| Japan tops foreign investors in Vietnam | |
Japan has become the leader among the 52 nations and territories investing in Vietnam since the beginning of the year, according to the Ministry of Planning and Investment (MPI). Over the past ten months, Japanese businesses have poured US$4.92 billion into their projects in Vietnam, including both newly registered and increased capital. The Republic of Korea (RoK) is in second place with US$936.7 million, and Samoa is third with US$899.8 million, followed by Singapore (US$675.4 million) and the British Virgin Islands (US$623.38 million). During the reviewed period, Japanese investment capital made up 46.9 percent of the total foreign direct investment (FDI) in Vietnam, In the past ten months, almost all major projects in Vietnam have come from Japanese investors such as the US$1.2 billion Tokyu Binh Duong Urban Area and the US$574 million Bridgestone Tire Manufacturing project in Hai Phong. Vietnam has also attracted smaller Japanese investors to develop support industries. Most notably, the Vietnamese N&G Development and Investment Corporation signed a strategic agreement with Japan’s Forval Corp to develop the Hanoi South Supporting Industrial Park (HANSSHIP). The Samsung Group from the RoK also plans to invest a total of US$830 million for manufacturing mobile phones and other electronic products in Bac Ninh province. | |
| VOV |
