Foreign investment surges in Vietnam as companies plan new factories

[Viet]

HANOI (Reuters) - Foreign investment in Vietnam surged in October as the manufacturing hub attracted more than double the financial pledges it has received monthly this year, amid a big boost in spending for new plants, official data showed on Friday.

So far in October, the Southeast Asian country has received foreign investment commitments worth $5.3 billion, against a monthly average of $2.2 billion in the rest of the year.

Around 90% of the October inflows were driven by plans to build factories, according to the data from Vietnam's investment ministry.

Foreign investment surges in Vietnam as companies plan new factories By Reuters

Foreign investment surges in Vietnam as companies plan new factories

m.investing.com

 

[Sam6536]

HANOI (Reuters) - Foreign investment in Vietnam surged in October as the manufacturing hub attracted more than double the financial pledges it has received monthly this year, amid a big boost in spending for new plants, official data showed on Friday.

So far in October, the Southeast Asian country has received foreign investment commitments worth $5.3 billion, against a monthly average of $2.2 billion in the rest of the year.

Around 90% of the October inflows were driven by plans to build factories, according to the data from Vietnam's investment ministry.

Foreign investment surges in Vietnam as companies plan new factories By Reuters

Foreign investment surges in Vietnam as companies plan new factories

m.investing.com

Cool, my 2022 sony earbuds say that they have been manufactured in Vietnam.