January sees Japan top list of foreign investors in Vietnam
Kyoshin, Katolec Global Logistics, and Sews Components Vietnam II are among the three most notable investors from Japan as January saw them inject US$200 million into Vietnam, making up more than half of US$364 million in Japan’s total FDI into the country.
One notable project was by Japanese company Kyoshin Vietnam which raised investment capital by US$134.7 million in order to construct a factory specializing in manufacturing molding products and electrical spare parts.
Others included a US$65 million logistics project funded by Katolec Global Logistics Vietnam in the northern province of Ha Nam and the US$64.89 million project funded by Hay Sews Components Vietnam II which saw a factory built in the northern province of Hung Yen.
With investment coming in three major projects, Japan retained its leading position among FDI investors nationally during January, this was followed by the Republic of Korea (US$349.1 million), and China (US$307.8 million). During the course of 2019, Japan is predicted to top foreign investors in Vietnam.
Goki Nobuka, CEO of the Thang Long Vinh Phuc Industrial Park Co, Ltd said the wave of Japanese investment into Vietnam has significantly increased, noting that a total of eight Japanese businesses have poured investment into Vinh Phuc Industrial Park recently.
Upon completion, Vinh Phuc IP is expected to welcome 80 Japanese investors, focusing on a wide range of fields such as the supporting industry, hi-tech, engine, and component production for the automobile industry, electronics components, and precision mechanics.
Dr. Phan Huu Thang, former director of the Foreign Investment Agency, said with Japan’s investment achievements in Vietnam over the past 30 years since the Foreign Investment Law took effect in 1987, there has been a stable trend of Japanese investment into Vietnam.
He pointed out that with momentum for growth in 2018, Japan’s flow of capital into Vietnam is projected to keep increasing throughout 2019 and beyond.
Related News
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Latest News
Warn about the fraudulent tricks of stock investment
16:30 | 07/05/2024 Finance
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Six localities should expedite site clearance and public investment
10:36 | 05/05/2024 Finance
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
More News
Banks strengthen information security systems
14:55 | 03/05/2024 Finance
“Opportune environment” for growth of insurance enterprises
10:15 | 03/05/2024 Finance
Closely monitoring fluctuations to calculate the appropriate time to adjust prices
15:35 | 02/05/2024 Finance
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Your care
Warn about the fraudulent tricks of stock investment
16:30 | 07/05/2024 Finance
State budget revenue estimated at VND733.4 trillion
14:40 | 06/05/2024 Finance
Six localities should expedite site clearance and public investment
10:36 | 05/05/2024 Finance
Banks announce plans to significantly increase capital
15:11 | 04/05/2024 Finance
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance