Utilities Industry Receive the Largest FDI in 2017

Utilities Industry Receive the Largest FDI in 2017

Overtaking the manufacturing sector, utilities accounted for 42% of registered FDI in the first 11 months of 2017.

Investment in Vietnam - According to ANZ's report, Vietnam continues to be a major attraction for FDI in the region. In the first 11 months of 2017, newly registered FDI has increased by more than 50% compared to 2016, reaching US$ 16,301 million. Accumulating in 15 years from 2010 to 2015, the total FDI into Vietnam is nine times than that of its neighbors such as Myanmar, Laos and Cambodia. Ms. Eugenia Victorian, ANZ's Economic Specialist, Greater Mekong Subregion and Southeast Asia, expresses optimism that Vietnam will attract good FDI in the long run, thanks to macroeconomic stability such as the exchange rate, growth rate and inflation.

Notably, the surge of investment in utilities (electricity, gas, water, and air conditioners) rose by 42% on the contrary of 1% in 2016. Meanwhile, production sector (processing and manufacturing) decreased to 32% from 68% last year.

According to the Foreign Investment Department, among the big projects licensed in the first 11 months of 2017 are Nghi Son 2 BOT Thermal Power Plant with the capacity of 1,200 MW, Van Phong BOT Thermal Power Plant 1 with capacity 1,320 MW, Nam Dinh 1 BOT thermal power plant with a capacity of 1,109 MW, and the Block B - O Mon gas pipeline project.

The largest FDI partners in Vietnam come from Japan, Korea, Singapore, China, the British Virgin Islands, Hong Kong and Taiwan.

Department of Foreign Investment

Related news

INDUSTRIAL PARKS