Country following only South Korea and Malaysia in year-to-date investment capital.
Japanese investors registered 281 new projects and added capital to 192 existing projects in the first eleven months of 2015, with total investment standing at $1.72 billion, the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment reports. It follows South Korea and Malaysia in total capital invested during the year.
Manufacturing and processing received the most Japanese investment, with 99 new and 77 expanded projects with capital of $922.9 million, or 53.5 per cent of the total.
The second most-popular field was construction, with eight new projects and one existing project adding capital, totaling $355.9 million, or 20.6 per cent, then real estate, with investment of $146.84 million, accounting for 8.5 per cent.
The primary method of investment was 100 per cent foreign investment, with 233 new projects and 115 projects adding capital, of $1.3 billion in total and accounting for 75.6 per cent. Build-operate-transfer (BOT) also received a significant amount, of $343.65 million, or nearly 20 per cent, but was only in one project.
There were 46 new joint ventures and 13 adding capital to existing projects, with a total of $74.84 million, or 4.3 per cent. Business cooperation received the lowest amount of capital, with $1.8 million.
Japanese investors invested in 32 out of Vietnam’s 63 cities and provinces in the eleven months, with northern Quang Ninh province attracting the most, of $343.65 million, or 20 per cent of the total. Following was southern Ba Ria Vung Tau, with $169.8 million, or 9.8 per cent, and Ho Chi Minh City, with $146.4 million, or 8.5 per cent.
According to the FIA, in the first eleven months of the year Vietnam registered 1,855 new foreign projects with total capital of $13.55 billion and additional capital of $6.66 billion in 692 existing projects.