In October, Vietnam’s construction sector experienced a notable disparity in foreign direct investment metrics, according to Ministry of Planning and Investment data. The number of new projects rose by 16.67 percent from six in September to seven in October. However, registered capital in the sector saw a sharp decline, dropping 97.88 percent from September’s US$517.55 million to just US$10.98 million in October (although this was more in line with the average for the year with September seemingly the anomaly).
Year-to-date, the construction sector has attracted 47 projects with a cumulative registered capital of US$597.67 million.
Of note, the construction sector remains integral to Vietnam’s FDI landscape, supporting infrastructure development and urban growth.