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Republic of Korea remains Vietnam’s top investor

The Republic of Korea (RoK) remained Vietnam’s No.1 investor during the January 1-September 20 period, with total investment of US$ 6.31 billion, accounting for 24.7 percent of total foreign direct investment (FDI) Vietnam has attracted in the time, according to the Ministry of Planning and Investment.

Samsung Display Vietnam factory in Bac Ninh (Source: Internet)

Samsung Display Vietnam factory in Bac Ninh (Source: Internet)

The ministry reported that Japan ranked second with US$ 5.91 billion, or 24.7 percent of total FDI, followed by Singapore with US$ 4.14 billion, constituting 16.2 percent.

The RoK had a major project worth US$ 2.5 billion of Samsung Display Vietnam in Bac Ninh province.

Japan invested US$ 2.793 billion into building the 1,200 MW Nghi Son 2 thermal power plant in north central Thanh Hoa province.

Meanwhile, Singapore investors were involved in the 1,109 MW Nam Dinh 1 thermal power plant with US$ 2.07 billion in northern Nam Dinh province.

As of September 20, Vietnam attracted US$ 25.4 billion in FDI, up 34.3 percent year on year, reported the ministry.

Of the total, US$ 14.5 billion was poured into 1,844 new projects, while US$ 6.75 billion was injected into 878 underway ones, and US$ 4.16 billion was worth in company shares bought by foreign investors.

The MPI revealed that in the reviewed time, US$ 12.5 billion of FDI was disbursed, a rise of 13.4 percent over the same period last year.

VNS

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