Ho Chi Minh City led the country in FDI attraction during 2022, Ministry of Planning and Investment (MPI) figures show.

It attracted over $3.97 billion in FDI during the year, or 14.2 per cent of the total and up 5.4 per cent year-on-year. Southern Binh Duong and northern Quang Ninh provinces were second and third, with newly-registered capital of $3.14 billion, up 47.3 per cent, and $2.37 billion, double the figure in 2021, respectively.

The southern city also led in newly-registered projects and capital contributions for share purchases, accounting for 43.9 per cent and 67.6 per cent of the total, respectively.

Vietnam had attracted a total of $27.72 billion in FDI as of December 20, equal to 89 per cent of the figure in the same period last year.

There were 2,036 newly-registered projects with capital of $12.45 billion, up 17.1 per cent and down 18.4 per cent, respectively, while 1,107 existing projects added capital totaling nearly $10.12 billion.

Foreign investors had projects in 54 of Vietnam’s 63 cities and provinces. Of 108 countries and territories with investments, Singapore topped the list with nearly $6.46 billion, or 23.3 per cent of the total, followed by the Republic of Korea with $4.88 billion and Japan with $4.78 billion.

The manufacturing and processing sector continued to lead industries in FDI attraction, with a total of over $16.8 billion, accounting for 60.6 per cent.