Hanoi sees US$1.69bil investment in January

Big attraction: A worker making adjustments on the trading floor of the stock exchange in Ho Chi Minh City. Investors continue to like Vietnam and pumped a sizeable chunck into its economy last month. — Bloomberg

HANOI: Vietnam attracted US$1.69bil (RM7.2bil) worth of foreign investment in the first month of 2023, down 19.8% year-on-year (y-o-y).

According to the Foreign Investment Agency (FIA) under the Planning and Investment Ministry, one bright spot in January was that 153 new foreign investment projects, valued at US$1.2bil (RM5.1bil), were granted licences.