HANOI, Sept 6 (Bernama-Xinhua) — Vietnam attracted an estimated foreign direct investment (FDI) of US$14.15 billion from January to August 2024, marking the highest amount in the first eight months of the past five years, according to the General Statistics Office, reported Xinhua.
This surge in FDI reflects growing investor confidence in Vietnam's economic potential, driven by its favourable business climate and strategic location in Southeast Asia.
The processing and manufacturing industry took the lead with US$11.28 billion of FDI, accounting for 79.7 per cent during the cited period, followed by real estate with US$1.27 billion.
As of Aug 31, Vietnam's total foreign investment reached US$20.52 billion, up 7 per cent year-on-year, said the office.
A total of 66 countries and territories have been granted new investment licences in Vietnam in eight months.
Singaporean investors dominated the investment flow with US$4.66 billion.
--BERNAMA-XINHUA
