BizLIVE - Malaysian investors registered to invest $2.42 billion in Vietnam in the first ten months of this year, accounting for 19.4% of total committed capital in the period.
Malaysia Remains at Top of Foreign Investors in Vietnam
Malaysia takes the lead among foreign investors in Vietnam in Jan-Oct. (Unit: million USD.) Source: GSO.
The amount has made Malaysia the largest for the second straight month of the 59 countries and territories having fresh investments in Vietnam, according to data of the General Statistics Office.
Malaysia’s Teknik Janakuasa Sdn. Bhd. in September won a license to build a $2.4-billion coal-fired power plant project with a capacity of 1,200-megawatt in the southern province of Tra Vinh.
Vietnam licensed 1,657 new foreign-invested projects with a total of committed capital of $12.43 billion in the year to October 20, rising 26.9% in number and 24.8% in value from the corresponding period of 2014.
Other 667 operational projects had their capital hiked by $6.87 billion in the period, the government-run office said.
In all, FDI approvals for both fresh and operational projects totaled $19.29 billion in the ten-month period, soaring 40.8% year-on-year.
FDI disbursements are estimated to have reached $11.8 billion between January and October, rising 16.3% over the same period of 2014.
Vietnam’s manufacturing and processing industry remained the most appealing to overseas investors in the ten-month period, attracting $12.48 billion or 64.7% of total registered capital.
Among 47 localities that have home to fresh FDI projects, Tra Vinh province takes the lead with $2.53 billion, followed by Ho Chi Minh City with $2.23 billion and Dong Nai province with $1.26 billion.
FDI attraction by locality. (Unit: million USD.) Source: GSO.