Foreign direct investment (FDI) in Vietnam exceeds the 25 billion USD mark

Data from the Foreign Investment Agency ( Ministry of Planning and Investment ) shows that, as of October 20, 2023, newly registered, adjusted, contributed and contributed FDI capital reached more than 25.76 billion USD, an increase of 14.7% over the same period.

Of these, 2,608 new projects were granted investment registration certificates, up 66.1% over the same period; total registered capital reached more than 15.29 billion USD, up 54% over the same period last year.

There were 2,836 capital contribution, share purchase and capital contribution purchase transactions by foreign investors, down 5.4% over the same period; the total value of capital contribution reached more than 5.13 billion USD, up 35.4% over the same period.

foreign investment.jpg — In 10 months, foreign investment capital in Vietnam exceeded the 25 billion USD mark. (Photo: Hoang Ha)

According to the assessment of the Foreign Investment Agency, although the adjusted investment capital still decreased, the number of projects with adjusted capital maintained an increase compared to the same period. This affirmed the confidence of investors in Vietnam's investment environment and continued to make decisions to expand existing projects.

By investment sector, foreign investors have invested in 18 out of 21 national economic sectors.

Of which, the processing and manufacturing industry took the lead with total investment capital reaching nearly 18.84 billion USD, accounting for nearly 73.1% of total registered investment capital and increasing 45.8% over the same period.

The real estate business ranked second with a total investment capital of nearly 2.14 billion USD, accounting for more than 8.3% of total registered investment capital, down 44.8% over the same period.

The banking and finance and wholesale and retail sectors ranked third and fourth with total registered capital reaching nearly 1.54 billion USD, 61.4 times higher and nearly 907 million USD, up 6.3% respectively. The rest were other sectors.

investment bridge.jpg — Foreign investment structure in the first 10 months of 2023 by industry. (Source: Foreign Investment Agency)

In terms of investment partners, in the first 10 months of 2023, there were 108 countries and territories investing in Vietnam.

Of which, Singapore leads with nearly 4.65 billion USD, accounting for more than 18% of total investment capital in Vietnam and down 13% over the same period in 2022.

South Korea ranked second with nearly 3.93 billion USD, accounting for 15.2% of total investment capital and increasing 0.5% over the same period.

Hong Kong (China) ranked third with a total registered investment capital of nearly 3.54 billion USD, accounting for more than 13.7% of the total investment capital and nearly 2.6 times higher than the same period. Followed by China, Japan, Taiwan (China)...

By investment location, foreign investors invested in 55 provinces and cities across the country in the first 10 months of 2023.

Notably, Quang Ninh took the lead in terms of attracted investment capital with the issuance of two new large investment projects in October, with a total registered investment capital of nearly 3.09 billion USD, accounting for nearly 12% of the total registered investment capital and an increase of 41.3% over the same period in 2022.

Hai Phong ranked second with a total registered investment capital of more than 2.8 billion USD, accounting for 10.9% of the total investment capital of the country, 2.14 times higher than the same period. Followed by Hanoi, Ho Chi Minh City, Bac Giang...

As of October 20, 2023, it is estimated that foreign investment projects have disbursed about 18 billion USD, up 2.4% over the same period in 2022, a slight increase of 0.2 percentage points compared to the first 9 months of the year.

The Prime Minister stated three major commitments to foreign investors . The Prime Minister affirmed that Vietnam creates favorable conditions and builds a safe, transparent, and highly competitive investment and business environment so that the business community and investors, including foreign investors, can feel secure in making long-term investments in Vietnam.

Source