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Malaysia leads in ASEAN investment

Released at: 18:17, 09/12/2015

Malaysia leads in ASEAN investment

Malaysian investors begin 22 new projects in Vietnam this year, with 16 existing projects adding capital.

by Son Ho

Seven ASEAN countries invested in Vietnam during the first eleven months of 2015 - Malaysia, Singapore, Thailand, Brunei, Indonesia, the Philippines, and Laos, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. There were a total of 197 new and expanded projects, with capital totaling $4 billion.

Malaysia topped the list, with 22 newly-registered projects and 16 adding capital to existing projects, of $2.4 billion and $91 million, respectively.

Singapore had the most new projects, worth more than $1 billion.

The field that attracted the most projects from ASEAN investors was manufacturing and processing, with 38 per cent of the total number of projects and 40 per cent of total capital, followed by textiles. The common feature of projects in textiles was that they were mostly of small scale, at around $6 million each on average, and were primarily found in Ho Chi Minh City and nearby Dong Nai, Binh Duong, and Long An provinces.

Real estate was also popular among ASEAN investors, with projects averaging around $167 million each, mostly in Ho Chi Minh City and Hanoi.

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