Japan surpassed South Korea to lead foreign direct investment in Vietnam
By An Nhien
December 25, 2017 | 07:37 AM GMT+7
According to the Ministry of Planning and Investment of Vietnam, foreign direct investment (FDI) disbursement in 2017 is estimated at US$17.5 billion, a 10.8 per cent year-on-year increase.
A number of major projects have been licensed in 2017
In 2017, the total registered capital of foreign investors was US$35.88 billion, a 44 per cent increase compared to the figure for the year 2016.
By December 20, 2017, there were 2,591 new projects licensed with the total registered capital of US$21.27 billion, 42.3 per higher than the same period of last year.
There were 1,188 projects registered to adjust investment capital with total registered capital increased by approximately US$8.41 billion, a 49.2 per cent year-on-year increase. Besides, 5,002 foreign investors registered to purchase shares with a total capital contribution of US$6.19 billion, 45.1 per cent higher than the same period of last year.
Foreign investors have invested in 19 industries in which the processing and manufacturing have been the most attractive sector. Power production and distribution are ranked the second while the real estate business is ranked the third most attractive sector.
There are up to 115 countries and territories having investment projects in Vietnam, of which Japan leads in total investment capital while South Korea and Singapore have been ranked the second and the third.
In terms of the investment area, foreign investors have invested in 59 provinces and cities, of which Ho Chi Minh City attracts the largest amount of FDI, followed by Bac Ninh and Thanh Hoa provinces.
A number of major projects have been licensed in 2017
The 1,200MW Nghi Son 2 thermal power plant has the total investment of US$2.79 billion. This Build-Operate-Transfer (BOT) project located in Thanh Hoa province is invested by a Japanese investor.
The BOT Van Phong Thermal Power Plant 1 with the total registered capital of US$2.58 billion is invested by a Japanese investor. The plant is expected to have the capacity of 1,320MW.
The investment capital of the Samsung Display Vietnam project located in Bac Ninh province has been increased by US$2.5 billion.
Nam Dinh 1 thermal power plant, a US$2.07 billion BOT project, is invested by a Singaporean investor. The project is expected to have the net capacity of about 1,109.4MW.
The Block B – O Mon gas pipeline having a total registered investment capital of US$1.27 billion is invested by joint ventures between a Japanese investor with Vietnam Oil and Gas Group (PVN) and PetroVietnam Gas Company (PVGAS).
Also, the smart complex project located in Thu Thiem new urban area, District 2, Ho Chi Minh City has the total registered capital of US$885.85 million. The project is invested by a South Korean enterprise.
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