FDI inflow increases 10.9% to 18 billion USD in January – July
Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.
A Japan-invested enterprise in Hoa Binh province. Foreign investors registered to invest more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year. (Photo: VNA)
Hanoi (VNS/VNA) - Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.
Of the figure, more than 12.55 billion USD has been disbursed, up by 8.4%.
Average capital per project is 5.9 million USD, higher than the average in the seven-month period of 2023.
In January - July, new FDI flow totalled 10.76 billion USD, up by 35.6%, and additional capital totalled 4.97 billion USD, up 19.4%, while foreign investment through contributing capital and buying stakes dropped by 45.2% to 2.27 billion USD.
Foreign investors were present in 18 out of 21 economic sectors.
The processing and manufacturing industry took the lead, with a total investment of more than 12.65 billion USD, or 70.3% of the total registered FDI, up by 15.7% against the same period last year.
The real estate business came second with a total investment of 2.87 billion USD, up 78%, followed by wholesale and retail businesses with 740.5 million USD.
Among 91 countries and territories with investment in Vietnam, Singapore is the largest investor, registering to pump nearly 6.52 billion USD in Vietnam, up 79.1%.
Hong Kong is the second largest investor with a total investment of 2.19 billion USD, more than doubling the same period last year.
Kyrgyzstan is a new investor in July with a project worth 5 million USD, making it the thirty fourth largest out of 91 countries investing in Vietnam from the beginning of this year.
To date, 147 countries and territories have invested in Vietnam.
Foreign investors invested 𓃲in 48 out of 63 provinces and cities in the period with Bac Ninh being the top destination, with a total investment of nearly 3.2 billion USD, more than three times higher than the same period last year, followed by Quang Ninh with 1.56 billion USD, 2.2 times higher and Ho Chi Min Cit🥀y with 1.55 billion USD./.
Total registered foreign capital in Vietnam during January – July amounted to more than 18 billion USD in Vietnam, a year-on-year increase of nearly 11%.
With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth.
With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth, according to experts.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
