Vietnam lures US$3.1 billion in FDI in first two months of 2023

In the first two months of 2023, Vietnam committed $3.1 billion in total foreign direct investment. This is a 38% decrease from the same period last year.

The Ministry of Planning and Investment reports that the manufacturing sector received US$2.17 billion in FDI, followed by the real estate industry with over US$390 million and wholesale and retail with over US$200 million. The largest foreign investor in Vietnam at the time was Singapore.

Taiwan (China) and the Netherlands came second and third. Sweden, the Republic of Korea, and China were some additional significant investors.

The largest beneficiary of FDI was Bac Giang, followed by Ho Chi Minh City.
Disbursement for the two-month span was predicted at 2.55 billion USD, a 4.9% decrease from the previous year.

Including crude oil, the exports of foreign-invested companies decreased by 5.3% on a yearly basis to 38.4 billion USD, or more than three-quarters of the entire export earnings of the nation.