Vietnam lures 3.1 billion USD in FDI in two months

Vietnam attracted a total committed foreign direct investment (FDI) of 3.1 billion USD in the first two months of 2023, down 38% year-on-year, according to the Ministry of Planning and Investment.

Thursday, March 02, 2023 10:27

Vietnam lures 3.1 billion USD in FDI in two months ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) - Vietnam attracted a total committed foreign direct investment(FDI) of 3.1 billion USD in the first two months of 2023, down 38% year-on-year,according to the Ministry of Planning and Investment.

Of the total, 1.76 billion USD was poured into 261 new projectswhile an additional 535.4 million USD was committed to 133 existing projects.Stake purchases by foreign investors were estimated 797.9 million USD.

The manufacturing sector was the largest recipient of FDI, with 2.17 billionUSD, accounting for 70.1% of total pledges, followed by property trading with396.9 million USD, and wholesale and retail with 202.1 million USD.

Singapore was the largest foreign investor in Vietnam during theperiod, with 978.4 million USD, equivalent to nearly one third of the totalfigure.

Taiwan (China) and the Netherlands came second and third with 407.1 million USDand 369 million USD, respectively. Other large investors included China, theRepublic of Korea and Sweden.

Bac Giang was the largest FDI recipient with 824.3 million USD,followed by Ho Chi Minh City with 369.1 million USD.

During the two-month period, disbursement was estimated at 2.55billion USD, down 4.9% from last year.

Exports by foreign-invested firms (including crude oil) fell by 5.3% year-on-yearto 38.4 billion USD, accounting for over three quarters of the country’s totalexport revenue./.

VNA

#Ministry of Planning and Investment #foreign direct investment (FDI) #wholesale #foreign-invested firms #Vietnam #Vietnam news #Vietnam News Agency

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