A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

how to guides

cheat sheets

snapshots

Vietnam FDI in January broken down by industry/type

Vietnam’s FDI in January reached just over US$2.23 billion. Real estate attracted the most new foreign capital accounting for a little more than half of the total FDI received. It was followed by manufacturing and processing which also had a healthy January recording 63 new projects worth just under US$716 million.

Vietnam FDI January 2024, by industry, type

New projects, industry#US$ 000s
Manufacturing and processing industry63715913
Producing and distributing electricity, gas, water, and air conditioning00
Real estate business activities101243581
Construction20.64
Wholesale and retail; repair cars, motorbikes, and motorbikes7440901
Agriculture, forestry and fisheries00
Professional, scientific and technological activities142403
Transport and warehouse51404
Information and communication131576
Accommodation and food services3286
Administrative operations and support services34319
Other service activities00
Education and training392
Water supply and waste treatment00
Health and social assistance activities00
Extractive00
Arts, entertainment and recreation00
Financial, banking and insurance activities00
Working as hired labor in households00
Sub-total1902,010,476

 

Additional funding for exiting projects, industry#US$ 000s
Manufacturing and processing industry5519352
Producing and distributing electricity, gas, water, and air conditioning00
Real estate business activities37,319
Construction2-7,048
Wholesale and retail; repair cars, motorbikes, and motorbikes51,722
Agriculture, forestry and fisheries333,995
Professional, scientific and technological activities35,847
Transport and warehouse00
Information and communication00
Accommodation and food services352
Administrative operations and support services00
Other service activities00
Education and training12
Water supply and waste treatment00
Health and social assistance activities00
Extractive00
Arts, entertainment and recreation00
Financial, banking and insurance activities00
Working as hired labor in households00
Sub-total7561,241

 

Capital contributions and share purchases, industry#US$ 000s
Manufacturing and processing industry191641
Producing and distributing electricity, gas, water, and air conditioning21,484
Real estate business activities42205
Construction41,125
Wholesale and retail; repair cars, motorbikes, and motorbikes8611,862
Agriculture, forestry and fisheries135
Professional, scientific and technological activities2756,948
Transport and warehouse5366
Information and communication102,223
Accommodation and food services9946
Administrative operations and support services369
Other service activities165
Education and training142
Water supply and waste treatment125
Health and social assistance activities141
Extractive00
Arts, entertainment and recreation00
Financial, banking and insurance activities00
Working as hired labor in households00
Sub-total174201,559

 

Grand Total#US$ 000s
FDI projects receiving foreign capital4392273275.64

Source: Ministry of Planning and Investment

 

share

get connected with an expert
contribute a guest post
send a letter to the editor
submit a press release

latest news

Vietnam-US Trade Tracker: May 2024 Update [data set]

The United States is the biggest buyer of Vietnam’s exports and together the two countries engage in over US$100 billion worth of trade each year. This tracker looks at what is imported from the US and exported to the US from Vietnam using the most recent data available.

Read More »

Proposal to increase foreign ownership limits in airlines in Vietnam rejected

The Vietnam airline industry has been struggling broadly as a result of government regulated ticket prices, increasing fuel costs, and a debt hangover from the COVID-19 pandemic when the industry more-or-less ground to a halt. Bamboo Airways, in particular, only took to the skies in 2019 the year before the pandemic broke out. It also started life as a subsidiary of FLC Group which has been heavily mired in controversy after its leader was arrested back in 2022. This saw the airline spun off but the new independent entity has never had much success and has repeatedly downsized its fleet and the number of routes it offers…

Read More »

Adidas, New Balance suppliers struggling to find workers in southern Vietnam

Some of the challenges raised in this article, with respect to hiring workers, is that workers have more job options other than factory work, workers no longer need to move to population centres with many manufacturing operations opening in tier two cities and provinces, and workers that moved back to their hometowns during the COVID-19 pandemic have still not returned on the back of the general uncertainty that the pandemic created.

Read More »

Korea’s Daewoo looking at making cars in Vietnam

Vietnam’s automotive industry is huge but dominated by motorcycles. That said, cars are becoming more popular with just shy of 5 million registered vehicles at the end of 2020. This does, however, represent just 5 percent of the population of 100 million people which means there is plenty of room for car sales to grow…

Read More »

Russian president could be in Vietnam next week: Reuters

Vietnam has remained cordially with Russia throughout the Ukraine War. The Southeast Asian nation is heavily dependent on Russia for its arms supplies but also has a strong bond with the country on account of their similar political pasts. This has seen Russian tourist arrivals grow by 80 percent in the first five months of this year over the first five months of 2023 and…

Read More »

advertising enquiry

submit a press release

Note that it will be marked as a press release/sponsored post.

guest post

We publish guest posts of 800 to 1000 words from experts who have something unique to say on topics relevant to our audience. 

get connected with an expert

letters to the editor

We review letters for quality and authority and generally only publish views that add to the discussion from experts in their field.