Business

Hanoi still tops FDI destinations during nine months

Hanoi recorded nearly 2.53 billion USD in foreign direct investment (FDI) registered during the first nine months of 2023, maintaining its top position in FDI attraction in Vietnam, said the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Hanoi still tops FDI destinations during nine months ảnh 1Hanoi has attracted nearly 2.53 billion USD in FDI during the first nine months of 2023. (Photo: VNA)
Hanoi (VNA) – Hanoi recorded nearly 2.53 billion USD in foreigndirect investment (FDI) registered during the first nine months of 2023, maintainingits top position in FDI attraction in Vietnam, said the Foreign InvestmentAgency (FIA) under the Ministry of Planning and Investment.

The FDI in Hanoi accounted for nearly 12.5% of the registered sumnationwide and increased 2.46-fold year on year.

During the period, foreign investors poured money into 54of the 63 provinces and centrally-run cities.

The northern city of Hai Phong came second withnearly 2.21 billion USD, equivalent to 10.9% of the total and up 82.4% from ayear earlier. It was followed by Ho Chi Minh City, Bac Giang province, and BinhDuong province.

Meanwhile, HCM City took the lead in the number of new FDIprojects, the ones receiving additional capital, as well as foreign investors’ dealsto contribute capital to and purchase shares of domestic companies, whichrespectively expanded 38.2%, 23%, and 66.3%.

Among the 102 countries and territories investing in Vietnamduring the nine months, Singapore was the biggest investor with more than 3.98billion USD, or over 19.7% of the total but down 15.2% year on year.

It was followed by China (2.92 billion USD, 14.5% of the total,and up 94.9%) and Japan (nearly 2.9 billion USD, 14.3% of the total, and up 51%).

China had the biggest number of new projects (21.2% of the total)while the Republic of Korea led in terms of the projects added with moreinvestment (26.7%) and the number of capital contribution and share purchasedeals (28.5%), statistics show.

The FIA said that between January and September, the disbursedcapital of FDI projects rose 2.2% year on year and 0.5percentage point from the eight-month figure, proving the effectiveness of the Government’sstrong measures for tackling difficulties facing businesses.

Though the nine-month registered FDI, nearly 20.21 billion USD, fell slightly from the eight months (by 0.5 percentage point), it was still 7.7% higherthan in the same period last year.

Additionally, the additional capital in recent months has beenon the rise in recent months compared to the first months of the year. The numberof existing projects added with more funding has also gone up, demonstrating investors’trust in Vietnam’s investment climate, according to the FIA./.
VNA
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