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Vietnam attracts FDI worth $20.21 in year to Sept 20; up by 7.7% YoY

28 Sep '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Vietnam attracted foreign direct investment worth nearly $20.21 billion in the year to September 20—up by 7.7 per cent year on year (YoY), government data show.
  • Nineteen hundred and twenty four new projects worth $10.23 billion were registered during the period.
  • The manufacturing and processing sector led, with over $14 billion in FDI—down by 5.9 per cent YoY.
Vietnam attracted foreign direct investment (FDI) worth nearly $20.21 billion in the year to September 20—up by 7.7 per cent year on year (YoY), according to the Foreign Investment Agency under the ministry of planning and investment.

Nineteen hundred and twenty four new projects were registered with a total capital of $10.23 billion during the period—up by 66.3 per cent and 43.6 per cent YoY respectively.

Over $5.15 billion was added to 934 existing projects—down by 39.7 per cent and up 22.8 per cent YoY respectively, a news agency reported.

The value of capital contribution and share purchase deals increased by 47 per cent to $4.82 billion during the period.

The manufacturing and processing sector continued to lead in attracting FDI, with over $14 billion—down by 5.9 per cent YoY.

ALCHEMPro News Desk (DS)
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