Chinese investment capital keeps pouring into Vietnam

(VOVWORLD) -Among 91 countries and territories investing in Vietnam in the first seven months of this year, Singapore led in investment capital with nearly 6.52 billion USD, accounting for 36% of the total sum. China led in the number of new investment projects which accounted for 29.7% of the total. 

Chinese investment capital keeps pouring into Vietnam - ảnh 1Minister of Planning and Investment Nguyen Chi Dung. Photo: MPI

Chinese FDI capital flows into Vietnam continue, according to the Ministry of Planning and Investment.

Minister Nguyen Chi Dung said FDI capital from China has been seen in the presence of global corporations specialized in technology, electricity-electronics, processing, manufacturing, infrastructure, renewable energy, and electric vehicles.

Chinese FDI into Vietnam used to focus on manufacturing and processing of wooden furniture, appliances, iron and steel, leather shoes, garments, food processing, and plastic packaging. But recently, Chinese capital has shifted to high-tech industries, components and spare parts for industrial production, electronics, automobiles, and green energy.

 

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