It added up to more than $25.76 billion in total FDI during the period, rising 14.7%, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment

Container trucks seen at Tan Vu Port in the northern city of Hai Phong.

Of the total, over $5.33 billion was added to 1,051 existing projects. Though the additional capital fell 39%, the project number still increased 19.4% from a year earlier, showing investors were confident in Vietnam’s investment climate so they decided to expand their projects.

Meanwhile, foreign investors spent over $5.13 billion on contributing capital to and purchasing shares of domestic companies via 2,836 transactions, respectively rising 35.4% and dropping 5.4%.

During the period, about $18 billion was disbursed for FDI projects, up 2.4% year on year, according to FIA.

The processing and manufacturing industry took the lead with nearly $18.84 billion, accounting for almost 73.1% of the total and rising 45.8% year on year. It was followed by real estate (nearly $2.14 billion, down 44.8%), finance - banking (nearly $1.54 billion, up 61.4-fold), and wholesale - retail (nearly $907 million, up 6.3%).

During the 10 months, 108 countries and territories poured money into Vietnam. Singapore topped the list with nearly $4.65 billion, making up over 18% of the total. It was followed by the South Korea and Hong Kong.

HCM City was the best performer in attracting new projects (38%), those with additional capital (25.3%), and capital contribution and share purchasing transactions (66.6%), FIA noted.

Bac Giang leads nationwide in newly registered FDI capital

BAC GIANG - Since early this year, Bac Giang province has attracted more than 2.14 billion USD investment capital, nearly doubling the figure year on year, reported the Department of Planning and Investment.

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.

Bac Giang reports fivefold increase in FDI inflows in nearly 9 months

The northern province of Bac Giang has attracted 70 foreign direct investment (FDI) projects valued at over 1.38 billion USD so far this year to September 15, a fivefold increase compared to the same period last year, according to the provincial People’s Committee.

Experience in attracting FDI

BAC GIANG - Thanks to strongly improving the business investment environment, Bac Giang province has gained positive results in attracting foreign direct investment (FDI). The province has an attractive investment environment.

Vietnam attracts over 18.1 billion USD in FDI in eight months

Vietnam lured over 18.1 billion USD in foreign direct investment (FDI) as of August 20, an increase of 8.2% year-on-year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Source: VnExpress