Vietnam attracted a total of $18.15 billion in FDI in the first eight months of this year, up 8.2 per cent year-on-year, according to the Foreign Investment Agency at the Ministry of Planning and Investment.

Foreign investors registered $1.91 billion in August alone.

The FIA reported that there were 1,924 newly-registered FDI projects with capital of over $8.87 billion in the 8M period, an increase of 69.5 per cent in the project numbers and 39.7 per cent in capital year-on-year.

There were 830 projects adding capital totaling over $4.53 billion, up 22.8 per cent but down 39.7 per cent, respectively, year-on-year.

Foreign businesses have invested in 18 of Vietnam’s 21 economic sectors.

The manufacturing and processing industry attracted the largest sum, of nearly $13 billion, or roughly 67.8 per cent of all registered FDI and up 14.7 per cent year-on-year.

It was followed by real estate, banking and finance, and science and technology.

Among countries and territories pouring capital into Vietnam in the period, Singapore was at the top with more than $3.83 billion, followed by mainland China with $2.69 billion, Japan $2.58 billion, and South Korea, Hong Kong (China), and Taiwan (China).

Hanoi led in destinations, with $2.34 billion, then northern Hai Phong city with $2.08 billion and Ho Chi Minh City, northern Bac Giang province, and southern Binh Duong province.