Business

Foreign investment declines by 22 percent

The country attracted 11.3 billion USD in foreign direct investment (FDI) during the first 10 months of this year, representing a year-on-year decrease of 22 percent.
The country attracted 11.3 billion USD in foreign direct investment(FDI) during the first 10 months of this year, representing ayear-on-year decrease of 22 percent.

In addition, FDIdisbursement surged by 1 percent, hitting 9.1 billion USD, according tothe Ministry of Planning and Investment (MPI).

The ForeignInvestment Agency (FIA) under the MPI also revealed an increase in newregistered investment capital. During the period, around 860 newforeign-invested projects, valued at around 8.9 billion USD, weregranted licences, equal to 70 percent of the same period last year.

Meanwhile, 264 established projects received approval to raise theircapital levels by a combined 2.4 billion USD, a jump of 38 percentagainst last year.

While some foreign investors haveexpressed concern about domestic macroeconomic fluctuations, FIA'sDirector Do Nhat Hoang said that investors continued to seek localopportunities based on present levels of development.

Hoang added that in this month alone, 86 projects had raised their capital, the highest number so far this year.

This could be a good sign as FDI business growth could serve as evidence of good investment conditions.

The processing and manufacturing sectors jumped by 5.6 billion USD,accounting for half of the total FDI, with 362 newly registered projectsand 190 increasing their capital.

Electricity productionand distribution sectors contributed 2.5 billion USD while theconstruction industry made up 712 million USD.

Hong Kongremained Vietnam's largest source of foreign investment with 2.98billion USD, making up 26 percent of the country's total FDI capital,followed by Singapore with 1.55 billion USD and Japan with 1.31 billionUSD.

The northern province of Hai Duong attracted thelargest amount of FDI, drawing 2.56 billion USD, 23 percent of thenational total. The province granted a licence to the Hai DuongThermoelectricity plant operated via the Build-Operate-Transfer model ata total investment of 2.26 billion USD.

FDI businesses experienced 43.2 billion USD in export turnover while imports made 38 percent.

The FDI sector enjoyed an export trade surplus of 4.9 billion USD inthe same period. However, the department said that some FDI enterpriseshad to borrow money from credit organisations in Vietnam, negativelyaffecting the country's investment environment.

The Government has asked relevant agencies to strictly manage foreign currency and FDI activities. /.
Follow VietnamPlus

See more

Illustrative photo (Photo: VNA)

Retail petrol prices up in latest adjustment

Under the new pricing structure, E5 RON92 and RON95-III have increased by 341 VND and 495 VND per litre to a maximum of 20,373 VND (0.79 USD) and 20,919 VND per litre, respectively.

The Lumitel brand is being promoted on walls across Burundi. (Photo: Viettel)

Lumitel – A bright spot in Vietnam-Burundi collaboration

After a decade of operations, Lumitel has become the leading telecommunications provider in Burundi and one of the largest contributors to the Burundian government's budget, providing stable employment for over 60,000 workers and indirectly creating around 100,000 jobs.

Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)

Ample room remains for Vietnam - Belarus trade cooperation

To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.