Vietnam garners $16.8 bn in FDI between Jan & Aug this year

Additional capital injected into existing projects rose by 50.7 per cent to $7.5 billion; and capital contributions and share purchases was up by 3.6 per cent to $2.9 billion.

Vietnam’s foreign direct investment (FDI) inflow as of August 20 was worth nearly $16.8 billion—down 12.3 per cent year on year, according to the Foreign Investment Agency (FIA) under the ministry of planning and investment. However, a noticeable fall was witnessed in the value of newly-registered capital in the period—down by 43.9 per cent to $6.35 billion.

Between January and August this year, $12.8 billion was disbursed for foreign-invested projects—up by 10.5 per cent year on year. Processing and manufacturing attracted the largest FDI capital, $10.7 billion, accounting for 63.9 per cent of the total.

Singapore topped the list of the 94 nations and territories pouring capital into Vietnam during the period; its $4.53 billion accounted for 27 per cent of the total. It was followed by South Korea and Japan, with nearly $3.5 billion and $1.49 billion respectively.

Ho Chi Minh City attracted the largest capital—more than $2.7 billion—making up 16.1 per cent of the total, followed by Binh Duong—nearly $2.64 billion, and Bac Ninh—nearly $1.75 billion.

As of August 20, the country had over 35,500 valid projects totaling over $430 billion, a news agency reported.

In the first eight months this year, the sectors (including crude oil) with foreign investment reported an export value of $184.66 billion—up by 17 per cent year on year and accounting for 73.9 per cent of the total.

Global geopolitical developments, supply chain disruptions and rising inflation have remarkably affected FDI influxes into the country and other Southeast Asian nation, experts say.

Fibre2Fashion News Desk (DS)