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 $6.31 billion, accounting for 24.7 percent of total foreign direct investment (FDI) Vietnam has attracted in the period, according to the Ministry of Planning and Investment.

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Samsung Display Vietnam factory in Bac Ninh

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

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

Japan invested USD 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 USD 2.07 billion in northern Nam Dinh province.

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

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

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

( VNF/VNA )

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09:44 | 03/02/2023
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