As of November 20, foreign direct investment (FDI) registration in Vietnam reached nearly 28.85 billion USD, marking a 14.8% increase compared to the previous year, as reported by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

According to FIA’s announcement on November 27, foreign investors have engaged in projects across 56 provinces and cities during the first 11 months of 2023. Quang Ninh province in the north stands out as the top FDI destination with nearly 3.11 billion USD, reflecting a substantial 42.3% growth from the same period last year. Following closely are Ho Chi Minh City with over 3.08 billion USD, Hai Phong city with 2.8 billion USD, Bac Giang province with 2.7 billion USD, and Hanoi with 2.6 billion USD.

HCM City leads in terms of its share in the total FDI, contributing 10.7%. It also takes the lead in the number of new projects (38%), additional capital projects (25.3%), and capital contributions to or purchases of shares in domestic companies (66.6%), according to statistical data.

As of November 20, Vietnam had 38,844 valid FDI projects totaling almost 462.4 billion USD. The registered capital of these projects saw disbursement of nearly 294.2 billion USD, equivalent to 63.6%, as reported by FIA.