Vietnam Jan-Oct foreign investment inflows up 2.4% year-on-year
2023.10.27 03:37
© Reuters. FILE PHOTO: Shipping containers are seen at a port in Hai Phong city, Vietnam July 12, 2018. REUTERS/Kham/File photo
HANOI (Reuters) – Vietnam saw foreign investment inflows in the first 10 months of 2023 rise 2.4% from the same period a year earlier to $18 billion, the investment ministry said on Friday.
Foreign investment pledges – which indicate the size of future disbursements – rose 14.7% from a year earlier to $25.76 billion, the Ministry of Planning and Investment said in a statement.
Of the pledges, 73.1% would go to manufacturing and processing, and 8.3% are to be invested in real estate businesses, it said.
Singapore, South Korea and Hong Kong were among the largest sources of foreign investment over the January-October period.
(This story has been corrected to fix the period to ’10 months’, from ‘nine months’, in paragraph 1)
