A view of Thanh Thuy border gate in China-bordering Ha Giang province. (Photo: laodong.com.vn)
Enterprises from China, excluding Taiwan, Hong Kong and Macau, have registered to put a total of $10.4 billion in 1,346 valid projects in Vietnam as of early 2016, according to statistics of the Foreign Investment Agency under the Ministry of Planning and Investment.
The amount puts China the ninth largest among 112 countries and territories investing in the Southeast Asian country.
The average capital of Chinese projects in Vietnam is at $7.7 million each, compared to $14 million each of foreign-invested projects in the country.
Among the Chinese-invested sectors, the manufacturing and processing sector has attracted $5.38 billion, or 52% of investments from that country.
Chinese investments are present in 54 out of 63 Vietnamese provinces and cities, mostly in Lao Cai
, Ho Chi Minh City
, Quang Ninh
and Hai Phong, which have more developed infrastructure or are located near the China-Vietnam borders.
Meanwhile, Vietnamese firms had 15 investment projects worth some $16 million in China as of the end of 2015, the agency said.