Foreign companies unveil plans to invest $3.7bln
Investment to be poured into heavy industry, green production, and medical equipment.
Three foreign companies from South Korea, Germany, and Japan unveiled plans to invest a total of $3.7 billion in Vietnam at the Prime Minister’s recent meeting with foreign investors in Hanoi, according to the Ministry of Planning and Investment (MPI).
They include a group from South Korea that plans to invest $1.6 billion in heavy industry and logistics.
Meanwhile, a German investor is eyeing green production using renewable energy, with capital estimated at $1.5 billion.
The remaining $600 million will come from a Japanese company producing medical equipment in Vietnam.
FDI inflows into Vietnam totaled $5.45 billion in the first quarter of 2023, equivalent to 61.2 per cent of the figure in the same period last year, data from the Foreign Investment Agency (FIA) at MPI show.
