Japan invests $37.7b in VN projects

Update: July, 06/2015 - 09:35

Local workers make vehicle parts for Nissin Manufacturing Viet Nam, a Japanese-invested company in Luong Son Industrial Zone, northern province of Hoa Binh. — VNA/VNS Photo Danh Lam

HCM CITY (VNS) — As of June 20, Japan had invested US$37.7 billion in 2,661 projects in Viet Nam, statistics from the Foreign Investment Department show.

Of this the manufacturing/processing sector accounted for $31.3 billion and 1,357 projects.

An amount of $1.66 billion has been invested in the property sector.

Japanese investors have a presence in 49 of the country's 63 cities and provinces.

Thanh Hoa is the biggest beneficiary with $9.68 billion in 10 projects, accounting for more than a quarter of all Japanese investments.

Ha Noi is second with $4.1 billion in 661 projects, and Binh Duong third with $3.85 billion in 248 projects.

The biggest Japanese projects include the $9 billion Nghi Son Oil Refinery Project in the Nghi Son Economic Zone in Thanh Hoa, a $1.22 billion tyre plant by Bridgestone at the Dinh Vu Industrial Park in Hai Phong, and the $1.2 billion Tokyu – Binh Duong Urban Urban Area in Binh Duong Province.

Japan leads H1 IT

Japanese investors have taken the lead in investing in information and technology projects in the capital city during the first half of this year.

This was announced by the Ha Noi Department of Information and Communications.

The Ha Noi People's Committee granted investment certificates to 85 foreign-invested enterprises in the field of information and technology in the first half of this year, with the total capital reaching $64 million, a year-on-year increase of 93.1 per cent.

Of this, the city granted licences to 23 new projects worth $5 million.

Among them, nine newly invested projects are of Japan, making up more than 39.1 per cent of the total number of projects. Korea ranked second with three projects, accounting for 13 per cent.

According to a report released by Ha Noi Statistics Office, the city's total export turnover of electronic products, computer components, and peripheral equipment reached $853 million.

Of this, the export turnover of electronic products stood at $236 million, an increase of 84.37 per cent year-over-year, while that of computer components and peripheral equipment was $617 million, up 6.93 per cent.

The Ha Noi Department of Information and Communications said that the application of information and technology in state offices has been effective in the first six months.

The department has submitted to the city's people's committee the draft of the management of information and technology programmes, as well as regulations on the recognition of e-offices and building the draft of action programmes in accordance with the Politburo's Resolution No 36 on Viet Nam IT development. — VNS