Australia had 320 valid foreign direct investment (FDI) projects worth over US$1.65 billion in Vietnam at the end of 2014, ranking 19th among 101 countries and territories investing in the country, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
In 2014 alone, Australia funnelled US$142.84 million into Vietnam through 24 new projects and 6 existing projects.
FIA’s Director Do Nhat Hoang said Australia has become an important investment partner of Vietnam, adding that the two governments should work to create more favourable policies so as to enable the respective business communities to forge strong links, further promoting trade and investment cooperation between the two nations.
Economic experts are forecasting increasing amounts of foreign capital flow into Vietnam in the coming years, including additional projects from Australia.
As of December 15, 2014, Australian investors have invested in 18 of 21 national economic sectors in Vietnam, though they have focused primarily on the processing and manufacturing industry with 119 projects totalling US$1.03 billion, or 62.7% of the country’s total investment in Vietnam.
Australian investors are currently operating in 39 of the 63 provinces nationwide, most notably in the southern province of Ba Ria-Vung Tau with 11 projects valued at US$252.17 million, or 15.3% of Australia’s total registered capital in Vietnam.
Amr Nickel Limited is the largest Australian investor in Vietnam, with a US$136 million project in the northern mountainous province of Son La, specialising in exploring, exploiting, processing, and exporting ore. FBG Vietnam Holding Pty Ltd., is closely following with a beer and beverage production project worth US$126.4 million in the Mekong Delta province of Tien Giang.
Đăng ký: VietNam News