Japan’s Investment of US$37.7 Bn in Vietnam Projects

Published Date : Jul 07, 2015

According to the Vietnamese Foreign Investment Department show, Japan’s investment in 2,661 projects reached an investment of around US$37.7 billion in Vietnam as of June 20. Most of these projects were manufacturing /processing sector accounting for US$31.3 billion and 1,357 projects. 

Hanoi is second in place investments of around US$4.1 billion in 661 projects. Binh Duong is in the third place (US$3.85 billion) in 248 projects. 

Japan heads the H1 IT with many investors taking the lead in investing in information and technology projects in the heart of the city during the first half of this year. This was announced by the Hanoi Department of Information and Communications. 

In addition, an amount of US$1.66 billion has been invested in the property sector too. The investors in Japan have their presence in 49 of the country’s 63 provinces and cities. 

The People’s Committee in Hanoi granted investment certificates to the field of information and technology with total capital touching US$64 million. It reached a year-on-year increase of 93.1 percent.

Among this total, Japan granted licenses to 23 brand new projects worth US$5 million. Korea ranked second with three projects accounting for 13 percent. 

Japan’s total export turnover of electronic products, peripheral equipment, manufacturing, and computer components has reached US$853 million, reported Hanoi Statistics Office. Of this total, the export turnover of the electronic products was at US$ 236 million – an increase of 84.37 percent year-on-year. 

Similarly, the computer components and peripheral equipment was US$617 million – an increase by 6.93 percent.  

The Department of Information and Communications said that in state offices the application for IT has been effective in the first six months. The department submitted their draft to the city’s people committee, as well as the regulations on the recognition of e-offices. This was in accordance with the Vietnam IT development - Politburo’s Resolution No. 36.