors in 2018
Malaysia ranks 12th among Viet Nam’s foreign investors in 2018
Malaysia ranked 12th among the countries and territories investing in Viet Nam in 2018 with total registered capital hitting US$435.54 million, according to the Vietnamese trade office in Malaysia.
The country pumped $254.76 million into 41 new investment projects in Viet Nam from the start of 2018 to December 20, while its investors added $27.47 million in total to their capital at 13 existing projects.
Malaysian investors also spent $153.31 million buying shares in Vietnamese companies. Malaysia’s accumulated investment in Viet Nam as of December 20 reached nearly $12.48 billion in 586 projects, ranking 8th among 129 economies investing in the country.
Two-way trade value between Viet Nam and Malaysia last year expanded more than 14 per cent on a yearly basis to nearly $11.5 billion.
Of the volume, Viet Nam’s imports from Malaysia were worth nearly $7.45 billion, up more than 27 per cent from 2017, while exports dropped to around $4.05 billion. Viet Nam ran a trade deficit of $3.4 billion with Malaysia. Major imports included petrol and oil, computers, electronics goods and parts, which reached over $1 billion. Computers, electronic products and parts from Viet Nam experienced a sharp drop of more than 32 per cent.
