US invests in 17 out of 21 industries in Vietnam   American investors pour US$4.68 billion into 17 accommodation and food service projects NDO - American enterprises have invested in 17 out of 21 industries in Vietnam with the majority in the accommodation and food service industry, the Foreign Investment Agency under the Ministry of Planning and Investment announced on April 14. American investors have poured US$4.68 billion into 17 accommodation and food service projects, accounting for 42.3% of the total US investment in Vietnam. The manufacturing and processing industry was their second choice with an investment of US$2.24 billion in 323 projects, accounting for 20.3% of the total US investment in Vietnam. By March 20, the US had 735 valid projects in Vietnam with a total registered capital of over US$11 billion, ranking seventh among 101 countries and territories investing in Vietnam. The average capital per US project in Vietnam is US$15 million, which is higher than the average capital of a foreign direct investment (FDI) project in Vietnam at US$14.3 million. In the first quarter of 2015, eight new US projects were licensed and two existing projects were approved to expand capital with a total newly registered and supplemented capital of nearly US$70 million, ranking seventh among 33 countries and territories investing in Vietnam in the first quarter of this year. The statistics from the Foreign Investment Agency showed that 74.8% of the US investment in Vietnam was poured into wholly US-owned projects and 23.5% of investment was in joint-venture projects, while a small percentage of investment went to joint stock companies and business co-operation contracts. American investors are present in 42 of 63 provinces and cities nationwide with 18 projects worth US$5.3 billion in Ba Ria-Vung Tau province, making up 50% of the total US investment in Vietnam. Hai Phong was the runner-up, attracting 13 projects valued US$1.2 billion while Binh Duong province came in third with 970 projects worth US$780 million. To date, Winvest Investment Vietnam has been the largest US project in Vietnam, located in Ba Ria-Vung Tau with a total investment of US$4.1 billion since 2007. Nhandan