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Vietnam attracts over 39,100 FDI projects with registered capital of nearly 469 billion USD so far

Vietnam had attracted 39,140 foreign direct investment (FDI) projects with total registered capital of over 468.91 billion USD by the end of 2023, reported the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
Vietnam attracts over 39,100 FDI projects with registered capital of nearly 469 billion USD so far ảnh 1Illustrative photo (Photo: VNA)

Hanoi (VNA) – Vietnam hadattracted 39,140 foreign direct investment (FDI) projects with totalregistered capital of over 468.91 billion USD by the end of 2023, reported the ForeignInvestment Agency under the Ministry of Planning and Investment (MPI).

Ho Chi Minh City topped the list of localities nationwide in FDIattraction with 12,398 projects and registered capital of 57.63 billionUSD, accounting for 31.67% of the total number of projects and nearly 13% of the total registered capital. It was followed by Hanoi with 7,363 projects and registered capital of41.17 billion USD; and southern Binh Duong province with 4,217 projects and 40.4 billionUSD.

Other major investment destinations in Vietnam included DongNai, Ba Ria-Vung Tau, Hai Phong, Bac Ninh, Thanh Hoa, Long An and Quang Ninh.

Meanwhile, 10 localities with the lowest amounts of FDI inVietnam included Lai Chau, Dien Bien, Ha Giang, Cao Bang, Bac Kan, Gia Lai, SonLa, Ca Mau, Tuyen Quang and Dong Thap.

In 2023 alone, Vietnam attracted 36.6 billion USD in FDI withmajor investment destinations including Ho Chi Minh City, Hai Phong, QuangNinh, Bac Giang, Hanoi, Bac Ninh, Binh Duong, and Dong Nai.

According to the MPI, in the past time, the FDI capital flows intoVietnam have still focused on provinces and cities that have many advantages such asfavourable infrastructure and stable human resources, administrative reform anddynamism in investment promotion.

Deputy Minister of Planning and Investment Tran Quoc Phuong saidat a recent meeting that the position and role of Vietnam in the global FDIflows have continued to improve

Vietnam has not only been an attractive investment destination, withregistered FDI capital in 2023 reaching about 36.6 billion USD, ayear-over-year increase of over 32%, but also proactively invested abroad, evenin developed economies and in new industries.

Moreover, Vietnam has strongly promoted innovation, digitaleconomy, green growth, circular economy, and new economic sectors such as chipmanufacturing, semiconductors, high-tech agriculture, and mining, high-qualityhuman resources training to better seize opportunities from major countries’strategic competition, global FDI capital flow shifting, free trade agreements,and partnerships with other countries.

However, Phuong said that Vietnam’s foreign investment in thenew situation still faces shortcomings in terms of institutions, policies, investmentquality and efficiency.

He added that Vietnam is a bright spot in FDI attraction in theworld but the link between the FDI sector and domestic enterprises is stillweak and has not strongly promoted technology transfer and improved position inthe global value chains./.

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