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FDI flows into Vietnam go up 14.8% in 11 months

Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8% 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.

FDI flows, foreign direct investment, biggest destination, additional capital, registered capital, valid FDI projects

The skyline of HCM City, which attracted over 3.08 billion USD in FDI as of November 20.

The northern province of Quang Ninh remains the biggest destination of FDI with nearly 3.11 billion USD, up 42.3% 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.

Ho Chi Minh City, accounting for 10.7% of the total FDI, takes the lead in the numbers of new projects (38%), those with additional capital (25.3%), and capital contributions to or purchases of shares at domestic companies (66.6%), 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%, according to FIA.

Bac Giang’s 10-month FDI attraction over 5 times higher than 2022 same period
BAC GIANG - In the first 10 months of 2023, Bac Giang province attracted 81 foreign direct investment (FDI) projects with a total registered capital of more than 1.5 billion USD, 5.2 times higher than the same period last year, according to the provincial People’s Committee.
 
Newly-registered FDI at 25.7 billion USD in 10M
Total newly-registered investment capital, additional capital, contributed capital for share purchases, and contributed capital from foreign investors totaled 25.762 billion USD in the first 10 months of 2023, an increase of 14.7% over the same period of 2022 and the highest increase since the beginning of this year.
 
Newly registered FDI surges 54% in 10 months
Over $15.29 billion was channeled into 2,608 new foreign direct investment (FDI) projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.
 
Firms hold chances to boost supporting industries amid FDI inflows
As Vietnam is emerging as a magnet for foreign businesses, domestic companies now have numerous opportunities to join global supply chains and develop supporting industries.
 
FDI seems set to beat last year’s $27.7B
Foreign direct investment this year is likely to exceed last year’s US$27.7 billion, KB Securities Vietnam Company said.
 

Source: VNA

FDI flows, foreign direct investment, biggest destination, additional capital, registered capital, valid FDI projects
 
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