Business

Foreign investment in Vietnam surges 40 percent

Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.
Foreign investment in Vietnam surges 40 percent ảnh 1A precision springs production line of Advanex Vietnam Company Ltd in northern Hai Duong province. (Photo: VNA)

Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.

According to the General Statistics Office (GSO), Vietnam had 1,657 new FDI projects during the period with a total registered capital of more than 12.4 billion USD, increasing by respectively 27 percent and 25 percent.

Of note, some 11.8 billion USD were disbursed, up 16.3 percent against a year ago.

The processing and manufacturing industry remained the top destination for FDI which attracted 12.4 billion USD during the period, or more than 64 percent of the country's total registered FDI. The property sector came third with total registered capital worth 2.1 billion USD.

Attracting more than 2.5 billion USD in registered capital, southern Tra Vinh Province earned the distinction of being the province that attracted FDI among 47 provinces and cities, according to the GSO.

There were more than a dozen provinces and cities that failed to attract FDI in the first ten months of this year. The problem had been addressed by the Foreign Investment Agency under the Ministry of Planning and Investment last month.

Malaysia was the top FDI investor in Vietnam from 59 countries and territories with an investment of 2.4 billion USD, followed by the Republic of Korea with more than 2 billion USD, the United Kingdom with 1.2 billion USD, and Japan with 1.1 billion USD.

Vietnam is expected to attract 23 billion USD registered FDI this year with disbursed capital of 12.5 billion USD. Last year, the country attracted more than 20 billion USD in FDI.-VNA

VNA
#FDI #whopping rise #FDI projects #registered capital #processing #manufacturing #disbursed capital
Follow VietnamPlus

Related News

See more

Minister Counsellor Pham Quang Huy, Deputy Head of Vietnam’s Permanent Mission to Geneva (R) and Andrey Eydlin of the St. Gallen Endowment, at the working session (Photo: VNA)

Swiss endowment supports Vietnam in trade defence capacity building

Minister Counsellor Pham Quang Huy, Deputy Head of Vietnam’s Permanent Mission to Geneva, has chaired a working session on the Global Trade Alert (GTA) tool with representatives from the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade and Andrey Eydlin of the St. Gallen Endowment.

Participants at the forum. (Photo: VNA)

Vietnam moves to tap “silver economy” as ageing accelerates

At a national forum on the silver economy in Vietnam on November 14, Politburo member and Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang said the country must shift from viewing ageing as a welfare burden to recognising older people as an economic asset.

Participants at the official technical negotiation session between Vietnam and US (Photo: VNA)

Vietnam, US conclude 5th round of reciprocal trade agreement talks

In the closing session, representatives from the Office of the US Trade Representative (USTR) and the Vietnamese negotiating team stated that the talks yielded positive results, laying a favourable foundation for the early conclusion of the Vietnam – US Reciprocal Trade Agreement.

At a ceremony to announce the cooperation agreement between VIPTAM Group, Inlog and partners (Photo: VNA)

New social-commerce model targets 50 billion USD in Vietnam–US trade

VIPTAM Technology Group JSC (VIPTAM Group) has officially established long-term strategic trade partnerships with major international brands, introducing a new model to promote bilateral trade between Vietnam and the US through VDONE Network, a multimedia social platform developed by the group.

Seafood section with a wide range of products. (Illustrative photo: VNA)

Processed seafood industry seeks stronger foothold in domestic market

As seafood exports face growing challenges from the global economic slowdown, technical barriers in importing markets, and rising input costs, developing the domestic market is increasingly seen as a strategic direction to stabilise production, maintain supply chains, and reduce dependence on external markets.

Party General Secretary To Lam (R) receives China’s Luxshare-ICT Group Vice Chairman Wang Laisheng in Hanoi on November 15. (Photo: VNA)

Party Chief receives Vice Chairman of China’s Luxshare-ICT Group

Party General Secretary To Lam affirmed that the Party and State consistently welcome foreign enterprises to invest and succeed in Vietnam, pledging equal treatment for all investors and continued efforts to improve the business environment towards greater fairness, transparency and convenience.

Illustrative photo (Photo: VNA)

Vietnam Online Shopping Day – Online Friday 2025 opens

Vietnam Online Shopping Day – Online Friday 2025 is not only the biggest online shopping event of the year, but also spreads the message of smart, responsible and sustainable consumption, contributing to promoting the strong development of Vietnam's digital economy in the new era.

Thi Khui, Director of Bu Lach Organic Cashew Cooperative, signs a cashew purchasing cooperation agreement with a representative of Intersnack Vietnam Cashew Company Limited. (Photo: Dong Nai Newspaper)

Ethnic woman grows cashew cooperative's international success

With strong support from local authorities, Khui persuaded 165 farming households to adopt organic cultivation practices. The cooperative now oversees a raw material area of 1,000 hectares, establishing a solid foundation for large-scale organic production.