Ho Chi Minh City attracted over $3 billion of FDI capital in the first eleven months of 2023, down 12.9 per cent year-on-year, figures from the city’s Statistics Office show.

It granted investment licenses to 1,090 FDI projects during the period with total registered investment capital of $573.5 million, year-on-year increases of 35.1 per cent in volume and 20.1 per cent in value.

Singapore leads countries and territories investing in the southern city, with 184 new projects and capital of over $170 million, accounting for 29.7 per cent of total new FDI projects.

It was followed by Japan with 95 projects and $81.2 million, and India with 40 projects and $62.2 million.

During the eleven-month period, 47,624 new enterprises were established in the city with total registered capital of more than VND431 trillion ($17.9 billion).