Japan Ranks 3rd among Foreign Investors in Vietnam in Jan-Nov

Minh Tuan

15:25 10/12/2015

BizLIVE - Japan poured $1.72 billion into 281 fresh projects and 129 operational projects in Vietnam in the 11 months through November, being the third-largest investor in the Southeast Asian country after South Korea and Malaysia.

Japan Ranks 3rd among Foreign Investors in Vietnam in Jan-Nov

Japan has remained one of the largest foreign direct investor in Vietnam. (Photo: Internet)

The manufacturing sector drove the largest Japanese capital inflow when attracting $923 million, or 53.5% of total Japanese investments, followed by the construction industry with $355.9 million and the real estate sector with $146.84 million, the Foreign Investment Agency (FIA) said.
The biggest Japanese investment in the 11-month period was a BOT transport project worth $343.64 million in the northern province of Quang Ninh. Other sizable projects include $150-million Nitori furniture project in the southern province of Ba Ria-Vung Tau, and a hi-tech rabbit raising project in the northern province of Yen Bai.  
Out of the 32 Japanese-invested localities in the period, investors put the largest sum of $343.65 million in Quang Ninh. The runners-up were Ba Ria-Vung Tau with $169.8 million and Ho Chi Minh City with $146.4 million.
According to the FIA, foreign investors registered to pour $20.22 billion into newly-licensed and existing projects in Vietnam in the 11-month period, up 16.7% from a year earlier.
Planning and Investment Minister Bui Quang Vinh has recently told Bloomberg that disbursed FDI could reach $14 billion in 2015, $1.5 billion more than in 2014. Pledged foreign investment is forecast to be higher than last year’s $21.9 billion.