Foreign investment up 8% in year-to-date

By Quynh Trang   August 27, 2023 | 07:59 pm PT
Foreign direct investment rose by 8% year-on-year in the first eight months to US$18.15 billion.

It comprised $8.8 billion in investment pledges, up 40%, and $9.35 billion in additional investment in existing projects and acquisitions.

The investments went into 18 sectors led by manufacturing, which attracted nearly $13 billion, up 15%.

The property sector was second at $1.7 billion, down 47%.

Though down 15%, Singapore was the leading investor with $3.83 billion, followed by China, Japan and South Korea.

Hanoi attracted the most FDI, $2.34 billion, a nearly three-fold rise.

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