Vietnam’s FDI attraction maintains upward trend in January-August
Monday, August 28, 2023, 18:43 GMT+7
Vietnam attracted close to US$18.15 billion of foreign capital in the year to August 20, improving 8.2 percent over the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Of the total, more than $8.87 billion was poured into 1,924 new projects, up 39.7 percent in value and 69.5 percent in number against last year.
Besides, 830 projects registered to adjust their investment with additional capital of over $4.53 billion, rising 22.8 percent in volume and down 39.7 percent in value year on year.
During the January-August period, foreign investors conducted 2,268 transactions of capital contribution for share purchases, with a total fund of $4.47 billion, declining 6.5 percent in the number of transactions and inching up 62.8 percent in value versus the figures one year ago.
Foreign investors injected capital into 18 out of 21 sectors in the Southeast Asian nation.
Among them, the processing and manufacturing sector was the largest recipient of foreign direct investment (FDI), with nearly $13 billion, accounting for roughly 67.8 percent of the total pledged capital, up 14.7 percent year over year.
The real estate sector took the second place with over $1.76 billion, equivalent to 9.7 percent of the total registered funding, dipping 47.2 percent compared to 2022, followed by the finance-banking and science-technology sectors.
The FIA also revealed that Singapore was the biggest investor with over $3.83 billion, followed by China, Japan, South Korea, and Hong Kong.
As for the localities receiving foreign capital in the country, Hanoi took the lead with total pledged capital exceeding $2.34 billion, representing some 12.9 percent of the total figure and up 2.89-fold year on year.
The northern port city of Hai Phong came second with over $2.08 billion, or 11.5 percent of the total and up 72.2 percent versus last year, followed by Ho Chi Minh City and northern Bac Giang Province.
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