Japan leads foreign investment in Vietnam
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.