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Wednesday, July 24, 2024

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

The Saigon Times

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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.

Foreign investors also contributed capital and acquired shares, totaling US$4.47 billion, surging by 62.8% versus the year-ago period.

Foreign investment has extended into 18 out of the country’s 21 economic sectors. 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.

Following closely is the real estate industry with a commitment of US$1.76 billion, equivalent to 9.7%.

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%.

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