Vietnam Jan-Oct foreign investment inflows up 2.4% year-on-year

HANOI (Reuters): Vietnam saw foreign investment inflows in the first 10 months of 2023 rise 2.4% from the same period a year earlier to US$18 billion, the investment ministry has confirmed.

Foreign investment pledges - which indicate the size of future disbursements - rose 14.7% from a year earlier to $25.76 billion, the Ministry of Planning and Investment said in a statement.

Of the pledges, 73.1% would go to manufacturing and processing, and 8.3% are to be invested in real estate businesses, it said.

Singapore, South Korea and Hong Kong were among the largest sources of foreign investment over the January-October period.

Meanwhile, Vietnam also reported that rice exports in the January-October period are estimated to have risen about 17% from a year earlier to 7.1 million metric tons, government data showed on Sunday.

Revenue from rice exports in the period is seen up 34.9% at $4 billion. October rice exports from Vietnam, one of the world's leading shippers of the grain, were estimated at 700,000 metric tons, worth $433 million. - Reuters