Vietnam lures 3.1 billion USD in FDI in two months

Vietnam attracted a total committed foreign direct investment of 3.1 billion USD in the first two months of 2023, down 38% year-on-year.

According to the Ministry of Planning and Investment, the manufacturing sector was the largest recipient of FDI, with 2.17 billion USD, followed by property trading with over 390 million USD, and wholesale and retail with more than 200 million USD.

Singapore was the largest foreign investor in Vietnam during the period.

Taiwan (China) and the Netherlands came second and third. Other large investors included China, the Republic of Korea and Sweden.

Bac Giang was the largest FDI recipient, followed by Ho Chi Minh City.

During the two-month period, disbursement was estimated at 2.55 billion USD, down 4.9% from last year.

Exports by foreign-invested firms (including crude oil) fell by 5.3% year-on-year to 38.4 billion USD, accounting for over three quarters of the country’s total export revenue./.

VNA