Newly registered FDI surges 54% in 10 months

Over 15.29 billion USD was channelled into 2,608 new foreign direct investment (FDI) projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

HCM City was the best performer in attracting new projects, those with additional capital, and capital contribution and share purchasing transactions during the first 10 months of 2023. (Photo: baodautu.vn)

It added up to more than 25.76 billion USD in total FDI during the period, rising 14.7%, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment

Of the total, over 5.33 billion USD was added to 1,051 existing projects. Though the additional capital fell 39%, the project number still increased 19.4% from a year earlier, showing investors were confident in Vietnam’s investment climate so they decided to expand their projects.

Meanwhile, foreign investors spent over 5.13 billion USD on contributing capital to and purchasing shares of domestic companies via 2,836 transactions, respectively rising 35.4% and dropping 5.4%.

During the period, about 18 billion USD was disbursed for FDI projects, up 2.4% year on year, according to FIA.

Up to 18 of the 21 economic sectors received FDI during the first 10 months. Among them, the processing and manufacturing industry took the lead with nearly 18.84 billion USD, accounting for almost 73.1% of the total and rising 45.8% year on year. It was followed by real estate (nearly 2.14 billion USD, down 44.8%), finance - banking (nearly 1.54 billion USD, up 61.4-fold), and wholesale - retail (nearly 907 million USD, up 6.3%).

Processing and manufacturing also ranked first in terms of new projects (32.8% of the total) and those with additional capital (54.4%). Meanwhile, the wholesale and retail sector recorded the biggest number of capital contribution and share purchasing transactions (41.6%).

Producing concrete piles at a factory in Phu My 3 Industrial Park, Ba Ria - Vung Tau province (Photo: VNA)

During the 10 months, 108 countries and territories poured money into Vietnam. Singapore topped the list with nearly 4.65 billion USD, making up over 18% of the total and declining 13%. It was followed by the Republic of Korea (RoK) with nearly 3.93 billion USD (making up 15.2% and rising 0.5%), and Hong Kong (China) with nearly 3.54 billion USD (making up over 13.7% and rising almost 2.6-fold).

 While China took the lead in the number of new projects (accounting for 21.7%), the RoK ranked first in terms of the projects with additional capital (25.7%) and capital contribution and share purchasing transactions (28.2%).

Asian investors still dominated FDI flows into Vietnam during the period, with Singapore, China, Japan, the RoK, Hong Kong, and Taiwan accounting for up to 81.7% of the total value.

Of the 55 provinces and cities recording FDI inflows, Quang Ninh attracted the most capital with nearly 3.09 billion USD, accounting for nearly 12% and increasing 41.3% from a year earlier. Hai Phong city stood second with over 2.8 billion USD, accounting for 10.9% and surging 2.14-fold, followed by Hanoi, Ho Chi Minh City, and Bac Giang province.

HCM City was the best performer in attracting new projects (38%), those with additional capital (25.3%), and capital contribution and share purchasing transactions (66.6%), FIA noted./.

VNA