Vietnam lures over $16B in foreign investment

By VNA July 28, 2023 | 07:13 pm PT

Workers at Samsung Electronics Vietnam factory in Yen Phong Industrial Park in Bac Ninh Province. Photo by VnExpress/Ngoc Thanh

Vietnam attracted approximately $16.24 billion in the first seven months of this year, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

In the period, there were 1,293 newly-registered projects with a combined capital of $7.94 billion, up 75.5% in the number of projects and 38.6% in capital compared to the same period last year.

Meanwhile, $2.93 billion was added to 736 existing projects.

The manufacturing and processing sector led in FDI attraction, with $10.93 billion. It was followed by real estate ($1.61 billion).

In the January-July period, there were 94 countries and territories pouring capital into Vietnam, in which Singapore topped the list with $3.64 billion, down 15.5% year-on-year.