ASEAN gives 40 percent foreign investment
Oil-rich Brunei has invested 4.41 billion USD in 14 projects, with a single project by the New City Properties Development Company accounting for 4.3 billion USD. The project involves construction of a complex of luxury hotels, resorts and amusement facilities in Phu Yen Province .
Brunei has jumped from 27 th place to 10 th out of 81 countries and territories investing in Vietnam .
Malaysia has signed 28 new projects with a total investment of 5.07 billion USD.
The biggest, a university urban area in HCM City by Berjaa Leisure Corporation, involves an investment of 3.5 billion USD.
Singapore is set to invest 4.02 billion USD in 48 projects, including a 1.2 billion USD telecom joint venture in the southern hub.
Thai firms have been licensed to invest 4 billion USD in 16 projects. The Long Son oil refinery plant in Ba Ria-Vung Tau accounts for 3.7 billion USD of that amount.
Other ASEAN investors include the Philippines with 37 projects and 277 million USD, Indonesia with 21 projects and 178 million USD, Laos with nine projects and 48 million USD, and Cambodia with six projects and 6 million USD.
The bloc has, to date, 1,086 projects involving a total investment of 33.85 billion USD, or 25 percent of the total foreign investment in the country.
Most ASEAN firms are involved in real estate, manufacturing, tourism, trading, food and drinks processing.
Vietnamese businesses too are stepping up investments in ASEAN countries.
Vietnam has a cumulative investment of 1.66 billion USD in 190 projects in these countries.
It has 123 projects worth 1.28 billion USD in Laos , seven projects worth 163 million USD in Malaysia, 34 projects worth 153 million USD in Cambodia, 19 projects worth 29 million USD in Singapore , three projects worth 21 million USD in Indonesia, and four projects worth 10 million USD in Thailand.
Vietnamese investment in ASEAN countries is mainly in hydropower projects, trading, transportation, health care, rubber farming, timber exploitation, and services.
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