Viet Nam remains an attractive investment destination for ASEAN investors, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Singapore-invested garment company in Viet Nam (Source: VNA)

As of April 20, ASEAN countries had invested in 2,600 projects in Viet Nam, which were capitalised at 54.43 billion USD, the FIA said, adding that the average investment capital per project was 20.9 million USD.

Singapore took the lead with investments in 1,408 projects worth 33.14 billion USD, or 60.8% of the total. Malaysia was next with 494 projects valued at 11.9 billion USD, or 22%, while Thailand ranked third with 389 projects worth 6.8 billion USD, or 12.4%.

During the reviewed period, the processing and manufacturing sector lured the majority of ASEAN investment with 1,001 projects capitalised at 22.14 billion USD, or 40.6% of the bloc's total FDI registered in the country. This was followed by the real estate industry with 97 projects worth 16.6 billion USD or 30.5%, and the construction sector with 174 projects worth 3.23 billion USD or 5.9%.

Further, the ASEAN community invested in 56 cities and provinces. HCM City placed first in attracting ASEAN investments with 1,122 projects with capital totaling 15.04 billion USD, followed by Ha Noi with 413 projects worth 8.55 billion USD and Ba Ria-Vung Tau Province with 67 projects worth 6.19 billion USD.

(Source: VNA)