Vietnam attracts FDI worth over $2.36 bn in Jan 2023

30 Jan '24

1 min read

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Foreign direct investment inflows into Vietnam hit over $2.36 billion in January—a rise of 40.2 per cent YoY, official data show.
Foreign investors committed to invest in 15 out of 21 economic sectors.
The manufacturing and processing sector attracted the second-highest investment.
Singapore invested the maximum, $1.4 billion, followed by Japan's $297 million.

Foreign direct investment (FDI) inflows into Vietnam hit over $2.36 billion in January this year—an increase of 40.2 per cent year on year (YoY), according to data from the Foreign Investment Agency (FIA).

The figure includes over $2 billion that flowed into 190 newly-licensed projects, up by 66.9 per cent YoY and 24.2 per cent YoY in terms of investment value and number of projects respectively.

Foreign investors committed to invest in 15 out of 21 economic sectors. The manufacturing and processing sector attracted the second-highest investment—39.2 per cent of the total FDI inflows—after real estate.

Singapore invested the maximum $1.4 billion, followed by Japan’s $297 million, according to domestic media reports.

Thirty-five localities received FDI in the month, with Hanoi topping with over $867 million, followed by the southern province of Ba Ria-Vung Tau with $282 million.

The disbursed FDI volume rose by 9.6 per cent YoY to $1.48 billion during the month.

The General Statistics Office reported that FDI inflows into the country were an estimated $23.18 billion last year, while the disbursed volume reached an all-time high of $23.2 billion.

Fibre2Fashion News Desk (DS)

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