A view at the Samsung factory in Thai Nguyen where cellphones are manufactured. (Photo: VNA) Hanoi (VNA) – The Republic of Korea (RoK) has been the biggest investoramong 86 countries and territories investing Vietnam so far this year, withtotal investment of 2.63 billion USD, accounting for 26.5 percent of total foreigndirect investment (FDI) the country has attracted in the reviewed period.
According to the Foreign Investment Agency under the Ministry ofPlanning and Investment, the RoK was followed by Japan with 1.52 billion USDand Singapore with 1.11 billion USD.
In 2017, the RoK wasthe second largest foreign investor in Vietnam, just behind Japan, with totalregistered capital of 8.49 billion USD. But in terms of accumulativeinvestment, the country ranked first among 125 countries and territoriesinvesting in Vietnam, with total investment capital of 57.7 billion USD by theend of December 2017.
The agency reported that in the first five months of 2018, Vietnamattracted 9.9 billion USD of FDI, equivalent to 81.6 percent of that in thesame period last year.
Of which, the processing and manufacturing industry lured 5.18 billionUSD, or 52.3 percent, while real estate enjoyed 1.07 billion USD, and retailand wholesale sector attracted 1.02 billion USD.
Ho Chi Minh City has been the most attractive destination out of 53 cities andprovinces in FDI attraction. The city lured 2.39 billion USD, or 24.2 percentof total investment. Hai Phong ranked second with 1.07 billion USD, followed byHanoi with 835.3 million USD.-VNA
VNA
