27/09/2017 10:08 GMT+7 Email Print Like 0

Republic of Korea remains Vietnam’s top investor

Hanoi, September 27 (VNA) – The Republic of Korea (RoK) remained Vietnam’s No.1 investor during the January 1-September 20 period, with total investment of 6.31 billion USD, accounting for 24.7 percent of total foreign direct investment (FDI) Vietnam has attracted in the time, according to the Ministry of Planning and Investment. 

The ministry reported that Japan ranked second with 5.91 billion USD, or 24.7 percent of total FDI, followed by Singapore with 4.14 billion USD, constituting 16.2 percent. 

The RoK had a major project worth 2.5 billion USD of Samsung Display Vietnam in Bac Ninh province. 

Japan invested 2.793 billion USD into building the 1,200 MW Nghi Son 2 thermal power plant in north central Thanh Hoa province. 

Meanwhile, Singapore investors were involved in the 1,109 MW Nam Dinh 1 thermal power plant with 2.07 billion USD in northern Nam Dinh province. 

As of September 20, Vietnam attracted 25.4 billion USD in FDI, up 34.3 percent year on year, reported the ministry. 

Of the total, 14.5 billion USD was poured into 1,844 new projects, while 6.75 billion USD was injected into 878 underway ones, and 4.16 billion USD was worth in company shares bought by foreign investors. 

The MPI revealed that in the reviewed time, 12.5 billion USD of FDI was disbursed, a rise of 13.4 percent over the same period last year.