Vietnam attracts US$18.15 billion in FDI in Jan-Aug

August 26, 2023

HCMC – International investors had pledged around US$18.15 billion in new capital to Vietnam in the year to August 20, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. During this period, there were 1,924 new projects approved, with total registered capital of US$8.87 billion, an 8.2% rise in project numbers and a 39.7% increase in registered capital year-on-year. Concurrently, 830 operational projects added US$4.53 billion, a 22.8% rise in project numbers and a 39.7% decline in capital adjustment compared to the previous year. Notably, the processing and manufacturing industry led the way with total investment capital of nearly US$13 billion, constituting 67.8% of the total and soaring by 14.7% year-on-year. Singapore, as the largest foreign investor, pledged over US$3.83 billion in Vietnam during the period ending August 20, accounting for 21.2% of the total new investment capital, while China ranked second with US$2.69 billion or 14.8%.

The source of this news is from The Saigon Times

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