Vietnam attracted $1.69 billion in foreign direct investment (FDI) as of January 20th, a 19.8% year-on-year decrease, according to the General Statistics Office. In January, local authorities granted licenses for 153 new FDI projects worth $1.2 billion, up 48.5% in number and 3.1 times in value.
The majority of the registered capital, accounting for 54.1% or $651.9 million, came from projects related to wholesale, retail, and repair of automobiles and motorized vehicles.
The processing and manufacturing industry came in second with $351.2 million in registered capital.
28 foreign countries and territories invested in Vietnam in January, with Singapore leading with $767.6 million, followed by China with $198.2 million.
Additionally, Vietnamese investors put $126.7 million into their projects overseas, increasing by 3.4 times compared to the same month last year.