Singapore topped the list of eight ASEAN countries investingVietnam, with 1,353 projects worth 32.7 billion USD, accounting for60 percent of the total ASEAN foreign direct investment (FDI) registeredin the country.
According to the Foreign Investment Agency (FIA)under the Ministry of Planning and Investment (MPI), Singapore, whichalso ranked third among 101 foreign investors in Vietnam, wasfollowed by Malaysia with 10 billion USD, comprising 22 percent oftotal FDI, and Thailand with 6.7 billion USD, making up 12 percent.
Singapore’s investment projects have provedeffective, greatly contributing to Vietnam’s job generation, exportand economic growth. Notably, the Vietnam-Singapore (VSIP) IndustrialZone is a symbol of the friendship and cooperation between the twocountries.
ASEAN investment has covered all the 18 economicsectors in Vietnam, with the manufacturing and processing sectortopped the list with 974 projects worth 21.7 billion USD. It wasfollowed by real state with 93 projects capitalised at 16.5 billion USD,and construction with 196 projects worth 3.1 billion USD.
ASEANinvestors have been present in 55 of 63 national provinces, mainly inHo Chi Minh City, Hanoi, southern Ba Ria-Vung Tau and Binh Duong,central Ninh Thuan and northern Hai Duong provinces.
Promotinginvestment from ASEAN countries will be continued to ensure increasedFDI flow into Vietnam , especially in the context of the formation ofthe ASEAN Economic Community later this year, FIA Director Do NhatHoang said.
In 2014, ASEAN nations registered 53 billion USD in FDI in Vietnam, or 20 percent of the nation's total figure.
Accordingto the FIA, the foreign investment sector recorded a trade surplus of17.03 billion USD last year, having generated 101.59 billion USD inexport turnover, an annual increase of 15.2 percent, or equivalent to 68percent of the country's total export revenue, while importing 84.56billion USD worth of goods, a 13.6 percent increase.-VNA
According to the Foreign Investment Agency (FIA)under the Ministry of Planning and Investment (MPI), Singapore, whichalso ranked third among 101 foreign investors in Vietnam, wasfollowed by Malaysia with 10 billion USD, comprising 22 percent oftotal FDI, and Thailand with 6.7 billion USD, making up 12 percent.
Singapore’s investment projects have provedeffective, greatly contributing to Vietnam’s job generation, exportand economic growth. Notably, the Vietnam-Singapore (VSIP) IndustrialZone is a symbol of the friendship and cooperation between the twocountries.
ASEAN investment has covered all the 18 economicsectors in Vietnam, with the manufacturing and processing sectortopped the list with 974 projects worth 21.7 billion USD. It wasfollowed by real state with 93 projects capitalised at 16.5 billion USD,and construction with 196 projects worth 3.1 billion USD.
ASEANinvestors have been present in 55 of 63 national provinces, mainly inHo Chi Minh City, Hanoi, southern Ba Ria-Vung Tau and Binh Duong,central Ninh Thuan and northern Hai Duong provinces.
Promotinginvestment from ASEAN countries will be continued to ensure increasedFDI flow into Vietnam , especially in the context of the formation ofthe ASEAN Economic Community later this year, FIA Director Do NhatHoang said.
In 2014, ASEAN nations registered 53 billion USD in FDI in Vietnam, or 20 percent of the nation's total figure.
Accordingto the FIA, the foreign investment sector recorded a trade surplus of17.03 billion USD last year, having generated 101.59 billion USD inexport turnover, an annual increase of 15.2 percent, or equivalent to 68percent of the country's total export revenue, while importing 84.56billion USD worth of goods, a 13.6 percent increase.-VNA
