FDI into Vietnam $8.9 bn in Jan-Apr 2023; Singapore leads with $2.2 bn

26 Apr '23

1 min read

Insights

Foreign direct investment into Vietnam neared $8.9 billion so far in 2023 with a rise in new capital after a small dip in the first three months.
Till April, foreign investors conducted 1,044 transactions of capital contribution and share purchases, with their contributed capital exceeding $3.1 billion.
The number of nations and territories investing was 77.

Foreign direct investment (FDI) into Vietnam neared $8.9 billion so far this year with a rise in new capital after a slight fall in the first three months.

Seven hundred and fifty new projects worth over $4.1 billion were granted investment licences during the period, according to the ministry of planning and investment’s Foreign Investment Agency (FIA).

In the first four months this year, foreign investors conducted 1,044 transactions of capital contribution and share purchases, with their contributed capital exceeding $3.1 billion—up by 70.4 per cent year on year. They invested in 18 sectors, mostly in processing and manufacturing, with over $5.1 billion or 57.8 per cent of their total investment.

The number of countries and territories investing in Vietnam during the period amounted to 77. Singapore led by pouring close to $2.2 billion in Vietnam, followed by Japan with nearly $2 billion and China with $752 million, a news agency reported.

Hanoi was the top FDI destination, attracting more than $1.1 billion. Bac Giang was second, followed by Ho Chi Minh City, Binh Duong and Dong Nai.

ALCHEMPro News Desk (DS)

More Textiles News - Vietnam...