The $1.2 billion
Tokyu Binh Duong Garden City project took the lead in attracting foreign direct
investment (FDI) in the first three months of the year.
The real estate project has been licensed in March and will be jointly
developed by Vietnam’s Becamex IDC and Japan’s Tokyu Corporation.
According to the Foreign Investment Agency, the project has helped
raise total registered FDI capital in March to $1.23 billion, equivalent to the
whole of the total registered FDI capital of the two previous months.
Processing and manufacturing industries ranked second, with 51
newly-licensed projects and 25 operational projects registering to increase
capital, capitalised at $1.17 billion, accounting for 44.6 per cent of the
total registered investment capital.
Transport and warehousing placed third, with total newly-licensed and
increased capital reaching $180 million.
The large-scale projects in March all belong to Japanese investors,
including the $1.2 billion Tokyu Binh Duong Garden City project, the $575
million project of the Bridgestone Tyre Co, Ltd, and the $180 million project
of the Oshima Shipbuilding Group.
It is estimated that Vietnam has disbursed $252 billion in FDI in the
first quarter, equivalent to 99.2 percent of the same period last year. In
March alone, FDI disbursement reached $1.52 billion.
VOV
Business & Investment Opportunities
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