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South Korea tops 2019 foreign investor list

Released at: 10:43, 31/12/2019

South Korea tops 2019 foreign investor list

Photo: Viet Tuan (VET)

$7.92bn poured into Vietnam in 2019 by South Korean investors.

by Linh Chi

With $7.92 billion poured into Vietnam in 2019, South Korea topped the list of 125 countries and territories investing in the country for the year.

According to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment, a total $38.02 billion in FDI, a ten-year high, had come to Vietnam this year as at December 20, of which the amount from South Korea accounted for more than one-fifth.

The total represented a year-on-year increase of 7.2 per cent and included newly-registered capital, additional capital to existing projects, and share purchases by foreign investors.

Hong Kong (China) ranked second with $7.87 billion and Singapore third with $4.5 billion, followed by Japan and China.

Hanoi absorbed the largest share of FDI, with $8.45 billion or 22.2 per cent of the total, followed by Ho Chi Minh City with $8.3 billion.

Disbursement of FDI capital also reached a record $20.38 billion in 2019.

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