Top 10 largest FDI projects in 2017: Thermoelectric projects flashed with US$7.4 billion
By Quynh Nhu
February 10, 2018 | 08:36 AM GMT+7
Thermoelectric sector scored a successful year in attracting foreign investment with billion - dollar projects in the top 10 largest FDI projects in 2017.
Nghi Son 2 thermal power plant is the largest FDI project in 2017.
In this top 10, there are three thermoelectric billion - dollar projects with a total capital of nearly US$7.4 billion.
Specifically, the Nghi Son 2 (Korean investor), Van Phong 1 (Japanese investor), Nam Dinh 1 (Singaporean investor) thermoelectric plants had an investment capital of US$2,793 bilion, US$2,581 billion, US$2,072 billion, respectively.
According to a report published by the Japan External Trade Organization (JETRO), total foreign direct investment (FDI) in Vietnam in 2017 reached more than US$29.6 billion though the number of newly licensed or capital increase projects decreased compared to the previous year.
JETRO explained that this statistics did not include capital contribution, share contribution or share buyback so this figures were the same as the total amount of FDI announced by Foreign Investment Agency (FIA). Other data related to FDI by countries and territories would also vary.
Specifically, according to JETRO, there were 3,862 licensed projects with a total investment of US$22.38 billion in 2016. After one year, the number of projects declined to 3,799 projects but these increased in quality.
The only five largest FDI projects in 2017 have total registered capital of more than US$11.2 billion.
In last year, Japan was the largest foreign investor in Vietnam with 566 projects with a total investment of US$8.64 billion which is sevenfold increase compared to 2016.
In 2017, South Korea has the largest number of investment projects in Vietnam with 1,287 projects but the total registered capital was just over US$7.6 billion, ranking second after Japan.
Singapore ranked third with 256 projects and invested more than US$4.6 billion in Vietnam during last year. The total capital investment from only three countries including Japan, South Korea and Singapore accounts for 70 per cent of total FDI in 2017.
While a significant proportion of capital from Japan and Singapore has been poured into new projects, capital from South Korea is divided equally for new ones and expansion ones.
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