In the month, local authorities granted licenses for 153 new FDI projects worth USD 1.2 billion, up 48.5% in number and 3.1 times in value.

Producing shoe components at a foreign-invested company, in Thuan An city, Binh Duong province

Among these projects, those related to wholesale, retail, and repair of automobiles and motorized vehicles accounted for the lion’s share of the total registered sum, at 54.1% or USD 651.9 million. They were followed by those in the processing and manufacturing industry, which together registered 351.2 million in capital.

Also in January, 28 foreign countries and territories invested in Vietnam. Singapore was the largest with USD 767.6 million, followed by China with USD 198.2 million.

Meanwhile, Vietnamese investors poured USD 126.7 million on their projects overseas, increasing by 3.4 times against the same month in 2022.

Source: VNA