Total registered foreign capital in Vietnam during January – July amounted to more than 18 billion USD in Vietnam, a year-on-year increase of 10.9%, according to the Ministry of Planning and Investment’s Foreign Trade Agency.

Amidst global headwinds, Vietnam has worked to step up disbursement of public capital to bolster the economy as Prime Minister Pham Minh Chinh has reiterated the significance of public investment disbursement as a motive to fuel economic growth in short term as well as put in place uniform and modern infrastructure to lure more investment for sustainable development.

Foreign capital inflows fell whereas disbursed capital rose in the first 10 months of 2022, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam reeled in more than 19 billion USD from FDI attraction in the first eight months of this year, according to the Ministry of Planning and Investment.

Ho Chi Minh City had disbursed nearly 21.28 trillion VND (920 million USD at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported.

Foreign direct investment (FDI) worth 19.2 billion USD poured into Vietnam through October 20, a whopping rise of more than 40 percent over the same period last year.