The professional, scientific and technological activities sector attracted US$235.95 million in foreign direct investment in March, according to the latest data from the Ministry of Industry and Trade. This included 46 new projects worth just US$12 million, indicating modest initial capital commitments.
Breakdown by activity:
- 8 existing projects received US$44 million in additional capital.
- 45 shareholding adjustments brought in a significant US$180 million, making up more than three-quarters of total inflows.
The high level of share capital activity reflects growing interest in Vietnam’s innovation and R&D landscape. This could be in part supported by Vietnam’s Investment Support Fund that was announced earlier this year that provides investment support to firms investing in the science and technology space.
See also: Technology in Vietnam: Industry Overview