Foreign Investment in Vietnam Reaches Record High

Vietnam has attracted nearly $31.4 billion in foreign direct investment (FDI) over the past 11 months, according to the Ministry of Planning and Investment's Foreign Investment Agency. This impressive figure reflects a significant increase in economic activity and investor confidence in the country.

The investment was spread across various sectors, with the processing and manufacturing industry leading the way, attracting nearly $20.2 billion, or approximately 64.4% of the total. This was followed by the real estate business, which saw a substantial increase of 89.1% year-on-year, with a combined capital of $5.63 billion.

In terms of individual projects, nearly $17.39 billion was invested in 3,035 new projects, while $9.93 billion was added to 1,350 existing projects. Additionally, foreign investors spent $4.06 billion to purchase shares in various enterprises.

The northern province of Bac Ninh attracted the most FDI capital, with $5.04 billion, representing an over threefold increase compared to the same period last year. Ho Chi Minh City, on the other hand, led the country in terms of the number of projects.