Vietnam FDI Inflows Top US$18 Billion In 8 Months

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%.

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