Malaysia tops the ASEAN nations in FDI in Vietnam
With 22 newly-licensed projects and the total registered capital worth 2.44 billion USD, Malaysia topped the ASEAN countries has the largest foreign direct investment (FDI) in Vietnam in the 11 months of this year.
In January-November, seven countries in the ASEAN region had FDI projects in Vietnam, including Malaysia, Singapore, Thailand, Brunei, Indonesia, Philippines and Laos.
During the period, Vietnam has licensed 197 new FDI projects from these countries with the total registered capital of 3.5 billion USD and 458 million USD added to 82 operational ones.
The total newly registered and added capital of FDI projecs from ASEAN nations reached 3.97 billion USD in 11 months of this year.
Malaysia became the largest investor of the ASEAN region in Vietnam with 22 new projects worth 2.44 billion USD in registered capital and 91 million USD added to 16 operational ones reaching the combined capital of 2.5 billion USD.
However, in the number of projects, Singapore has led in the top countries having FDI projects in Vietnam in the ASEAN block with 119 new projects with the total newly registered and additional capital of 1.03 billion USD.
Overall, FDI of the ASEAN countries to Vietnam in 11 months of 2015 has achieved positive results but still modest compared with the region's potentials.
Vietnam and ASEAN nations have the same advantages such as favourable conditions in geographic and having deep understanding about customs and culture of each other. At the 27th ASEAN Summit held in Kuala Lumpur, Malaysia, the association adopted the formal Declaration on the establishment of the ASEAN Economic Community (AEC) and the AEC will officially take effect on December 31, 2015. It has been considered a ASEAN's milestone since the association was founded in 1967.
During the period, Vietnam has licensed 197 new FDI projects from these countries with the total registered capital of 3.5 billion USD and 458 million USD added to 82 operational ones.
The total newly registered and added capital of FDI projecs from ASEAN nations reached 3.97 billion USD in 11 months of this year.
In the past 11 months, Malaysia became the largest investor of the ASEAN region in Vietnam.
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However, in the number of projects, Singapore has led in the top countries having FDI projects in Vietnam in the ASEAN block with 119 new projects with the total newly registered and additional capital of 1.03 billion USD.
Overall, FDI of the ASEAN countries to Vietnam in 11 months of 2015 has achieved positive results but still modest compared with the region's potentials.
Vietnam and ASEAN nations have the same advantages such as favourable conditions in geographic and having deep understanding about customs and culture of each other. At the 27th ASEAN Summit held in Kuala Lumpur, Malaysia, the association adopted the formal Declaration on the establishment of the ASEAN Economic Community (AEC) and the AEC will officially take effect on December 31, 2015. It has been considered a ASEAN's milestone since the association was founded in 1967.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years