September 27, 2023 | 16:30 GMT+7

9M FDI hits $10.2bln

Anh Nhi -

Hanoi led the country in FDI attraction in the first nine months.

Vietnam attracted 2,254 new FDI projects with total registered investment capital of over $10.23 billion in the first nine months of this year, increases of 66.3 per cent and 43.6 per cent year-on-year, respectively, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

The figure brings total newly-registered capital, additional capital, and capital contributed to buy shares or capital contributed by foreign investors to nearly $20.21 billion as of September 20, up 7.7 per cent compared to the same period last year.

Foreign investment went to 18 of Vietnam’s 21 economic sectors. The manufacturing and processing sector topped the list with over $14 billion, a year-on-year rise of 15.5 per cent and accounting for 69.3 per cent of the total.

The real estate sector followed, with nearly $1.94 billion, representing 9.6 per cent of the total but down 45 per cent year-on-year.

Banking and finance and wholesale and retail ranked third and fourth, with $1.54 billion and $734 million.

Hanoi led 54 cities and provinces during the nine-month period, with nearly $2.53 billion, or 12.5 per cent of the country’s total and up 2.46-fold year-on-year.

Northern Hai Phong city secured second place with nearly $2.21 billion, accounting for 10.9 per cent of the total and up 82.4 per cent.

Following were Ho Chi Minh City and Bac Giang and Binh Duong provinces.

Investors mostly came from Singapore, China, Japan, South Korea, Hong Kong (China), and Taiwan (China).

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