ASEAN KEY DESTINATIONS
S Korea top VN investor through October
HA NOI (VNS) — South Korea was the top foreign investor in Viet Nam with total new and expanded investments of US$6.2 billion through October 2015, according to a report released on Monday.
The report released by the Foreign Investment Agency (FIA), of the Ministry of Planning and Investment, showed that South Korea had 583 new projects with total registered capital of $2.3 billion, and 257 expanded projects in the 10-month period with total registered capital of $3.9 billion.
Most of these projects were foreign direct investment (FDI) projects, the report revealed.
Malaysia was the second largest investor with total investment of $2.5 billion, followed by Japan and the United Kingdom, with total investments of $1.48 billion and $1.27 billion, respectively.
South Koreans invested in 16 sectors, mainly in processing and manufacturing industries, with total investment of $5.63 billion, or 90.3 per cent of their registered capital, during the period.
Electrical production and supply industry was the second largest field, with $200 million total investment, accounting for 3.2 per cent of South Korean capital.
As for the locations, they invested in 41 provinces in Viet Nam during the first 10 months.
The northern province of Bac Ninh attracted most of South Korea's investment in the reviewed time, with $3.33 billion, followed by southern Dong Nai province with $401.9 million and northern Hai Phong province, with $305.7 million.
In the first 10 months, Viet Nam attracted $19.29 billion of FDI projects, a year–on–year increase of 40.8 per cent. Meanwhile, FDI disbursement posted a 16.3 per cent increase to $11.8 billion, reported the FIA.
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