Japan leads the way for foreign investment in Vietnam

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, foreign investors registered a total US$24.35 billion for new and existing projects and to buy shares in Vietnam during the period, a year-on-year rise of 4.2%. Up to August 20, US$11.25 billion worth of foreign direct investment (FDI) capital had been disbursed.

Foreign businesses from 97 countries and territories have poured investment into 17 fields across 59 provinces and cities nationwide. The processing and manufacturing sectors attracted the lion’s share of investment with US$10.72 billion, accounting for 44% of the total registered capital. They were trailed by real estate with US$5.9 billion and the wholesale and retail sector with US$1.87 billion.

The FIA reported that Hanoi took the lead in FDI attraction over the past 8 months with a total registered capital of US$5.93 billion, followed by Ho Chi Minh City with US$4.42 billion and Ba Ria-Vung Tau with more than US$2.17 billion.

During the 8-month period, exports of the FDI sector, including crude oil, reached US$110.3 billion, up 13.4% against the same period last year, making up nearly 70.9% of the country’s total exports, while imports hit US$90.8 billion.