Vietnam's 11-month FDI inflows reach $28.85 bln, up 14.8%

Foreign investors have invested in 56 provinces and cities during the 11 months of 2023, according to the Ministry of Planning and Investment.

The northern province of Quang Ninh remains the top FDI destination, with nearly $3.11 billion, up 42.3% from the same period last year. It is followed by Ho Chi Minh City with over $3.08 billion, Hai Phong City with $2.8 billion, Bac Giang Province with $2.7 billion, and Hanoi with $2.6 billion.

According to statistics, Ho Chi Minh City accounts for 10.7% of total FDI, leads in the number of new projects (38%), those with additional capital (25.3%), and capital contributions to or purchases of shares in domestic companies (66.6%).

As of November 20, there were 38,844 active FDI projects in Vietnam totaling nearly $462.4 billion. Nearly $294.2 billion of the projects’ registered capital was disbursed, equivalent to 63.6%, according to FIA.