Vietnam lures 3.1 billion USD in FDI in two months
Vietnam attracted a total committed foreign direct investment (FDI) 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.
Hanoi (VNA) - Vietnam attracted a total committed foreign direct investment(FDI) 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.
Of the total, 1.76 billion USD was poured into 261 new projectswhile an additional 535.4 million USD was committed to 133 existing projects.Stake purchases by foreign investors were estimated 797.9 million USD.
The manufacturing sector was the largest recipient of FDI, with 2.17 billionUSD, accounting for 70.1% of total pledges, followed by property trading with396.9 million USD, and wholesale and retail with 202.1 million USD.
Singapore was the largest foreign investor in Vietnam during theperiod, with 978.4 million USD, equivalent to nearly one third of the totalfigure.
Taiwan (China) and the Netherlands came second and third with 407.1 million USDand 369 million USD, respectively. Other large investors included China, theRepublic of Korea and Sweden.
Bac Giang was the largest FDI recipient with 824.3 million USD,followed by Ho Chi Minh City with 369.1 million USD.
During the two-month period, disbursement was estimated at 2.55billion USD, down 4.9% from last year.
Exports by foreign-invested firms (including crude oil) fell by 5.3% year-on-yearto 38.4 billion USD, accounting for over three quarters of the country’s totalexport revenue./.
The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.
Foreign direct investment (FDI) flows to Vietnam are slowing down but promising moves are showing that waves of FDI to the country will be stronger in the coming time, said Chief Representative of the Japan External Trade Organisation (JETRO) in Hanoi Nakajima Takeo.
The agricultural sector targets attracting 25 billion USD in foreign direct investment (FDI) by 2030, along with 5 billion USD in loans and 1 billion USD in grants.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Illustrative image (Source: VNA) 
