Japan leads foreign investment in Vietnam

VOV

Japan has surpassed all other nations to become the largest source of foreign direct investment in Vietnam, with 2,237 projects and registered capital of $35.38 billion.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, the average investment of a Japanese project is $15.8 million, substantially higher than the overall average of all nations combined of $14.58 million.

Currently, Japan has concentrated its investments heavily in the manufacturing and processing industry with 1,213 projects at $29.82 billion, accounting for 84.3 percent of its total investment in Vietnam.

Real estate with 30 projects and construction with 54 projects follow in second and third place at $1.4 billion and $1.05 billion, respectively.

Japanese firms have highly diversified their investment in 48 out of the 63 provinces and cities across Vietnam with Thanh Hoa province receiving the majority of funds funneled into 8 projects at $9.67 billion, followed by Binh Duong with 224 projects at $4.18 billion and Hanoi with 538 projects at $3.86 billion.

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