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

Vietnam FDI in professional, scientific, and tech sectors declines, October

Vietnam’s professional, scientific, and technological sectors saw a decrease in foreign direct investment in October, according to Ministry of Planning and Investment data. New projects dropped by 50 percent from 38 in September to 19 in October. Registered capital also declined, falling by 33.01 percent from September’s US$85.17 million to US$57.06 million.

Year-to-date, these sectors have accumulated 306 projects with total capital amounting to US$904.14 million. While the sector’s growth has slowed, it remains a key area of interest for foreign investors focusing on high-value services and technology.

This monthly decline in both project count and capital could reflect a period of adjustment, with FDI in this sector often fluctuating due to the high specificity and varying capital demands of technology-driven projects. Despite this downturn, the sector is expected to maintain its role in supporting Vietnam’s innovation and technological advancement trajectory.

See also: Technology in Vietnam: Industry Overview 2024