Foreign investors committed to put nearly $22 billion in Vietnam between January and July.
Foreign investors in Vietnam disbursed a total of $9.05 billion year to July 20, representing an increase of 5.8% from a year earlier, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has said.
Foreign direct investment (FDI) commitments soared 52% year-on-year to $21.93 billion in the seven-month period. Of the amount, fresh approvals increased 48.7% to $12.92 billion while investors added $5.87 billion to existing projects.
Notably, overseas players spent $3.12 billion on acquiring shares of Vietnamese companies, shooting up 109.7% year-on-year.
Manufacturing and processing continued to be the most appealing sector when attracting $10.83 billion in the period, accounting for a half of the investment flows.
South Korea returned to be the No.1 investor in Vietnam by pouring $5.62 billion into Vietnam, pushing Japan to the second place with $5.46 billion.
With a Japanese-invested coal-fired power plant worth $2.79 billion, Thanh Hoa stayed firm as the most heavily invested locality.
Source: FIA.
