July 29, 2023 | 07:30

7M FDI attraction hits $16.24bln

Thanh Thủy

Manufacturing and processing continue to lead the way in capital.

7M FDI attraction hits $16.24bln

Vietnam attracted FDI of nearly $16.24 billion in the first seven months of this year, a year-on-year increase of 4.5 per cent, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

There were 1,267 new FDI projects granted investment licenses in the period, with total registered capital of nearly $7.94 billion, up 75.5 per cent and 38.6 per cent year-on-year in number and capital.

Meanwhile, nearly $4.16 billion was added to 736 existing FDI projects, up 27.1 per cent in number but down 42.5 per cent in capital year-on-year.

The manufacturing and processing sector retained its lead in FDI attraction, with over $10.93 billion, accounting for over 67.3 per cent of total investment. It was followed by real estate and banking and finance.

Hanoi is still at the top in terms of destinations with total registered capital of more than $2.28 billion, equivalent to 14.1 per cent of the total. The figure also represented a 2.76-fold increase year-on-year.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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