Vietnam among world's top 20 host economies for FDI

Vietnam’s cashew exports in October hit a record high of 64,320 tonnes, bringing the 10-month figure to nearly 516,870 tonnes worth 2.95 billion USD, with the annual target of 3.1 billion USD likely to be exceeded.

Total newly-registered investment capital, additional capital, contributed capital for share purchases, and contributed capital from foreign investors totalled 25.762 billion USD in the first 10 months of 2023, an increase of 14.7% over the same period of 2022 and the highest increase since the beginning of this year.

Vietnam’s economy has steadily regained its growth momentum following the COVID-19 pandemic. Its growth rate, though short of expectations, remains at the top among developing and emerging countries, with GDP in 2023 estimated at some 435 billion USD.

In the first 10 months of this year, Vietnam’s average consumer price index (CPI) increased 3.2 percent, foreign direct investment rose 14.7 percent, a trade surplus of 24.61 billion USD was recorded, and international visitors increased 4.2-fold compared to the same period of 2022.

Vietnam earned more than 43 billion USD from agro-forestry-fishery exports in the first 10 months of 2023, a decrease of 4.2 percent over the same period last year.