Vietnam sees FDI worth over $2.36 bn in Jan 1-20 2024; 40.2% YoY rise

14 Feb '24

1 min read

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Vietnam attracted FDI worth over $2.36 billion between January 1 and 20—a YoY rise of 40.2 per cent, indicating bright prospects.
Around 190 new projects got investment registration certificates—a 24.2 per cent YoY rise—with a capital of over $2 billion—66.9 per cent higher YoY.
Thirty-one per cent of EuroCham members see Vietnam as a prime FDI destination.

Vietnam attracted foreign direct investment (FDI) worth over $2.36 billion between January 1 and 20—an increase of 40.2 per cent year on year (YoY), indicating bright FDI prospects this year, according to the Foreign Investment Agency under the planning and investment ministry.

Around 190 new projects received investment registration certificates—a YoY rise of 24.2 per cent—with a total registered capital of over $2 billion—66.9 per cent higher YoY.

January also witnessed foreign investors contribute more than $116.5 million to make 174 share purchases, down by 14.7 per cent YoY and 33.1 per cent YoY respectively, according to a news agency report.

Out of nine projects that received investment certificates in early January in the southern province of Dong Nai, four had foreign investment with a cumulative amount of $156.4 million. Meanwhile, $217 million were added to four existing FDI projects in the province.

Thirty-one per cent of EuroCham members now rank Vietnam among their top three global investment destinations.

ALCHEMPro News Desk (DS)

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