Vietnam attracts FDI worth $24.78 bn in Jan-Sept 2024

The figure includes $13.55 billion invested in 2,492 newly-licensed projects, respectively up by 11.3 per cent YoY and down by 4.3 per cent YoY, according to the Foreign Investment Agency (FIA).

Foreign investors committed to raising investments by $7.64 billion in 1,027 existing projects—up by 48.1 per cent YoY in terms of capital volume.

The nine-month period also saw foreign investors spend over $3.59 billion on share purchases and capital contributions.

FDI disbursed, meanwhile, rose by 8.9 per cent YoY to reach $17.3 billion during the period, according to domestic media reports.

Foreign investors have invested in 18 out of 21 sectors, with the manufacturing and processing industry leading the way with over $15.64 billion, accounting for 63.1 per cent of total registered capital.

Singapore led the way with nearly $7.35 billion worth investment, accounting for 29.7 per cent of the total investment inflows—a 69-per cent increase from 2023, followed by China with over $3.2 billion.

The Bac Ninh province topped the country in terms of attracting FDI with $4.5 billion, making up 18.2 per cent of the total. It was followed by Ho Chi Minh City with $1.91 billion and the Quang Ninh province with $1.81 billion.

Fibre2Fashion News Desk (DS)