Business

Singapore leads foreign investment in Vietnam

Singapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported.
Singapore leads foreign investment in Vietnam ảnh 1Workers at Apparel Far Eastern (Vietnam) Co., Ltd in the Vietnam - Singapore Industrial Park, Thuan An city, Binh Duong province. (Photo: VNA)
Hanoi (VNA) – Singapore remainedthe biggest foreign investor in Vietnam among the 51 countries andterritories investing in Vietnam in the first two months of 2023, with978.4 million USD, making up nearly 31.6% of the total registered foreign directinvestment (FDI) in the country, down 42.7% year-on-year, the Ministry ofPlanning and Investment (MPI) reported.

Taiwan (China) ranked second with nearly 407.1 million USD, accounting for 13.1%of the total, and 3.85 times higher than that in the same period last year. The Netherlands came third with nearly 369 million USD, equivalent to 11.9% of the total.

China led in the number of newinvestment projects in Vietnam, accounting for nearly 17.2%. Meanwhile, theRepublic of Korea (RoK) was the leader in terms of capitaladjustment (21.1%) and capital contributions and share purchases (30.5%).

Foreign businesses have investedin 39 provinces and cities nationwide in the reviewed period.

Bac Giang led the localities in FDI attraction with 824.3 million USD, making up 26.6% of the total, up 8.4 times over the sameperiod in 2022. Ho Chi Minh City ranked second with 103 new projects worth369.1 million USD, accounting for 11.9% of the total.

The ministry said the total newly-registered capital, adjustedcapital, and capital contribution and share purchase of foreign investors neared 3.1 billion USD, down38% year-on-year.

As of February 20, as many as 2.55billion USD of foreign investment capital had been disbursed, a decrease of 4.9% compared to the same period last year.
                                                                                                                                   
Foreign firms have poured capital into 17 out of Vietnam's 21 sectors, with the processing and manufacturing industry taking the lead withmore than 2.17 billion USD, making up 70.1% of the total. It is followed by realestate with 396.9 million USD, accounting for over 12.8%.

Expertssaid to attract greater FDI projects in the coming time, Vietnam needs to fundamentallyrenovate all activities, from investment promotion to building and perfecting institutions and policies on foreign investment in line with development trends, approachinginternational standards, harmonising with international commitments, and ensuring harmony, consistency, publicity, transparency and competitiveness./.
VNA
#Singapore #biggest foreign investor #Vietnam #FDI #Vietnamplus #Vietnam news #Vietnam News Agency Singapore Vietnam
Follow VietnamPlus

Related News

See more

Students practice microcontroller programming at the Vietnam-Korea College of Technology in Bac Ninh province (Photo: VNA)

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Lawmakers on August 9 discuss a draft law amending and supplementing a number of articles of the Law on the State Bank of Vietnam, the Law on Anti-Money Laundering and the Law on Credit Institutions. (Photo: VNA)

Lawmakers discuss measures to ensure banking system safety, support digital economy

The draft law sets out provisions to control conflicts of interest when commercial banks act as agents managing collateral for corporate bonds. In this regard, Deputy Le Van The of Ninh Binh province said he supported the move, noting that it could provide a more professional approach to collateral management and help strengthen investor confidence if properly regulated.

A company in Da Nang operates a customer relationship management system supported by AI chatbots. (Photo: VNA)

AI drives rise of sleepless enterprises in Vietnam

The concept of a sleepless enterprise does not necessarily mean making employees stay on the job all the time. Instead, it's about building intelligent systems that can respond to customers, process transactions, monitor operations, analyse data and flag risks continuously.

Head of the Vietnam Trade Office in Australia Tran Thi Thanh My (Photo: VNA)

Vietnam, Australia eye 20 bln USD trade target

The head of the Vietnam Trade Office in Australia hoped that the visit by Party General Secretary and State President To Lam will mark a new milestone, opening the door for firms on both sides to forge stronger links and launch concrete cooperation agendas, helping hit that 20 billion USD trade goal sooner rather than later.

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.

Wei Xiaoli, a representative of Shandong Jindafeng Machinery Co., Ltd., in an interview granted to the Vietnam News Agency. (Photo: VNA)

Chinese firms see strong potential for agricultural mechanisation cooperation with Vietnam

Business representatives said mechanisation not only helps reduce reliance on manual labour but also improves production efficiency, shortens planting and harvesting times, reduces post-harvest losses and enhances the quality of agricultural products. For rice-producing countries like Vietnam, they noted, accelerating mechanisation is an inevitable trend to strengthen the competitiveness of the agricultural sector.