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NEWS UPDATES Asean Affairs     September  28,  2016  

S Korea biggest investor in VN

South Korea retained its position as Viet Nam’s leading source of foreign direct investment (FDI) in the first nine months of this year, the latest report from the Foreign Investment Agency has revealed.

During the reviewed period, South Korean investors pumped US$5.58 billion into Vi?t Nam, accounting for 34 per cent of total FDI registered in the country.

The two largest South Korea-invested projects were a $1.5 billion screen plant, being developed by LG Display Co and a $550 million camera modules plant, being financed by LG Innotek Co, both in the northern city of H?i Ph?ng.

Meanwhile, investors from Singapore and Japan invested $1.84 billion and $1.7 billion, making up 11.2 per cent and 10.3 per cent of the nation’s total FDI, respectively.

According to data, new FDI pledged in the country saw a modest yearly increase of 1.1 per cent to $11.17 billion in nine months while additional investment for existing projects plunged 14 per cent year-on-year to $5.27 billion.

In a brighter spot, FDI disbursement topped $11.02 billion, surging 12.4 per cent against the same period last year.

The processing and manufacturing sector continued to lure the lion’s share of FDI with $12.15 billion, accounting for 74 per cent of the total registered funding. Real estate came next with $1 billion or 6.1 per cent while science and technology ranked third with $649 million or 4 per cent.

Top localities recording significant amount of FDI during the period included H?i Ph?ng city with $2.74 billion; the capital city ($1.97 billion); southern provinces of ??ng Nai and B?nh D??ng ($1.89 billion and $1.49 billion, respectively).

From January to September, foreign-invested enterprises posted an export turnover of $91.17 billion, up 7.4 per cent year-on-year and totaling 71.1 per cent of the country’s export value while their imports witnessed a slight rise of 1 per cent to more than $74 billion. — VNS

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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






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