Red River Delta absorbs over US$ 25 bln in FDI from RoK & Japan

13:30 | 29/12/2014

VGP ? The Republic of Korea (RoK) was the leading foreign investor in the Red River Delta with US$ 12.9 billion of registered capital, followed by Japan with US$ 12.7 billion, according to the Foreign Investment Agency (FIA).

Illustration photo

The FIA reported that as of mid-December, the two East Asian countries poured around US$ 63 billion of FDI in 11Red River Delta cities and provinces. The figure accounted for around 25% of the country’s total FDI amount.

Ha Noi ranked first in the region with US$ 23.4 billion in 3,013 projects, accounting for 58% and 38% in terms of  projects and capital; followed by Hai Phong city with US$ 10.9 billion in 441 projects; Bac Ninh province; and Hai Duong province.

The processing and manufacturing industry was the most attracting sector with over 2,400 projects valuing US$ 32.6 billion in registered capital (making up 47% of number and 51% of total investment).

Real estate and construction followed with US$ 10.2 billion and US$ 4.2 billion in registered capital, respectively./.  

By Kim Loan