US invests in 17 out of 21 industries in Vietnam

American investors have poured US$4.68 billion into 17 accommodation and food service projects, accounting for 42.3% of the total US investment in Vietnam. The manufacturing and processing industry was their second choice with an investment of US$2.24 billion in 323 projects, accounting for 20.3% of the total US investment in Vietnam.

By March 20, the US had 735 valid projects in Vietnam with a total registered capital of over US$11 billion, ranking seventh among 101 countries and territories investing in Vietnam.

The average capital per US project in Vietnam is US$15 million, which is higher than the average capital of a foreign direct investment (FDI) project in Vietnam at US$14.3 million.

In the first quarter of 2015, eight new US projects were licensed and two existing projects were approved to expand capital with a total newly registered and supplemented capital of nearly US$70 million, ranking seventh among 33 countries and territories investing in Vietnam in the first quarter of this year.

The statistics from the Foreign Investment Agency showed that 74.8% of the US investment in Vietnam was poured into wholly US-owned projects and 23.5% of investment was in joint-venture projects, while a small percentage of investment went to joint stock companies and business co-operation contracts.

American investors are present in 42 of 63 provinces and cities nationwide with 18 projects worth US$5.3 billion in Ba Ria-Vung Tau province, making up 50% of the total US investment in Vietnam. Hai Phong was the runner-up, attracting 13 projects valued US$1.2 billion while Binh Duong province came in third with 970 projects worth US$780 million.

To date, Winvest Investment Vietnam has been the largest US project in Vietnam, located in Ba Ria-Vung Tau with a total investment of US$4.1 billion since 2007.

(Source: Nhandan Online)