Vietnam absorbs US$54.6 bln in FDI from ASEAN nations
As many as 2,629 foreign direct investment (FDI) projects worth US$54.6 billion from eight ASEAN member nations have operated in Vietnam as of June 2015.
The figures accounted for 14.2% of total FDI projects and 21.7% of total registered capital poured into the country, revealed the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The mentioned ASEAN investors in the viewed period included Singapore, Malaysia, Thailand, Brunei, Indonesia, Philippines, Laos and Cambodia.
Most of capital from these nations has come to manufacturing-processing and real estate, FIA said.
The real estate alone attracted 97 projects worth US$16.6 billion, equal to 30.4% of total FDI investment.
Singapore was the leading investor in the field with 77 projects valuing US$10 billion, followed by Malaysia with 16 projects worth US$5.5 billion.
The ASEAN nations’ real estate projects mostly centred in the developed hubs of Ho Chi Minh City and Hanoi.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Latest figures show that Viet Nam is now home to 19,000 valid projects worth some US$270 billion, of which the total disbursed volume reached US$135 billion. In the first nine moths this year, the country lured over US$17 billion, up 53% against the same period last year.
Viet Nam is one of the 12 countries participating in the Trans Pacific Partnership, a landmark free trade agreement concluded this week. The deal will boost free
