Japan Ranked 3rd among Top Foreign Investors in Vietnam

Minh Tam

17:18 04/11/2015

BizLIVE - Japanese investors registered to pour $1.48 billion in Vietnam in the first ten months of this year, putting it on the third position among the leading foreign investors in the country.

Japan Ranked 3rd among Top Foreign Investors in Vietnam

A view of an Aeon mall in Vietnam. (Photo: Internet)

During the ten-month period, FDI approvals of fresh and operational implemented by Japanese investors totaled $1.48 billion, making Japan the third-largest investor in Vietnam, after South Korea and Malaysia, according to the Foreign Investment Agency under the Ministry of Planning and Investment. 
Japanese investors registered to invest $758.6 million in the manufacturing and processing sector in the period, making up 51% of their total investment. The construction sector came second with $354.4 million, followed by the real estate sector with $146.8 million.
Between January and October, Japanese invested in 32 out of 63 cities and provinces in Vietnam. The northern province of Quang Ninh topped the list of localities having Japanese FDI, with $343.6 million.
The runners-up were Ba Ria – Vung Tau with $169.6 million and Ho Chi Minh City with $138.4 million.
Sumitomo Corporation late last month won a license to build an industrial park worth $135 million in the northern province of Vinh Phuc.