May 10, 2023: Foreign investment capital exceeds the USD 25 billion mark

	Total foreign investment capital reached more than US$10 billion in the first three months of the year
	Processing and manufacturing led the total FDI in nine months

If considered by investment partners, in the first 10 months of 2023, there will be 108 countries and territories investing in Vietnam. Photo: Minh Duy

The processing and manufacturing industry attracted USD 18.84 billion

There were 2,608 new projects being granted investment registration certificates, with a total registered capital of more than USD 15.29 billion, an increase of 66.1% in the number of projects and an increase of 54% in capital compared to the same period last year; and there were 1,051 projects registered to adjust investment capital with a total additional capital of more than USD 5.33 billion, an increase of 19.4% in number but a decrease of 39% in capital over the same period. In addition, there were 2,836 capital contributions and share purchase transactions by foreign investors; despite a decrease of 5.4% over the same period in number, there was an increase of 35.4% in capital, reaching more than USD 5, 13 billion over the same period.

Thus, along with registered capital reaching the highest increase since the beginning of the year, although adjusted capital still decreased, the number of projects with capital adjustment also maintained an increase over the same period. This, according to the Foreign Investment Agency, has affirmed investors' confidence in Vietnam's investment environment and continues to make decisions to expand existing projects.

In terms of investment fields, foreign investors have invested in 18 industries out of 21 national economic sectors. Of which, the processing and manufacturing industry leads with a total investment capital of nearly USD 18.84 billion, accounting for nearly 73.1% of total registered investment capital and an increase of 45.8% over the same period. The real estate business ranked second with a total investment capital of nearly USD 2.14 billion, accounting for more than 8.3% of total registered investment capital, down 44.8% over the same period.

The banking and finance, wholesale, and retail industries ranked 3rd and 4th with a total registered capital of nearly USD 1.54 billion, 61.4 times more and nearly USD 907 million, an increase of 6.3%, respectively; The rest are other industries.

If considered by investment partners, in the first 10 months of 2023, there will be 108 countries and territories investing in Vietnam. Of which, Singapore leads with nearly USD 4.65 billion, accounting for more than 18% of total investment capital in Vietnam and a decrease of 13% compared to the same period in 2022. Korea ranks second with nearly USD 3.93 billion, accounting for 15.2% of total investment capital and an increase of 0.5% over the same period. Hong Kong (China) ranked third with a total registered investment capital of nearly USD 3.54 billion, accounting for more than 13.7% of total investment capital and nearly 2.6 times higher than the same period. Next are China, Japan, Taiwan (China)...

Quang Ninh rose to the top

Regarding investment areas, foreign investors have invested in 55 provinces and cities across the country in the first 10 months of 2023. Notably, as in previous months, Hanoi City always leads in revenue. Attracting foreign investment capital, in October, Quang Ninh took the lead in attracting investment capital with the issuance of 2 new large investment projects in October. These are the International Technology Complex Project of photovoltaic cells of Jinko Solar run by Hai Ha Vietnam with a total investment of USD 1.5 billion and the Lite-on Quang Ninh Factory Project with a total investment of USD 690 million. Thanks to that, the total registered investment capital has reached nearly USD 3.09 billion, accounting for nearly 12% of the total registered investment capital and an increase of 41.3% over the same period in 2022.

Meanwhile, Hai Phong ranked second with a total registered FDI capital of USD 2.8 billion, accounting for 10.9% of the total investment capital of the country and 2.14 times higher than the same period thanks to the LG Innotek Hai Phong project adjusted to increase capital by USD 1 billion and the Ecovance high-tech biodegradable materials factory project has an investment capital of USD 500 million. The next localities are Hanoi, Ho Chi Minh City, and Bac Giang.

However, in terms of the number of projects, Ho Chi Minh City is the leading area in the country in terms of the number of new projects (38%), number of adjusted projects (25.3%), and capital contribution and share purchase (66.6%). “This shows that new investment projects are still focused on provinces and cities that have many advantages in attracting foreign investment (good infrastructure, stable human resources, efforts to reform procedures administrative and dynamic in investment promotion,...) such as Quang Ninh, Hai Phong, Hanoi, Ho Chi Minh City, Bac Giang, Binh Duong...", the Foreign Investment Department said.

Also thanks to a series of huge-scale projects recently granted investment certificates, the total registered investment capital in 10 months has reached the highest increase since the beginning of the year, up 14.7% over the same period and increased 7% compared to 9 months.

The capital is not only registered positively but disbursed capital also recorded many positive results. According to the Foreign Investment Department, the drastic solutions of the Government and the Prime Minister have been effective in supporting and removing difficulties for businesses to disburse investment capital. As of October 20, 2023, it is estimated that foreign investment projects have disbursed about USD 18 billion, an increase of 2.4% over the same period in 2022, a slight increase of 0.2% compared to the first 9 months of the year.