AsemconnectVietnam - Vietnam attracted nearly 36.61 billion USD of foreign direct investment (FDI) in 2023, an increase of 32.1% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the figure, 20.19 billion USD was invested in 3,188 new projects, a year-on-year surge of 62.2% in capital and 56.6% in project number.
Last year, over 7.88 billion USD was injected in 1,262 underway projects, down 22.1% over the same period last year.
Meanwhile, investment through capital contribution and share purchase deals hit over 8.5 billion USD, up 65.7% year on year despite a 3.2% decline in the number of transactions.
The major investment destinations in the country this year include Ho Chi Minh City, Hai Phong, Quang Ninh, Bac Giang, Hanoi, Bac Ninh, Binh Duong, and Dong Nai.
This year, foreign investors have invested in 18 out of 21 economic sectors, with processing-manufacturing receiving 23.5 billion USD or 64.2% of the total FDI capital (up 39.9% year on year), real estate nearly 4.67 billion USD (up 4.8%), power production and distribution 2.37 billion USD (up 4.9%), and finance-banking 1.56 billion USD (up nearly 27 times).
In 2023, 111 countries and territories have invested in Vietnam, led by Singapore with over 6.9 billion USD, accounting for 18.6% of total FDI inflows, a rise of 5.4% year on year. Japan ranked second with nearly 6.57 billion USD, while Hong Kong (China) came third with 4.68 billion USD.
FDI investment in Quang Ninh province in 2023
Investors from 20 countries and territories across the globe have registered more than 11.57 billion USD in 170 foreign direct investment (FDI) in the northern coastal province of Quang Ninh last year.
Hong Kong (China) was the largest source of the capital with 3.81 billion USD funneled in 49 projects, followed by Japan (over 2.34 billion USD) and the US (2.31 billion USD).
Last year, the province granted new investment licenses to 25 projects worth of 3.13 billion USD, and approved additional capital of 28.86 million USD for three others.
Quang Ninh holds huge potential to lure more foreign investors as the Quang Yen coastal economic zone now has more than 9,700 hectares of clean land.
Targeting at least 3 billion USD in FDI capital in 2024, the province will continue implementing its decree on fast and sustainable development of processing and manufacturing sector during the 2020-2025 period with a vision to 2030.
Quang Ninh will continue working to create the best conditions for enterprises, and considering incentives to lure further investments.
CK
Source: VITIC/vietnamplus.vn