Increase in Foreign Investment Reaches 8% Year-to-Date
Foreign direct investment in Vietnam experienced an 8% year-on-year growth during the first eight months, reaching a total of US$18.15 billion. This consisted of $8.8 billion in investment commitments, marking a 40% increase, and $9.35 billion in additional investments in existing projects and acquisitions.
These investments were distributed across 18 sectors, with manufacturing leading the way and attracting nearly $13 billion, a 15% rise. The property sector ranked second with $1.7 billion, experiencing a 47% decrease. Despite a 15% decline, Singapore emerged as the top investor with $3.83 billion, followed by China, Japan, and South Korea. Hanoi witnessed the highest inflow of FDI, reaching $2.34 billion, representing a nearly three-fold increase.