Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.
A precision springs production line of Advanex Vietnam Company Ltd in northern Hai Duong province. (Photo: VNA)
Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.
According to the General Statistics Office (GSO), Vietnam had 1,657 new FDI projects during the period with a total registered capital of more than 12.4 billion USD, increasing by respectively 27 percent and 25 percent.
Of note, some 11.8 billion USD were disbursed, up 16.3 percent against a year ago.
The processing and manufacturing industry remained the top destination for FDI which attracted 12.4 billion USD during the period, or more than 64 percent of the country's total registered FDI. The property sector came third with total registered capital worth 2.1 billion USD.
Attracting more than 2.5 billion USD in registered capital, southern Tra Vinh Province earned the distinction of being the province that attracted FDI among 47 provinces and cities, according to the GSO.
There were more than a dozen provinces and cities that failed to attract FDI in the first ten months of this year. The problem had been addressed by the Foreign Investment Agency under the Ministry of Planning and Investment last month.
Malaysia was the top FDI investor in Vietnam from 59 countries and territories with an investment of 2.4 billion USD, followed by the Republic of Korea with more than 2 billion USD, the United Kingdom with 1.2 billion USD, and Japan with 1.1 billion USD.
Vietnam is expected to attract 23 billion USD registered FDI this year with disbursed capital of 12.5 billion USD. Last year, the country attracted more than 20 billion USD in FDI.-VNA
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
The People’s Committee of southern Binh Duong province granted investment licenses to 38 foreign direct investment (FDI) projects in the locality on October 23.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A precision springs production line of Advanex Vietnam Company Ltd in northern Hai Duong province. (Photo: VNA)
