Vietnam attracts over $4.29 bn in FDI during in year to Feb 20, 2024

02 Mar '24

1 min read

Vietnam attracts over $4.29 bn in FDI during in year to Feb 20, 2024

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Vietnam attracted more than $4.29 billion in FDI in the year to February 20—a rise of 38.6 per cent YoY, government data showed.
Foreign financiers channelled funds in 16 out of 21 economic sectors, and 48 countries and territories injected capital into Vietnam in the period.
Singapore topped the investors, with more than $2.08 billion, a 2.1-fold rise YoY.

Vietnam attracted more than $4.29 billion in foreign direct investment (FDI) in the year to February 20—a rise of 38.6 per cent year on year (YoY), according to the ministry of planning and investment.

Financiers from abroad channelled funds in 16 out of 21 economic sectors during that period. The processing and manufacturing industry topped, with a total investment of close to $2.54 billion, accounting for 59.1 per cent of total registered investment and witnessing a rise of 16.8 per cent YoY.

The real estate sector ranked second, followed by the wholesale and retail industries.

Forty eight countries and territories injected capital into the Vietnamese market during the period, a domestic media outlet reported.

Singapore topped the list, with more than $2.08 billion, a 2.1-fold rise YoY, followed by Hong Kong with nearly $525.7 million, marking a nearly 5.1-fold increase YoY.

Thirty eight provinces and cities across the country received FDI. Out of those, Hanoi led with a total registered investment capital of nearly $914.4 million. Quang Ninh ranked second with more than $471.1 million.

Fibre2Fashion News Desk (DS)

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