29-8-2023 (HANOI) Vietnam continues to be a beacon for foreign investors, attracting an estimated $18.15 billion in foreign investment during the first eight months of this year, marking an impressive 8.2 percent increase compared to the previous year. The data, released by the country’s Ministry of Planning and Investment, reflects Vietnam’s growing stature as a global investment destination.
Throughout this period, Vietnam granted licenses for 1,924 new foreign direct investment (FDI) projects, with a combined registered capital of over $8.87 billion. This surge in both quantity (69.5 percent) and capital (39.7 percent) exemplifies the country’s appeal to foreign investors.
Additionally, 830 operational FDI projects in Vietnam secured further capital of $4.54 billion during the eight months, albeit showing a 39.7 percent decrease in value compared to the same period in the previous year.
The ministry reported that between January and August, the disbursed FDI capital in the country amounted to $13.1 billion, marking a 1.3 percent increase compared to the previous year.
Among the countries and regions investing in Vietnam, Singapore emerged as the largest contributor to registered capital, with investments worth $2.45 billion. China followed closely with investments amounting to $1.88 billion, underscoring the country’s growing prominence in the region.
