Vietnam's FDI inflows fall by 4.5% between January & July 2023

31 Jul '23

2 min read

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Insights

Vietnam attracted foreign direct investment worth nearly $16.24 billion in the first seven months this year—up by 4.5 per cent year on year.
The manufacturing and processing sector led with $10.93 billion.
The value of capital contribution and share purchase deals rose by 60.7 per cent to $4.16 billion.
Hanoi received the maximum FDI of $2.28 billion

Vietnam attracted foreign direct investment (FDI) worth nearly $16.24 billion between January and July this year—up by 4.5 per cent year on year (YoY), according to the Foreign Investment Agency under the ministry of planning and investment. The manufacturing and processing sector led with $10.93 billion.

As of July 20, FDI disbursement was estimated at $11.58 billion—up by 0.8 per cent YoY.

There were 1,293 newly-registered projects during the seven-month period with a combined capital of $7.94 billion—up by 75.5 per cent YoY in the number of projects and 38.6 per cent YoY in capital.

Meanwhile, $2.93 billion—down by 42.5 per cent YoY, was added to 736 existing projects—up by 27.1 per cent YoY, a news agency reported.

The value of capital contribution and share purchase deals rose by 60.7 per cent to $4.16 billion.

Ninety four countries and territories poured capital into Vietnam during the period. Singapore topped the list with $3.64 billion—down by 15.5 per cent YoY. It was followed by the South Korea, with $2.34 billion, and China, with $2.33 billion.

Fifty two provinces and cities received FDI in the period, with Hanoi receiving the maximum: $2.28 billion—up 2.76 times YoY. Hai Phong ranked second with over $2 billion—up by 96.5 per cent, followed by Ho Chi Minh City.

Fibre2Fashion News Desk (DS)

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