Vietnam has attracted USD4.1 billion in foreign direct investment (FDI) for the first four months of 2023, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. The FIA noted that while capital growth increased by 11.1%, the growth of the number of new projects was much higher at 65.2%, demonstrating continued confidence in Vietnam's investment environment from small and medium-sized foreign investors. The majority of new foreign-invested projects focused on provinces and cities with strong infrastructure and effective investment promotion, including Hanoi, Bac Giang, HCM City, Binh Duong, Dong Nai, Bac Ninh and Hai Phong. Singapore, Japan, mainland China, Taiwan, Hong Kong and South Korea were the six traditional investment partners, accounting for 75.1% of the total investment capital in January to April, with Singapore taking the top spot.
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