Newly registered FDI into Vietnam rises by 54% YoY in year to Oct 20

It added up to more than $25.76 billion in total FDI during the period—a rise of 14.7 per cent, according to the Foreign Investment Agency (FIA) under the ministry of planning and investment.

Of the total, over $5.33 billion was added to 1,051 existing projects.

Meanwhile, foreign investors spent over $5.13 billion on contributing capital to and purchasing shares of domestic companies during the period—a rise of 35.4 per cent YoY.

About $18 billion was disbursed for FDI projects during the period—up by 2.4 per cent YoY, a news agency reported.

The processing and manufacturing industry led the FDI flow with nearly $18.84 billion, accounting for almost 73.1 per cent of the total and rising by 45.8 per cent YoY. The wholesale-retail sector attracted nearly $907 million—up by 6.3 per cent YoY.

The processing and manufacturing sector also ranked first in terms of new projects (32.8 per cent of the total) and those with additional capital (54.4 per cent). The wholesale-retail sector recorded the biggest number of capital contribution and share purchasing transactions (41.6 per cent), domestic media outlets reported.

A hundred and eight countries and territories poured money into Vietnam during the 10 months. Singapore topped the list, with nearly $4.65 billion, making up over 18 per cent of the total and declining by 13 per cent YoY. It was followed by South Korea, with nearly $3.93 billion (making up 15.2 per cent and rising by 0.5 per cent YoY), and Hong Kong, with nearly $3.54 billion.

While China led in the number of new projects (accounting for 21.7 per cent), South Korea topped in terms of the projects with additional capital (25.7 per cent) and capital contribution and share purchasing transactions (28.2 per cent).

Asian investors still dominated FDI flows into Vietnam during the period, with Singapore, China, Japan, South Korea, Hong Kong and Taiwan accounting for up to 81.7 per cent of the total value.

Ho Chi Minh City was the best performer in attracting new projects (38 per cent), those with additional capital (25.3 per cent), and capital contribution and share purchasing transactions (66.6 per cent).

ALCHEMPro News Desk (DS)