Vietnam attracts US$1.69bil in foreign investment in January

Producing shoe components at a foreign-invested company, in Thuan An City, Bình Duong Province. — VNA/VNS

HANOI (Vietnam News/Asia News Network): Vietnam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 per cent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

One bright spot in January was that 153 new foreign-invested projects, valued at $1.2 billion, were granted licences, up 48.5 per cent in number and 3.1 times in value, which was a signal to confirm the confidence of foreign investors in the investment environment of Vietham, the FIA said.