FDI flows into Vietnam go up 14.8 per cent in 11 months

December 01, 2023 | 09:31

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Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

FDI flows into Vietnam go up 14.8 per cent in 11 months

HCM City accounts for 10.7 per cent of the total FDI recorded during the first 11 months of this year. (Photo: VNA)

Hanoi – Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

FIA said on November 27 that foreign investors have invested in 56 provinces and cities during the 11 months of 2023.

The northern province of Quang Ninh remains the biggest destination of FDI with nearly 3.11 billion USD, up 42.3 per cent from the period last year. It is followed by Ho Chi Minh City with over 3.08 billion USD, Hai Phong city 2.8 billion USD, Bac Giang province 2.7 billion USD, and Hanoi 2.6 billion USD.

HCM City, accounting for 10.7 per cent of the total FDI, takes the lead in the numbers of new projects (38 per cent), those with additional capital (25.3 per cent), and capital contributions to or purchases of shares at domestic companies (66.6 per cent), statistics show.

As of November 20, there were 38,844 valid FDI projects worth almost 462.4 billion USD in total across Vietnam. Nearly 294.2 billion USD of the projects’ registered capital was disbursed, equivalent to 63.6 per cent, according to FIA.

FDI disbursement in first nine months highest ever

In the first nine months, foreign investment disbursement was $15.9 billion, the highest amount during 2018-2023, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA).

Hanoi continues to lead in FDI attraction in first nine months

Hanoi has maintained its position as the leading destination in Vietnam for foreign direct investment (FDI), bringing in nearly 2.53 billion USD in registered capital during the first nine months of 2023 and representing nearly 12.5% of the country’s total.

Sharply increasing FDI capital flows to Hung Yen

By October, Hung Yen was home to nearly 2,200 investment ventures with a cumulative registered capital of over $20 billion, including 536 foreign-invested projects valued $6.76 billion. For the first time, this pushed it into the top 10 localities in terms of foreign direct investment (FDI) attraction in the country.

By VNA

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