Business

Vietnam absorbs 54.6 bln USD in FDI from ASEAN nations

As many as 2,629 foreign direct investment (FDI) projects worth 54.6 billion USD from eight ASEAN member nations have operated in Vietnam as of June 2015.
Vietnam absorbs 54.6 bln USD in FDI from ASEAN nations ảnh 1Illustrative image (Source: VNA)

As many as 2,629 foreign direct investment (FDI) projects worth 54.6 billion USD from eight ASEAN member nations have operated in Vietnam as of June 2015.

The figures accounted for 14.2 percent of total FDI projects and 21.7 percent of total registered capital poured into the country, revealed the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The mentioned ASEAN investors in the viewed period included Singapore, Malaysia, Thailand, Brunei, Indonesia, Philippines, Laos and Cambodia.

Most of capital from these nations has come to manufacturing-processing and real estate, FIA said.

The real estate alone attracted 97 projects worth 16.6 billion USD, equal to 30.4 percent of total FDI investment.

Singapore was the leading investor in the field with 77 projects valuing 10 billion USD, followed by Malaysia with 16 projects worth 5.5 billion USD.

The ASEAN nations’ real estate projects mostly centred in the developed hubs of Ho Chi Minh City and Hanoi.

ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.-VNA

VNA
#FDI #real estate project #FIA #ASEAN member nations ASEAN
Follow VietnamPlus

Related News

Foreign funds move into property market

Foreign funds move into property market

Many foreign investors are now focusing on the property market in Vietnam, driven by its long-term investment potential and the country's drastic move in revamping its policies.
ASEAN firms eye Vietnamese market

ASEAN firms eye Vietnamese market

Vietnam will be the first destination for trade and promotional activities to be conducted by the ASEAN Business Club, the club decided at its forum which opened in Thailand on October 1 night.
FDI jumps over 53 percent in nine months

FDI jumps over 53 percent in nine months

As many as 17.15 billion USD in direct foreign investment (FDI) was poured into Vietnam in the first nine months of 2015, a year-on-year surge of 53.4 percent.

See more

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.

Prime Minister Pham Minh Chinh receives Wouter Van Wersch, Executive Vice President of Airbus International. (Photo: VNA)

PM suggests Airbus help Vietnam in developing aviation ecosystem

During a meeting on March 14 with Wouter Van Wersch, Executive Vice President International of Airbus, Prime Minister Pham Minh Chinh praised the aerospace giant’s cooperation with Vietnamese partners, emphasising its role in boosting domestic and international connectivity and driving Vietnam’s socio-economic growth.

The Vietnam Consumer Rights Day 2025 is under the theme "Transparent Information – Responsible Consumption". (Photo: VNA)

Hanoi launches campaign for Consumer Rights Day

The event, organised by the city's Department of Industry and Trade, aimed to promote consumer protection as a long-term, essential task for all levels of government, businesses and society.

At a MoU signing ceremony between PV Gas and ConocoPhillips, Excelerate Energy (Photo: VNA)

Vietnam – US economic ties strengthened with multiple agreements

PetroVietnam Gas Joint Stock Corporation (PetroVietnam PV Gas) signed Memoranda of Understanding with ConocoPhillips, an independent exploration and production company, and Excelerate Energy regarding long-term liquefied natural gas (LNG) purchase agreements.