FDI inflows into Vietnam rise by 8.2% in Jan-Aug 2023

29 Aug '23

2 min read

Pic: junrong / Shutterstock

Insights

FDI inflows into Vietnam rose by 8.2 per cent year on year (YoY) to $18.15 billion in the first eight months of 2023, official data shows.
The figure includes $1.91 billion from August 1-20.
Manufacturing and processing took the lead by luring nearly $13 billion—a rise of 14.7 per cent YoY.
Singapore was the top investor in the period, with more than $3.83 billion.

Foreign direct investment (FDI) inflows into Vietnam increased by 8.2 per cent year on year (YoY) to nearly $18.15 billion in the first eight months this year, according to the Foreign Investment Agency (FIA) under the ministry of planning and investment. The figure includes $1.91 billion from August 1-20.

Between January and August this year, there were 1,924 licenced projects with a total registered capital of more than $8.87 billion—up by 69.5 per cent and 39.7 per cent YoY in terms of projects and capital value respectively.

Foreign investors pledged to add over $4.53 billion to 830 existing projects, while their total capital contributions and share purchases reached $4.47 billion.

Manufacturing and processing took the lead by luring nearly $13 billion—a rise of 14.7 per cent YoY.

Singapore was the top foreign investor in the eight-month period, with more than $3.83 billion, accounting for over 21.2 per cent of the total foreign investment capital. It was followed by China with $2.69 billion, and Japan with $2.58 billion.

Ha Noi topped the cities receiving foreign investment, with a total registered capital of more than $2.34 billion, followed by Hia Phong, with more than $2.08 billion.

Disbursed volume increased by 1.3 per cent YoY to around $13.1 billion, according to a news agency.

ALCHEMPro News Desk (DS)

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