Foreign direct investment (FDI) commitments soared 4.6 percent year on year to USD 22.94 billion in the January-July period. Of the amount, fresh approvals increased 2.2 percent to USD 13.2 billion while investors added USD 4.95 billion to existing projects or equivalent to 84.2 percent of the same period last year.

Foreign investors injected their money in 17 sectors and areas. Manufacturing and processing continued to be the most appealing sector by attracting USD 9.63 billion from January to July, accounting for 41.95 percent of the total registered investment. It was followed by real estate trading with USD 5.6 billion (24.4 percent) and retail and wholesale with USD 1.69 billion (7.4 percent).

leftcenterrightdel
Foreign direct investment commitments in Vietnam soared 5 percent year-on-year to 22.94 billion USD in the first seven months. Photo: kinhtedothi.vn

Japan remained the leading foreign investor by pouring USD 6.88 billion into Vietnam during the period. The Republic of Korea ranked second with USD 5.46 billion, while Singapore came next with USD 2.73 billion.

According to the FIA, foreign investors were present in 59 cities and provinces. Of them, the capital lured the largest share USD 6.17 billion. Ho Chi Minh City and the Southern province of Ba Ria-Vung Tau were runners-up with USD 4.12 billion and USD 2.15 billion.

Source: VNA