Vietnam’s financial, banking, and insurance sector saw steady foreign direct investment project numbers but a significant capital increase in October, according to Ministry of Planning and Investment data. The sector counted one new project in October, consistent with September, yet registered capital more than doubled, rising by 111.98 percent from US$4.21 million in September to US$8.93 million in October.
Year-to-date, the sector has attracted six projects with a cumulative registered capital of US$121.42 million. The rise in capital highlights increased interest in Vietnam’s financial services landscape, as international investors recognise the potential for expansion in banking, insurance, and financial services.
See also: Vietnam’s Financial Sector: An Overview