Japan is the largest investor of the 101 countries and territories that have invested in Vietnam, the Nhan Dan (People) online newspaper reported, citing figures released by the Foreign Investment Department under the Ministry of Planning and Investment (MPI).

Japanese investors are currently running 2,237 valid projects in Vietnam with a total registered capital of 35.38 billion USD. The average capital per Japanese-invested project in Vietnam is about 15.8 million USD, higher than the average level of all foreign-invested projects, which is 14.58 million USD.

Japan has invested in 18 of the nation’s 21 economic sectors including 1,213 projects in the processing and manufacturing industry with registered capital of 29.82 billion USD, accounting for 54.2% of total Japanese projects and 84.3% of Japan’s total investment capital.

The real estate sector came in second, with 30 projects and a registered capital of 1.4 billion USD (equivalent to 4% of total investment capital). This was followed by the construction sector and its 54 projects with registered capital of 1.05 billion USD - equal to 3% of total Japanese investment capital.

Nearly all of these Japanese enterprises are doing business in the form of 100% foreign-invested projects (accounting for 82.2% of total projects) and joint venture companies (16.2% of total projects). The remaining few have engaged in joint stock companies and business co-operation contracts.

To date, Japan has invested in 48 of the 63 provinces and cities across the country, with Thanh Hoa at the top of the list and followed by Binh Duong and Hanoi.-VNA