Overseas investors have spent $2.95 billion to form joint ventures and buy stakes in businesses in Vietnam over the past year. Photo: Internet
Foreign investors have spent a combined $2.95 billion on forming joint ventures and acquire stakes in companies operating in Vietnam since July 2015, said the Foreign Investment Agency (FDI
) under the Ministry of Planning and Investment.
This is the first time FIA
has published this data, apart from that of foreign direct investment (FDI).
As many as 1,709 foreign-invested institutions have spent $1.89 billion on purchasing dominating stakes in Vietnam-based companies or conditional industries.
Of the amount, $1.51 billion corresponded to the first seven months of this year, with a focus on real estate, commerce, transportation, and plastic production.
Among 65 investing countries and territories in seven months, Singapore took the lead with $488.4 million. The runners-up were South Korea, Japan, Taiwan and China.
In addition, overseas players have acquired $1.05 billion worth of minority stakes in businesses operating in Vietnam over the past one year.