Singapore remains leading investor in Vietnam

Singapore remained the leading investor in Vietnam, with a total investment capital of over $978.4 million, accounting for almost 31.6% of the total investment capital in the country. 

Taiwan followed Singapore, with a registered investment capital of nearly $407.1 million, accounting for 13.1% of the total investment capital, an increase of 3.85 times compared to the same period. 

The Netherlands ranked third, with registered investment capital of nearly $369 million, accounting for over 11.9% of the total investment capital.

Foreign investors have invested in 39 provinces and cities across the country, with Bac Giang province leading with a total registered investment capital of over $824.3 million, accounting for more than 26.6% of the total registered investment capital, an increase of 8.4 times compared to the same period in 2022. 

Ho Chi Minh City ranked second with 103 new projects and a total registered investment capital of over $369.1 million, accounting for over 11.9% of the total investment capital nationwide, followed by Binh Duong, Quang Ninh, Dong Nai, and others.

China is the leading partner in terms of the number of new investment projects, accounting for nearly 17.2%, while South Korea leads in terms of the number of capital adjustments, accounting for 21.1%, and contributing capital to buy shares, accounting for 30.5%.

To attract larger foreign direct investment (FDI) projects in the future, many economic experts believe that Vietnam needs to fundamentally innovate all activities, from investment promotion, construction, to perfecting institutions and policies on foreign investment. 

These measures should be suitable for development trends, approach international standards, and be consistent with international commitments, ensuring coherence, consistency, transparency, and high competitiveness.

Foreign investors have invested in 17 out of the total 21 national economic sectors, of which the processing and manufacturing industry leads with a total investment capital of over $2.5 billion.

Although the COVID-19 pandemic has slowed FDI inflows to Vietnam, the country remains an attractive destination for foreign investors due to its stable political environment, low-cost labor, and favorable investment policies.

Source: Bao Tin Tuc