South Korea, Malaysia, Japan Top Foreign Investors in Vietnam in 2015

Tuan Minh

17:00 30/12/2015

BizLIVE - South Korea, Malaysia and Japan were the top investors in Vietnam in 2015 as the country posted the highest GDP growth pace in five years and is deepening international economic integration.

South Korea, Malaysia, Japan Top Foreign Investors in Vietnam in 2015

South Korea continues to be the largest investor in Vietnam.

Businesses from South Korea, Malaysia and Japan poured the largest sums into their projects in Vietnam in 2015, with their commitments and disbursements totaling $11.04 billion, accounting for 48.5% of the total, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Foreign investors won licenses to start 2,013 projects worth $15.58 billion and raised capital in 814 projects by $7.18 billion in the year to December 20, resulting in a sum of $22.76 billion, up 12.5% from 2014, the FIA said in a report on December 30.
The agency added that foreign-invested enterprises (FIEs) in Vietnam raked in $115.1 billion from exports in the year, rising 13.8% year-on-year and accounting for 70.9% of the country’s export revenue. The firms, meanwhile, spent $97.9 billion on imports, up 16.4% year-on-year and making up 59.2% of the country’s imports.
FIEs recorded a trade surplus of $17.15 billion in 2015, helping narrow Vietnam’s trade gap to $3.2 billion in the year.
Among the landmark projects, Samsung Display Vietnam poured an additional $3 billion into a display project in the northern province of Bac Ninh, raising the investment to $4 billion. Malaysia’s Janakuasa Sdn. Bhd invested $2.4 billion in a coal-fired power plant in the Mekong Delta province of Tra Vinh.
Foreign investors have so far committed to invest $279 billion in valid projects in Vietnam, of which $160.6 billion would go to the manufacturing and processing sector, $50.47 billion to the real estate industry and $12.66 billion to the power and water sector.
Foreign investment flows to Vietnam are poised to increase following the entry into force of free-trade agreements it has signed with other major economies such as the European Union, South Korea, the U.S. and Japan.
Vietnam's economy grew 6.68% in 2015, the fastest pace since 2011, driven by manufacturing, foreign investments and domestic consumption. 


Từ khóa: FDI, Samsung, Malaysia, MPI