The International Trade Council is pleased to share recent data underscoring Vietnam's position as an increasingly attractive destination for foreign investment. As reported by Vietnam's Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an impressive increase of 8.2% year on year.
Further insights from the period reveal that Vietnam approved 1,924 new foreign direct investment (FDI) endeavors. These projects collectively boast a registered capital surpassing US$8.87 billion (RM41 billion), showing a surge of 69.5% in project quantity and 39.7% in capital value on a year-on-year basis.
However, it's noteworthy to mention that the country also observed 830 existing FDI projects enhancing their capital to an accumulative US$4.54 billion (RM21 billion) during these eight months. This marks a decrease of 39.7% in value in comparison to the previous year's corresponding period.
From January through August, Vietnam's disbursed FDI capital reached a total of US$13.1 billion, a growth of 1.3% year on year.
A detailed breakdown identifies Singapore as the primary contributor to new investment projects within Vietnam, with registered capital amounting to US$2.45 billion (RM11.4 billion). China trails closely, bringing forth an investment of US$1.88 billion.
The International Trade Council remains devoted to promoting global investment transparency and understanding. We commend Vietnam for its continued efforts in fostering a conducive environment for international investors.