ASEAN investors pour over 54 billion USD in Vietnam

Vietnam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Monday, May 18, 2015 11:11

Vietnam remains an attractive investment destination for ASEANinvestors, according to the Foreign Investment Agency (FIA) under theMinistry of Planning and Investment.

As of April 20, ASEANcountries had invested in 2,600 projects in Vietnam, which werecapitalised at 54.43 billion USD, the FIA said, adding that the averageinvestment capital per project was 20.9 million USD.

Singaporetook the lead with investments in 1,408 projects worth 33.14 billionUSD, or 60.8 percent of the total. Malaysia was next with 494 projectsvalued at 11.9 billion USD, or 22 percent, while Thailand ranked thirdwith 389 projects worth 6.8 billion USD, or 12.4 percent.

Duringthe reviewed period, the processing and manufacturing sector lured themajority of ASEAN investment with 1,001 projects capitalised at 22.14billion USD, or 40.6 percent of the bloc's total FDI registered in thecountry. This was followed by the real estate industry with 97 projectsworth 16.6 billion USD or 30.5 percent, and the construction sector with174 projects worth 3.23 billion USD or 5.9 percent.

Further, theASEAN community invested in 56 cities and provinces. HCM City placedfirst in attracting ASEAN investments with 1,122 projects with capitaltotaling 15.04 billion USD, followed by Hanoi with 413 projects worth8.55 billion USD and Ba Ria-Vung Tau Province with 67 projects worth6.19 billion USD.-VNA

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