Eight ASEAN member countries invest over US$ 56 billion into Vietnam

Currently, eight ASEAN member countries including Singapore, Malaysia, Thailand, Brunei, Indonesia, Philippines, Laos and Cambodia have invested over 2, 700 projects into Vietnam with total capital of US$ 56. 85 billion accounting for nearly 21 percent of total foreign direct investment capital in the country, reported the Foreign Investment Department.
 
ASEAN investors are present in 57 out of the 63 cities and provinces nationwide. The ASEAN’s investment capital in Vietnam has been mainly focused on the processing industry and real estate in big cities such as Ho Chi Minh City, Hanoi, Ba Ria- Vung Tau, Binh Duong, Dong Nai and others.
 
Recently, leaders of ASEAN countries signed the declaration about establishment of ASEAN community that is expected to bring significant benefits, create more favorable conditions for market approach, reduce cost price and unemployment, and create advantages for people and ASEAN member countries.

By Han Ni- Translated by Huyen Huong

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.