HANOI, VIETNAM–Taiwanese businesses invested US$47 million in Vietnam in the first quarter of this year, Vietnamese government statistics show.
The investments involved 14 new projects and five business expansion projects, according to data compiled by Vietnam’s Ministry of Planning and Investment.
As of the end of March, Taiwan had invested US$28.5 billion in 2,401 projects in Vietnam since statistics were first kept in 1988, making it the fourth largest foreign investor in the Southeast Asian country.
The largest portion of the Taiwanese investment to date �X US$23.5 billion �X was made in the processing and manufacturing sectors. Another US$1.69 billion has been invested in the real estate sector, and US$1.5 billion has been injected into the construction sector.
By region, US$10.2 billion of the investment has been in Ha Tinh province, US$4.8 billion has been put into Dong Nai province and US$2.6 billion has been invested in Binh Duong province.