Japan-Vietnam economic cooperation will form a new value chain
FDI into Vietnam is always an impressive figure with steady growth every year, proving that many foreign investors have chosen to set up business in Vietnam. According to the latest figures from the Foreign Investment Agency, from the beginning of 2017 to the end of September 2017, foreign direct investment (FDI) has hit a record of 25.48 billion USD, increased by 34, 3% over the same period in 2016.
Of which, there were 1,844 new projects with total investment of 14.56 billion USD, increases by 30.4%; 6.75 billion USD of 878 projects registered for capital adjustment, increases by 28.3% and 4.16 billion USD of 3,742 capital contribution turns, share purchases of foreign investors, increases by 64% over the same period last year.
Statistics also show that the manufacturing sector has attracted nearly 50% of the registered capital of 12.64 billion USD in the past 9 months. Standing in the 2nd position in terms of FDI attraction is electricity production and distribution with total investment capital of 5.37 billion USD, accounting for 21% of the total registered investment. The 3rd position is the wholesale, retail sector with total registered capital of 1.58 billion USD, accounting for 6.2% of total capital.
It is worth mentioning that real estate sector, which continuously standing in the top most invested in the recent years, has been replaced by the processing, manufacturing and retail sectors…
Among investors in Vietnam, in 9 months of 2017, Korea still ranked 1st with total investment of 6.31 billion USD, accounting for 24.7% of total investment. Standing in the 2nd place is Japan with total registered capital of 5.91 billion USD, accounting for 23.17% of total investment. Singapore ranks third with total registered capital of 4.14 billion USD, accounting for 16.2% of total investment capital.