RoK becomes VN’s largest FDI provider

SATurday - 20/08/2022 03:51    

The Republic of Korea (RoK) poured US$3.99 billion of FDI into Viet Nam in the first half of 2016, making it the largest FDI provider of the Southeast Asian nation, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The FIA reported that the RoK held 35.37% of total investment.  
 
In the January-June period, total registered and additional capital valued US$11.284 billion, up 105.4%. Around US$7.25 billion of FDI was disbursed, representing a year-on-year growth of 15.1%.  
 
In the reviewed period, 61 countries and territories provided FDI for Viet Nam in which the RoK took the lead; followed by Japan with US$1.229 billion (accounting for 10.8%); Singapore with US$1.129 billion (10%).
 
The processing and manufacturing sectors drew the largest amount of FDI with 488 newly-registered projects and 405 additional-capital projects worth US$ 8.06 billion and accounting for 71.4% of total investment capital.
 
Real estate business ranked second with 25 newly-registered projects worth US$604.8 billion. Scientific area came in third by absorbing US$562.3 million and making up 4.9% of total investment./.