Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Construction  >> Foreigners pour total of $11.5b into construction
NEW UPDATES Asean Affairs  26 May  2015  

Foreigners pour total of $11.5b into construction

Malaysian Gamuda Berhad in Hoang Mai District in Ha Noi. Since the Foreign Investment Law was passed in 1987, Viet Nam's construction sector has received US$11.5 billion from nearly 2,000 FDI projects. — Photo

HA NOI (VNS) – Since the Foreign Investment Law was passed in 1987, Viet Nam's construction sector has received US$11.5 billion for 1,196 foreign direct investment (FDI) projects. The law was passed a year after Doi Moi (Renewal) policy was announced in 1986.

The sector has come third in attracting FDI capital nationwide, accounting for 6.5 per cent of the projects and 4.5 per cent of investment capital.

The average capital for a construction project in the 29 years since 1987 has been $9.64 million, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

South Korea was the leader with 587 projects, worth $2.4 billion. This accounted for 49 per cent of the nation's total construction projects and 20.9 per cent of investment capital.

Singapore ranked second with 101 projects totalling $1.9 billion, followed by Taiwan with 109 projects worth $1.5 billion.

Other large foreign construction investors included Japan, Malaysia, British Virgin Islands and Hong Kong.

HCM City was the city that attracted the most FDI for construction. It has more than 377 projects and $3 billion investment capital, accounting for 31.5 per cent of projects and 26.5 per cent of investment capital.

Ha Noi was second, attracting $2 billion in capital for 527 projects, accounting for 44 per cent of projects and 17 per cent of investment capital.

The northern city of Hai Phong was third with 18 projects and $1 billion in capital, accounting for 1.5 per cent of projects and 9 per cent of investment capital.

Other provinces involved included the southern province of Ba Ria - Vung Tau, Binh Duong, Dong Nai and the northern province of Quang Ninh.

In term of investment forms, 49 per cent of construction projects in Viet Nam are 100 per cent foreign invested projects, 43 per cent are joint ventures, and the rest involve joint stock companies and business co-operation contracts.

The capital inflow was expected to rise in the near future as new open economic policies take effect, especially the revision of laws involving construction, investment and enterprises, said FIA.

These revisions would create more favourable conditions for foreign investors to join Vietnamese construction and real estate market, added the agency.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May  26 , 2015 Subsribe Now !
• Foreigners pour total of $11.5b into construction Subcribe: Asean Affairs Global Magazine
• Intra-ASEAN trade volumes low
• Cambodia invited for Phlippine rice tender
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Viet Nam, Russia to lift bilateral trade
• Apollo Towers Myanmar Ltd purchases 700 new telecom towers
Asean Analysis                   May 15, 2015
• Asean Analysis May 15, 2015
Washington Needs a More Holistic View of Myanmar’s Elections
Advertise Your Brand

Asean Stock Watch  May 25,  2015
• Asean Stock Watch-May 25, 2015
The Biweekly Update
• The Biweekly Update May 15, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand