RoK tops foreign investment in VN

In January-October, total FDI investment amounted to US$6.22 billion.

Korean investors participated in 16 sectors, mainly in the processing and manufacturing industries with 330 newly-registered projects and 217 expanded ones worth US$5.633 billion (accounting for 90.5% of total investment).

Electricity production and distribution had three projects valuing US$200 million; followed by wholesale and retail sales with US$94.2 million.

Out of the 583 newly-licensed projects, 539 were wholly foreign invested. The rest was in the form of joint-venture, joint-stock, and cooperative contract investment.

The FIA also announced that 41 provinces and cities absorbed the RoK’s investment of which the northern province of Bac Ninh lured 53.6% of investment or US$3.33 billion; followed by Dong Nai province with US$401.9 million and Hai Phong city with US$305.7 million.

Largest projects included Samsung Display Viet Nam with an additional capital of US$3 billion in Bac Ninh province; Heesung Electronics with US$154 million in Hai Phong city, and the US$120 million wind power plant in Tra Vinh province./.