Vietnam attracts nearly US$31.4 billion in FDI in 11 months

Foreign financiers registered a total of US$17.39 billion across 3,035 new projects, up 0.7% in capital and 1.6% year on year in project numbers.

Meanwhile, a total of 1,350 projects had their capital adjusted with the total amount reaching US$9.93 billion, up 40.7% in capital and 12.9% year on year in project numbers.

Furthermore, capital contributions and share purchases fell by 39.7% year on year to US$4.06 billion.

Foreign investors pumped their capital into 18 out of 21 economic sectors in the country, with processing and manufacturing taking the lead by attracting nearly US$20.2 billion, down 8.7% year on year.

Real estate ranked second with nearly US$5.63 billion, followed by wholesale and retail with nearly US$1.37 billion and electricity production and distribution with over US$1.12 billion.

Singapore topped the list of 110 countries investing in the Vietnamese market with roughly US$9.14 billion, up 53.7% year on year. It was followed by the Republic of Korea, China, Hong Kong (China), and Japan.

Foreign investors channeled funds into 55 provinces and cities nationwide throughout the reviewed period. Bac Ninh made up the largest recipient with nearly US$5.04 billion, making up 16% of the country’s total investment and representing a three-fold rise over the same period from last year. This was followed by Quang Ninh, Ho Chi Minh City, Hai Phong, Hanoi, and Binh Duong.

According to the Ministry of Planning and Investment, about US$21.68 billion was disbursed during the reviewed period, up 7.1% year on year.