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S. Korea remains largest foreign investor in Vietnam: agency

Xinhua, February 2, 2015 Adjust font size:

South Korea remains the partner contributing the largest foreign direct investment (FDI) to Vietnam so far, said Foreign Investment Agency (FIA) under Vietnam ' s Ministry of Planning and Investment on Monday.

As of Jan. 20, South Korea has invested in 4,140 projects with total registered capital of 37.43 billion U.S. dollars in Vietnam.

South Korea has been present in 51 out of 63 localities across Vietnam. The country's capital Hanoi lured the most amount of FDI from South Korea with 868 projects and registration of 5.3 billion U.S. dollars, accounting for 14.2 percent of the national total, said FIA on its website on Monday.

Northern Thai Nguyen province ranked the second with 4.72 billion U.S. dollars, accounting for 12.6 percent of Vietnam's total FDI while southern Dong Nai province ranked third with 4.56 billion U.S. dollars, accounting for 12.2 percent of total FDI.

South Korean investors seem to show most interest in industrial manufacturing, processing with 2,510 projects and registration of 24.03 billion U.S. dollars.

Real estate business ranks the second with 81 projects and 6.99 billion U.S. dollars while construction ranks the third with 568 projects and 2.4 billion U.S. dollars in registration.

Several projects with over-1-billion-U.S. dollar investment of South Korea in Vietnam include the second stage of Samsung Thai Nguyen hi-tech complex (investment of three billion U.S. dollars), LG Electronics Vietnam Hai Phong (1.5 billion U.S. dollars), Samsung Electro-mechanics Vietnam (1.23 billion U.S. dollars), Posco-Vietnam (1.128 billion U.S. dollars) and Samsung Display Bac Ninh (1 billion U.S. dollars) among others, according to the agency. Endi