Overview

• Foreign investment in Vietnam saw a notable surge in October 2023, with the country attracting more than double its monthly average investment pledges for the year.
• Factory construction plans were the key driver for this boost, accounting for around 90% of all investment inflows in October.
• Within the first 10 months of 2023, Vietnam has received foreign investment commitments worth $25.76 billion, marking a 14.7% increase from the same period last year.
• The manufacturing and processing industry led the sectors, garnering 75% of the total investment pledges.
• The top investors for this period were China and Hong Kong with the highest pledges, followed by Singapore and South Korea.