The Ministry of Planning and Investment’s Foreign Investment Agency (FIA) reported the country granted licenses to 1,050 new projects worth US$13.077 billion in October alone, a 79% improvement from a year earlier.
Additional capitalisation licenses worth US$6.158 billion were approved for 393 existing projects, up 42.5%.
FDI projects disbursed US$9.58 billion in 10 months, up 6.4%, according to the FIA.
The FDI sector’s exports (including crude oil) were estimated at US$72.085 billion during the reviewed period, up 22% and accounting for 66.7% of total export value.
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Foreign businesses have invested in 18 fields, with processing and manufacturing industries taking the lead, pouring US$14.923 billion into 494 new projects. Investment in electricity, gas, and water supply and air conditioner manufacturing stood at US$2.031 billion, followed by real estate with US$588.23 million.
Japan leads Vietnam’s 52 country and territory investors, with capitalisation totaling US$4.842 billion. The Republic of Korea’s US$4.019 billion ranks it second, and Singapore’s US$3.985 billion rounds out the top three.
Thai Nguyen province attracted the most FDI capital (US$3.408 billion), followed by Thanh Hoa (US$2.921 billion) and Binh Thuan (US$2.03 billion).
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years