By March 2014, Japan had 2,237 valid projects in Vietnam with a total registered capital of 35.38 billion USD, making it the largest of Vietnam’s foreign investors from 101 countries and territories around the world.
Japan has invested in 18 out of 21 economic sectors in the country. Processing and manufacturing lead the way, with 1,213 projects worth 29.82 billion USD in registered capital, equivalent to 84.3 percent of the total foreign investment. It is followed by the fields of property and construction.
Japanese corporations have poured money into Vietnam through different forms of investment. They have 1,838 projects in the country entirely operated by their investment, making up 82.2 percent of the total number of projects They also have 362 joint-venture projects (16.2 percent of the total), with a total registered investment capital of 14.8 billion USD. Finally, joint stock companies and business contracts account for the remaining small proportion of Japanese investment.
Japanese investment has extended to 48 out of 63 localities across the country. The central province of Thanh Hoa topped the regions in attracting Japanese investment with 8 projects valued at 9.67 billion USD, or 27.3 percent of the total investment. It was followed by southern Binh Duong province and Hanoi.
Minister of Planning and Investment Bui Quang Vinh asserted Vietnam has spared no effort to improve its investment and business climate, which he said was recognised by foreign investors. He added that the country is also trying to perfect legal frameworks to heighten the effectiveness of attracting FDI from Japan and other countries in general.-VNA
Japan confirmed as Vietnam’s biggest foreign investor Related image(s)
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