Republic of Korea tops foreign investment in first half of 2016

Friday, 2016-07-01 16:46:08
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Samsung plans to open a research and development centre in Hanoi.
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NDO - The Republic of Korea was the largest foreign investor in Vietnam in the first six months of the year at US$3.99 billion, equivalent to 35.37% of total direct foreign investment.

According to the Foreign Investment Agency, Japan and Singapore came second and third with US$1.229 billion and US$1.129 billion poured into Vietnam respectively.

In the first six months of 2016, total new and additional pledges were US$11.284 billion, up 105.4% over the same period last year, while disbursement rose 15.1% to reach US$7.25 billion.

Foreign investment was poured into 19 sectors, in which manufacturing remained the most attractive, drawing more than US$8 billion, equivalent to 71.4% of total pledges.

Real estate came second with US$604.8 million, while sci-tech ranked third with US$562.3 million.

Major projects granted licences in the first half of 2016 were LG’s display manufacturing facility in Hai Phong, Samsung’s research and development centre in Hanoi and a wind farm in Tra Vinh province.