Thailand invests over $13 billion in Vietnam throughout 2021

22-Jan-2022 Intellasia | VOV | 5:02 AM Print This Post

Thai businesses invested in 645 valid projects nationwide with total registered capital of over $13 billion last year, ranking eight out of 140 countries and territories investing in the country, according to figures given by the Ministry of Planning and Investment.

Most notably, Thailand’s foreign direct investment (FDI) capital into the country reached $927.12 million in 2019 before skyrocketing to $1.8 billion in 2020 with the involvement of the Long Son petrochemical project.

Last year, despite the complicated developments of the COVID-19 pandemic, Thai businesses invested in 35 new projects capitalised at $349.47 million in the Vietnamese market, ranking 11 out of 106 countries and territories investing in the country.

Most of Thailand’s FDI projects in the Southeast Asian nation are small-scale with 498 projects worth less than $10 million, accounting for 77.2 percent of the total number of projects.

The majority of capital flows were poured into the processing and manufacturing industry, with 242 projects worth $9.78 billion, making up 37.5 percent of projects and 75.2 percent of Thailand’s total investment capital in the country.

At present, Thai enterprises have so far invested in 48 out of 63 provinces and cities nationwide, mainly in HCM City, Hanoi, Binh Duong, Dong Nai, and Ba Ria Vung Tau.

https://english.vov.vn/en/economy/thailand-invests-over-us13 billion-in-vietnam-throughout-2021-post919598.vov

 

Category: Business, Vietnam

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