Japan has become the second largest investor in Vietnam. (Photo: www.reference.com)
Foreign direct investment (FDI
) pledges of Japanese companies in Vietnam have increased to $1.23 billion in the first six months of this year, making the country the second largest investor in the period, up from the fifth position a month earlier, official data showed.
South Korea remains at the top with $3.99 billion, making up 38.2% of total FDI in the period, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said Monday.
FDI approvals have totaled $11.28 billion in the six-month period, surging 105.4% from a year earlier. Of the amount, fresh FDI approvals increased 95.3% to $7.5 billion.
Actual FDI has reached an estimated $7.25 billion, rising 15.1% from a year earlier.
Manufacturing and processing continues to be the most appealing sector when attracting $8.06 billion, followed by real estate with $604.8 million.
The LG Display Hai Phong
project worth $1.5 billion, licensed to South Korea’s LG Display Co. in April, has helped Hai Phong become the most heavily invested city, with $1.72 billion.
, home to a $300 million R&D project by Samsung, and Binh Duong are two other localities where FDI has surpassed $1 billion.