Vietnam's foreign investments rise to $416.8 mn in Q3 2023

11 Oct '23

1 min read

Pic: Dong Nhat Huy / Shutterstock

Insights

Vietnam's aggregate investment in foreign markets reached $416.8 million in Q3 2023—a 4.6 per cent rise YoY.
Eighty-four projects worth over $244.8 million were approved for new investment during Q3—a YoY fall of 29.5 per cent.
Canada attracted the most capital, exceeding $150 million, followed by Singapore ($115 million) and Laos ($114 million).

Vietnam’s aggregate investment in foreign markets reached $416.8 million in the third quarter (Q3) this year—a 4.6 per cent rise year on year (YoY).

Eighty four projects worth over $244.8 million were approved for new investment during the quarter—a YoY decrease of 29.5 per cent. Eighteen projects saw an adjustment in investment capital—a 3.38-fold surge—totalling nearly $172 million.

Canada attracted the most Vietnamese capital, exceeding $150 million, followed by Singapore and Laos, with $115 million and $114 million respectively, according to domestic media reports.

Vietnam boasted 1,667 active overseas investment projects spanning 24 nations and territories as of September 20, with a cumulative investment capital of almost $22.1 billion, according to the Foreign Investment Agency under the ministry of planning and investment.

State-owned enterprises initiated 141 projects valued at nearly $11.7 billion, constituting 52.8 per cent of the country’s total investments abroad.

ALCHEMPro News Desk (DS)

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