Vietnam’s FDI disbursement in first nine months 2023 highest ever

VIR _ In the first nine months, foreign investment disbursement was $15.9 billion, the highest amount during 2018-2023, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

Vietnam attracted approximately $20.21 billion in foreign direct investment (FDI) from the beginning of this year to September 20, up 7.7 percent on-year.

In the period, there were 2,254 newly-registered projects with a combined capital of $10.23 billion, up 66.3 per cent in the number of projects and 43.6 per cent in capital compared to the same period last year. The value of capital contribution and share purchase deals rose by 47 per cent to $4.82 billion.

The manufacturing and processing sector led in FDI attraction among 18 sectors interested in foreign-invested enterprises (FIEs), with $10.93 billion. It was followed by real estate on $1.61 billion, finance and banking $1.54 billion, and wholesale and retail $734 million.

In January-September, there were 102 countries and territories pouring capital into Vietnam, in which Singapore topped the list with $3.98 billion, capturing 19.7 per cent of the total. It was followed by China on $2.92 billion and Japan with $2.9 billion.

Those investors poured their capital into 54 provinces and cities in the period, with Hanoi receiving the lion’s share – $2.53 billion, up 2.46 times on-year. Haiphong came second with over $2.21 billion, up 82.4 per cent, followed by Ho Chi Minh City, Bac Giang, and Binh Duong.

The full article: https://vir.com.vn/fdi-disbursement-in-first-nine-months-highest-ever-105577.html