China's Hong Kong ranks 2nd among foreign investors in Vietnam in 2014

Statistics of the ministry showed that property was the second most attractive sector to foreign investors in Vietnam in 2014. Some big projects included the $2.5 billion tourism complex of the US-based Rose Rock in coastal central Phu Yen province's Vung Ro Bay and the $2 billion hotel and office complex in Thu Thiem New Urban Area in southern HCM City.

Hong Kong investors currently have 869 valid projects in Vietnam with combined registered capital of $15.46 billion, ranking sixth among 101 countries and territories investing in Vietnam.

A project of Hong Kong in Vietnam costs $17.8 million on average while the average investment of a foreign project in Vietnam is $14.3 million.

So far, Hong Kong has invested in 17 out of 21 sectors in Vietnam. Of which, processing and manufacturing made up the largest investments of Hong Kong investors with 409 projects having a combined capital of $7.06 billion while the property sector has 45 projects worth $2.5 billion, according to the ministry.