Business

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.
FDI flows into Vietnam go up 14.8% in 11 months ảnh 1The skyline of HCM City, which attracted over 3.08 billion USD in FDI as of November 20. (Photo: VNA)
Hanoi (VNA) – Nearly 28.85 billion USD in foreign direct investment (FDI)was registered as of November 20, rising 14.8% year on year, reported theForeign Investment Agency (FIA) under the Ministry of Planning and Investment.

FIAsaid on November 27 that foreign investors have invested in 56 provinces andcities during the 11 months of 2023.

Thenorthern province of Quang Ninh remains the biggest destination of FDI withnearly 3.11 billion USD, up 42.3% from the period last year. It is followed by Ho Chi Minh City with over3.08 billion USD, Hai Phong city 2.8 billion USD, Bac Giang province 2.7billion USD, and Hanoi 2.6 billion USD.

FDI flows into Vietnam go up 14.8% in 11 months ảnh 2HCM City accounts for 10.7% of the total FDI recorded during the first 11 months of this year. (Photo: VNA)
HCMCity, accounting for 10.7% of the total FDI, takes the lead in thenumbers of new projects (38%), those with additional capital (25.3%), and capitalcontributions to or purchases of shares at domestic companies (66.6%),statistics show.

Asof November 20, there were 38,844 valid FDI projects worth almost 462.4 billionUSD in total across Vietnam. Nearly 294.2 billion USD of the projects’registered capital was disbursed, equivalent to 63.6%, according to FIA./.
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#foreign direct investment #FDI #Foreign Investment Agency #Ministry of Planning and Investment #foreign investors #Quang Ninh #Ho Chi Minh City #updated Vietnam news #Vietnamplus #Vietnam News Agency
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