HANOI, 7th November, 2024 (WAM) -- Vietnam's foreign investment disbursement reached US$about 19.58 billion in the first 10 months of this year, up nine% year-on-year, a report from the Ministry of Planning and Investment's Foreign Investment Department (FIA) has shown.
Vietnam News Agency (VNA) quoted the report as showing that foreign investment inflows into Vietnam in the period also saw a modest increase of 2% to approximately US$27.26 billion.
Up to 2,743 new foreign-invested projects were licensed during the period, with a total registered capital of over US$12.23 billion.
From January to October, the manufacturing and processing sector attracted the lion's share of foreign investment with US$17.1 billion.
Real estate came next with nearly US$5.23 billion, nearly three times higher than last year's corresponding period or capturing 19.2% of the total. Electricity production and distribution ranked third with US$1.12 billion, followed by wholesale and retail with nearly US$1 billion.
Among 106 countries and territories investing in Vietnam, Singapore took the lead with over US$7.79 billion, up 61% year-on-year and making up 28.6% of the total foreign investment pledged in the country. Mainland China followed with over US$3.61 billion, up 5.4% and accounting for 13.3% of the total.
Other major foreign investors were mainland the Republic of Korea, Japan and Hong Kong. But China ranked first in terms of the number of projects over the 10-month period, accounting for 28.8% of the total.