Vietnam lured close to US$18.15 billion in foreign direct investment (FDI) from the beginning of this year to 20 August 2023, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Source: Vietnam Plus
Vietnam lured close to US$18.15 billion in foreign direct investment (FDI) from the beginning of this year to 20 August 2023, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In the period, there were 1,924 newly-registered projects with a combined capital of US$8.87 billion, up 69.5% and 38.6% compared to the same period last year, respectively.
Meanwhile, over US$4.53 billion was added to 830 existing projects, down 39.7% and up 22.8% year-on-year, respectively. The value of capital contribution and share purchase deals rose by 62.8% to US$4.47 billion.
The manufacturing and processing sector led in FDI attraction, with close to US$13 billion, followed by real estate with more than US$1.76 billion. In the January-August period, Singapore topped the list of countries and territories pouring capital into the country with more than US$3.83 billion, down 15.4% annually, followed by China (nearly US$2.69 billion) and Japan (over US$2.58 billion).
For Vietnam, Hanoi received the lion’s share – US$2.34 billion – of the foreign investment, up 2.89 times against last year. Hai Phong came second with over US$2.08 billion, increasing by 72.2%, followed by Ho Chi Minh City, Bac Giang, and Binh Duong. As of 20 August 2023, FDI disbursement was estimated at about US$13.1 billion, an annual rise of 1.3%.
Stories You May Have Missed:
Vietnam Projected To Enjoy Positive Economic Outlook In H2 2023
Vietnam Drives German Investors’ Optimism
Vietnam — The Up And Coming Semiconductor Hub?
Vietnam Automobile Market Continues Growing In March
Vietnam Automobile Sales Rebound in February
Vietnam Exports Robotic Surgery Techniques To The Philippines
Vietnam’s VinFast Recalls Nearly 2,800 VF8 SUV
Vietnam Receives New Automotive Project License In Quảng Ninh
Chinese EV Maker BYD Said To Build Vietnam Component Plant
Basic Manufacturing Vietnam Can Step In Climbing Up The Value Chain
WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!
Letter to the Editor
Do you have an opinion about this story? Do you have some thoughts you’d like to share with our readers? APMEN News would love to hear from you!
Email your letter to the Editorial Team at [email protected]