FDI inflows surge over 32% in 2023
VGP - Viet Nam lured nearly US$36.61 billion in foreign investment in 2023, up 32.1 percent against the previous year, the Foreign Investment Agency under the Ministry of Planning and Investment has revealed.
The above figure includes over US$20.19 billion in channelled into 3,188 new projects, representing a 62.2 percent year-on-year increase in value compared to the same period last year.
Foreign investors pledged to add US$7.88 billion to 1,262 existing projects, or 22.1 percent decrease in capital and 14 percent in the number of projects from the previous year.
They also spent more than US$8.5 billion on share purchase of domestic companies through 3,451 transactions.
Meanwhile, total disbursed volume of FDI this year reached a new record of US$23.18 billion, up 3.5 percent from 2022.
The manufacturing industry remained an investment stronghold in the Southeast Asian country as foreign investors poured in nearly US$23.5 billion in manufacturing projects, accounting for 64.2 percent of the total FDI inflows.
It was followed by real estate with nearly US$4.67 billion, making up 12.7 percent; electricity production and distribution with US$2.37 billion and finance-banking with US$1.56 billion.
Among the 111 countries and territories investing in Viet Nam, Singapore retained its crown as the largest investor with US$6.8 billion, making up 18.6 percent of the nation's total FDI. It was followed by Japan with US$6.57 billion and Hong Kong (China) with US$4.68 billion.
This year, Ho Chi Minh City led provinces and cities receiving FDI capital, with US$5.85 billion, accounting for 16 percent of the total amount and up 48.5 percent compared to 2022.
It was followed by the northern city of Hai Phong with US$3.26 billion, making up 8.9 percent and up 66.2 percent./.
