Selangor Journal
A view of the city of Hanoi, in Vietnam. — Picture by PEXELS

Vietnam attracts US$18.15bln in foreign investment over 8 months

HANOI, Aug 29 — Vietnam attracted an estimated foreign investment of nearly US$18.15 billion in the first eight months of this year, up 8.2 per cent year on year, according to the country’s Ministry of Planning and Investment on Tuesday, Xinhua reported.

During the period, Vietnam licensed 1,924 new foreign direct investment (FDI) projects with a total registered capital of over US$8.87 billion, surging 69.5 per cent in quantity and 39.7 per cent in capital year on year.

The country also saw 830 operational FDI projects raising capital by US$4.54 billion in total over the eight months, down 39.7 per cent in value compared to the same period last year.

From January to August, the disbursed FDI capital in the country totalled US$13.1 billion, up 1.3 per cent year on year, said the ministry.

Among countries and regions with newly-licensed investment projects in Vietnam during the period, Singapore was the largest source of registered capital with US$2.45 billion, followed by China with US$1.88 billion, according to the ministry.

— Bernama-Xinhua

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