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40 percent of foreign investments in Vietnam from ASEAN
ASEAN member-countries have invested nearly US$17.5 billion in Vietnam this year, accounting for 40 percent of the total foreign directed investment in the period.
Most ASEAN projects have focused on property development.
Oil-rich Brunei has invested US$4.41 billion in 14 projects, with a single project by the New City Properties Development Company accounting for US$4.3 billion.
Meanwhile, Malaysia has signed 28 new projects with a total investment of US$5.07 billion.
Singapore is set to invest US$4.02 billion in 48 projects, including a US$1.2 billion telecom joint venture in the southern hub.
Thai firms have been licensed to invest US$4 billion in 16 projects. Significantly, the Long Son oil refinery plant in Ba Ria – Vung Tau accounts for US$3.7 billion of that amount.
Other ASEAN investors include the Philippines with 37 projects worth US$277 million, Indonesia with 21 projects worth US$178 million, Laos with nine projects worth US$48 million and Cambodia with six projects worth US$6 million.
Most ASEAN firms are interested in real estate, manufacturing, tourism, trading, food and drinks processing.
VOV
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