Of the total, 20.19 billion USD was invested in 3,188 new projects, a year-on-year surge of 62.2% in capital and 56.6% in project number, the agency reported.

Foreign investors have invested in 18 out of 21 economic sectors, with processing-manufacturing receiving 23.5 billion USD or 64.2% of the total FDI capital.

At the same time, over 7.88 billion USD was injected in 1,262 underway projects, down 22.1% over the same period last year.

Meanwhile, investment through capital contribution and share purchase deals hit over 8.5 billion USD, up 65.7% year on year despite a 3.2% decline in the number of transactions.

According to the agency, the major investment destinations in the country this year include Ho Chi Minh City, Hai Phong, Quang Ninh, Bac Giang, Hanoi, Bac Ninh, Binh Duong, and Dong Nai.

This year, foreign investors have invested in 18 out of 21 economic sectors, with processing-manufacturing receiving 23.5 billion USD or 64.2% of the total FDI capital (up 39.9% year on year), real estate nearly 4.67 billion USD (up 4.8%), power production and distribution 2.37 billion USD (up 4.9%), and finance-banking 1.56 billion USD (up nearly 27 times).

In 2023, 111 countries and territories have invested in Vietnam, led by Singapore with over 6.9 billion USD, accounting for 18.6% of total FDI inflows, a rise of 5.4% year on year. Japan ranked second with nearly 6.57 billion USD, while Hong Kong (China) came third with 4.68 billion USD.

Tax revenue from FDI companies surpasses yearly estimate

BAC GIANG- According to the provincial Department of Taxation, the tax revenue from foreign direct investment (FDI) companies in the first 11 months is estimated at some 2.3 trillion VND (94.5 million USD), exceeding about 60 percent of the yearly assigned estimate.

Recapping a 35-year journey: Vietnam’s FDI

Billions of U.S. dollars of foreign investment have fueled Vietnam’s economic growth over the years, but this has also left its economy dependent on outside forces.

Hanoi ranks third in FDI attraction in ten months

Hanoi attracted over 2.6 billion USD in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period, Deputy Director of the city’s Department of Planning and Investment Nguyen Ngoc Tu said on November 14.

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.

Source: VNA