Japan is expected to be Viet Nam's biggest foreign investor. — Photo thanhnien.com.vn

HA NOI – By March 2014, Japan had 2,237 valid projects in Viet Nam with a total registered capital of US$35.38 billion, making it the largest of Viet Nam's foreign investors from 101 countries and territories around the world.

Japan has invested in 18 out of 21 economic sectors in the country. Processing and manufacturing lead the way, with 1,213 projects worth US$29.82 billion in registered capital, equivalent to 84.3 percent of the total foreign investment. It is followed by the fields of property and construction.

Japanese corporations have poured money into Viet Nam through different forms of investment. They have 1,838 projects in the country entirely operated by their investment, making up 82.2 percent of the total number of projects They also have 362 joint-venture projects (16.2 percent of the total), with a total registered investment capital of US$14.8 billion. Finally, joint stock companies and business contracts account for the remaining small proportion of Japanese investment.

Japanese investment has extended to 48 out of 63 localities across the country. The central province of Thanh Hoa topped the regions in attracting Japanese investment with 8 projects valued at US$9.67 billion, or 27.3 percent of the total investment. It was followed by southern Binh Duong province and Hanoi.

Minister of Planning and Investment Bui Quang Vinh asserted Viet Nam has spared no effort to improve its investment and business climate, which he said was recognised by foreign investors. He added that the country is also trying to perfect legal frameworks to heighten the effectiveness of attracting FDI from Japan and other countries in general. — VNA/VNS