Foreign investment maintains momentum

January 02, 2023

(VEN) - According to the Ministry of Planning and Investment’s Foreign Investment Agency, in the first 11 months of the year, the number of delegations coming to explore investment opportunities in Vietnam surged by about 30 percent compared to a year ago. Many of the visiting delegations sought opportunities to shift investment from China to Vietnam and were primarily from Japan, the Republic of Korea, China, Hong Kong (China), and Singapore. In the January-November period, Vietnam attracted US$31.8 billion in foreign direct investment (FDI), a year-on-year increase of 3.1 percent. Although newly registered investment capital decreased, this figure was smaller than the previous months. According to the Foreign Investment Agency, in recent years, the value of capital contributions and share purchases by foreign investors have increased sharply and accounted for an increasing proportion of total FDI commitments.

The source of this news is from VIETNAM ECONOMIC NEWS