Vietnam's Jan.-Aug. FDI inflow reaches over $18 billion, up 8.2%

The estimated figure includes $1.91 billion from August 1-20, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the January–August period, there were 1,924 licensed projects with total registered capital of more than US$8.87 billion, up 69.5 percent and 39.7 percent in terms of projects and capital value compared to the same period last year.

Foreign investors pledged to add over $4.53 billion to 830 existing projects, while their total capital contributions and share purchases reached $4.47 billion.

Manufacturing and processing took the lead by luring nearly $13 billion, an increase of 14.7 percent compared to the same period last year.

Real estate came in second with over $1.76 billion, down 47.2 percent year-on-year, followed by finance and banking sectors with nearly $1.54 billion.

Singapore was the top foreign investor in the reviewed period with more than $3.83 billion, accounting for over 21.2 percent of the total foreign investment capital. China came in second with $2.69 billion and Japan came in third with $2.58 billion. 

With a total registered capital of more than $2.34 billion, Hanoi was the top recipient of foreign investment, and Hia Phong came in second with more than $2.08 billion. 

Meanwhile, disbursed volume increased by 1.3 percent year-on-year to around $13.1 billion, reported the FIA.

As of August 20, 2023, Vietnam was home to 38,084 active FDI projects with a total registered capital of $453.26 billion, 63.3 percent of which had been disbursed.

Source: VGP