Malaysia invests in 663 projects in Vietnam

Malaysia invests in 663 projects in Vietnam. (Photo: baotintuc.vn)

According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Malaysia’s investment is mostly focused in education and training with 7 projects and 3.5 billion USD of registered capital, accounting for 26.9% the total registered capital.

It was followed by the processing and manufacturing industry with 241 projects, worth 2.83 billion USD, accounting for 21.8% of the total, and power generation with 6 projects and more than 2.66 billion USD of registered capital, making up 20.5%.

Some typical projects of Malaysia in Vietnam are: Berjaya Vietnam International University Town One Member Limited Liability Company project in HCM City, with a total registered capital of 3.5 billion USD; Coastal Thermal Power Plant 2 Project in Tra Vinh province, worth 2.4 billion USD; and Yen So Park construction project in Hanoi, worth 864 million USD.

In the first 9 months of the year, Malaysia had 14 new projects, 7 ongoing projects raising capital and 49 projects contributing capital and purchasing share projects in Vietnam, capitalized with 115.89 million USD, accounting for 0.5% of the total FDI into Vietnam since the beginning of the year.

By September 2021, 33 out of 63 provinces and cities in Vietnam absorbed investment from Malaysia. Ho Chi Minh City leads in investment capital with 4.74 billion USD, making up 36.5%. Following it was Tra Vinh with nearly 2.6 billion USD (20%) and Hanoi with 2.21 billion USD (16.3%)./.