South Korea was the largest recipient of capital from this Indochinese nation with $125.1 million, 98.7 percent of the total, followed by Thailand ($1.5 million) and Laos ($140,000), the Foreign Investment Agency said.
On the other hand, according to the company, Vietnam expects to attract between $36,000 and $38,000 million in foreign direct investment (FDI) over the course of this year.
This Southeast Asian nation took in $1.69 billion in January, down 19.8 percent year-on-year, according to estimates by the Department of Planning and Investment’s Foreign Investment Department.
However, experts pointed out that this decrease in registered and even disbursed FDI capital still does not reflect the general trend of investment flows, since at the beginning of the year there were two long public holidays and therefore fewer working days.
In January, 153 new projects were licensed here with an estimated payout of $1.2 billion, representing a 48.5 percent increase in the number of ventures and 3.1 times the share capital compared to the previous year.
These numbers confirm foreign investors’ confidence in Vietnam’s investment environment, they added.
Most of the capital (651.9 million greenbacks) was used for projects related to the wholesale, retail and repair of cars and motor vehicles, accounting for 54.1 percent of the total.
In terms of FDI capital transacted in the first month of the year, news outlet VN Express International detailed an estimate at $1.35 billion, down 16.3 percent from the same period in 2022.
Processing and manufacturing saw the highest inflow at $1,000.050 million (77.6 percent of the total), while production and distribution of electricity, gas, hot water, steam and air conditioning brought in $122.7 million and real estate brought in 81.7 million dollars.
ode/mpm