return icon Vietnamnet.vn

Vietnam attracts US$15.41 billion in FDI over seven-month period

Foreign investors have poured a total of US$15.41 billion into the country during the initial seven months of the year, equivalent to 92.9% compared to the same period from last year.

vietnam attracts us 15.41 billion in fdi over seven-month period picture 1

Most notably, newly-registered capital continued to endure a decrease in the reviewed period, with 927 projects worth US$5.27 billion, thereby representing a decline of 7.9% in terms of the number of projects and 43.5% in capital.

The Foreign Investment Agency (FIA) attributed the fall in newly-registered capital to the impact of anti-epidemic measures which were implemented last year.

In contrast, the number of new projects and the amount of additional registered capital has increased compared to the same period from last year with 579 projects, thereby marking a rise of 3.2% and US$7.24 billion, respectively.

Capital contributions and share purchases made by foreign investors stood at over US$2.58 billion, marking an increase of 25.7% on-year.

Furthermore, the adjusted capital and disbursement rate continued to witness a strong upward trajectory, a factor which highlights foreign investors’ trust in the national economy and the country’s investment climate as a whole.

Throughout the reviewed period, foreign financiers invested in 18 industries out of 21 national economic sectors in the country.

Of these, the processing and manufacturing industry continued to lead the way with a total investment of over US$10 billion, thereby accounting for 64.3% of the total registered investment capital.

In line with this, the real estate sector ranked second with total investment capital of over US$3.21 billion, accounting for approximately 20.7% of total registered investment capital.

The FIA revealed that a total of 88 countries and territories invested in the country during the seven-month period. Of which, Singapore leads the way with total investment of over US$4.3 billion, a drop of 27.3% on-year. The Republic of Korea ranked second with over US$3.26 billion, up 48.2% compared to the same period from last year.

Moreover, with the Lego project capitalised at over US$1.3 billion, Denmark continues to rank third with a total registered investment capital of roughly US$1.32 billion, accounting for 8.55% of the total capital, followed by China, Japan, and Hong Kong (China).

Source: VOV

MORE NEWS

Vietnamese students bag six medals at Asia-Pacific Informatics Olympiad 2023

All six Vietnamese students competing at the Asia-Pacific Informatics Olympiad (APIO) 2023 won medals, including four silvers and two bronzes, the Ministry of Education and Training announced on May 30.

Devalued by billions of dollars, shares face transaction restrictions

VNZ shares of VNG, a tech unicorn, were added to the restricted trading list after the company was late in submitting its financial report. The VNZ price has plummeted by 45 percent from its peak, but is still the highest-priced in the stock market.

Livestock industry's small farms in distress, big farms deep in debt

Having to sell fowl and pigs below production costs, many farmers are crippled with debt. Even big players in the animal husbandry are incurring big losses.

Vietnam posts trade surplus of 9.8 billion USD in five months

Vietnam’s import-export value in the first five months of this year was estimated at 262.54 billion USD, down 14.7% year-on-year, with a trade surplus of 9.8 billion USD, the General Statistics Office (GSO) announced on May 29.

Anh Vien: From champion swimmer to inspirational swimming coach

Now, in a new role akin to a swimming ambassador, Anh Vien is eager to share her knowledge and expertise with children, teenagers, adults, and even older individuals, introducing them to the joy of swimming and fostering a love for the sport.

International arrivals in Vietnam surge over 12-fold year on year

Vietnam has welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, the General Statistics Office (GSO) said on May 29.

Vietnam NASA Space Week takes shape on the horizon

The first-ever Vietnam NASA Space Week will be held in Ho Chi Minh City and Hau Giang and Binh Dinh provinces in the South from June 5-9, heard a press conference on May 29.

CAAV proposes 2-month pilot of eID accounts for air passengers

The Civil Aviation Authority of Vietnam (CAAV) will pilot the use of level 2 electronic identification (eID) authentication for air passengers at airports nationwide from June 1 to August 1.

Soldiers and sailors ready for any medical emergency at sea

In the Truong Sa islands, where there is a turbulent sea, the medical team has been a reliable support for the local fishermen, officials, and soldiers on the islands for many years.

Over 77,000 computers in Vietnam suffer data encryption in 7 months: Bkav

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Vietnamese airlines to launch more international air routes

Vietnamese airlines have announced plans to open more international air routes this summer.

Bringing back international travelers

Vietnam needs an effective short-term marketing campaign to attract international tourists from key source markets, especially those with untapped potential.

Agro-forestry-aquatic product exports drop 11% in five months

Agro-forestry-aquatic product exports were estimated at 20.26 billion USD in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD).

Biting the bullet

Flagging demand has compelled manufacturers to reduce their production and workforce.

Colorful paper masks in Hoi An

In the central city of Hoi An is a house on Bach Dang Street that is home to hundreds of colorful paper masks made by artist Bui Quy Phong, who has devoted his whole life to these masks.
back_to_top