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Tuesday, September 17, 2024

Vietnam attracts over US$14 billion in FDI in Jan-Aug

By Gia Nghi

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HCMC – Vietnam attracted around US$14.15 billion in foreign direct investment (FDI) between January and August this year, up by 8% versus the year-ago period, according to the General Statistics Office.

This figure represents the highest FDI capital recorded over an eight-month period in the past five years.

By August 3, total registered foreign investment, including new capital registrations, capital adjustments, capital contributions to projects, and stake acquisitions, had reached US$20.5 billion, up by 7% year-on-year.

During this period, 2,247 new projects got investment certificates, with total pledged capital of US$12 billion, an 8% increase in project numbers and a 27% rise in capital.

The processing and manufacturing industry attracted the majority of newly registered capital, totaling nearly US$8.5 billion, or 71.1% of the total, followed by the real estate sector with US$2.4 billion, accounting for 20%.

Operational projects gained an extra US$5.7 billion in investment, while new funds via M&A deals amounted to US$2.8 billion, falling by 41% versus the same period last year.

Singapore was the leading investor in Vietnam, contributing US$4.6 billion, or 38.8% of total registered capital, followed by China with US$1.7 billion, Hong Kong with US$1.4 billion, and Japan with US$1.2 billion.

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