Vietnam attracts nearly $31.4 bln in FDI in 11 months

This year, as of November 30, Vietnam has attracted nearly $31.4 billion of  registered FDI capital, a 1% increase compared to the same period in 2023, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

The FIA reported that of the total $31.4 billion, new registered capital reached $17.39 billion (3,035 projects), a 0.7% increase year-on-year; while additional capital adjustments amounted to $9.93 billion (1,350 projects), a significant 40.7% increase.

Investment continues to concentrate in localities with strong foreign investment attraction advantages, such as good infrastructure,  stable workforce, streamlined administrative procedures, and proactive investment promotion efforts.

These include Bac Ninh, Quang Ninh, Ho Chi Minh City, Hai Phong, Ha Noi, Binh Duong, Ba Ria – Vung Tau, Dong Nai, Nghe An, and Bac Giang.

These ten localities alone accounted for 79.6% of new projects and 69.4% of total registered capital in the first eleven months, nationwide.

Bac Ninh took the lead, with nearly $5.04 billion of registered capital, representing 16% of the national total, and more than three times higher than the figure it recorded in the same period last year.

Major investors over the 11 months were Vietnam's traditional partners, primarily from Asia. The top five investors (Singapore, South Korea, China, Hong Kong (China), and Japan) accounted for nearly 73% of new projects and over 77% of total newly registered capital.

In the first 11 months, 110 countries and territories invested in Vietnam. Singapore led the way with nearly $9.14 billion, accounting for 29.1% of the total, representing a 53.7% year-on-year increase. South Korea was second with over $3.89 billion (12.4% of the total), and a 9% decrease compared to the same period last year.