Vietnam Jan-Oct foreign investment inflows up 2.4% year-on-year

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)

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