20944
ASEAN Funds Flood Vietnam
World Economy

ASEAN Funds Flood Vietnam

 As of June 20, investors in the ASEAN region poured $54.6 billion into 2,632 projects in Vietnam, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
The agency said the average capital for a project invested by ASEAN investors in Vietnam was $20.7 million, higher than the average level of $13.9 million from other investors, VNS reported.
Singapore took the lead with 1,428 projects and a total investment of $32.2 billion, accounting for 60% of the total. Malaysia ranked second with 499 projects and $12.06 billion total capital. Thailand came third with 392 projects and $6.8 billion investment.
Foreign direct investment from the ASEAN region was mostly focused on the manufacturing and processing industries with 1,009 projects and $22.2 billion registered capital, accounting for 40% of the total.
The property sector came second with 97 projects with $16.6 billion. It was followed by the construction sector, with 175 projects amounting to $3.24 billion.
ASEAN players have invested in 55 provinces and cities across the nation. HCM City has attracted the maximum number of investors, with projects worth $15.07 billion.
Ha Noi followed with 417 projects worth $8.58 billion. Ba Ria-Vung Tau ranked third with 67 projects worth $6.19 billion.
Some of the major projects by ASEAN investors include South Hoi An resort, with a total investment of $4 billion from Singapore Genting VinaCapital Investment Pte Ltd; Samsung Thai Nguyen complex’s phase 2 by Samsung Electronics Vietnam-South Korea; a university urban area in HCM City by Malaysia’s Berjaya Leisure Corporation; and Long Son oil refinery plant in Ba Ria-Vung Tau by a Thai investor.

Short URL : http://goo.gl/WhJ6Pt

You can also read ...

South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...
Greek Current A/C Surplus Shrinks
Greece’s current account surplus shrank in June compared to...

Trending

Googleplus