Nearly 28.85 billion USD in foreign direct investment (FDI) was registered as of November 20, rising 14.8% year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The skyline of HCM City, which attracted over 3.08 billion USD in FDI as of November 20. (Photo: VNA)
Hanoi (VNA) – Nearly 28.85 billion USD in foreign direct investment (FDI)was registered as of November 20, rising 14.8% year on year, reported theForeign Investment Agency (FIA) under the Ministry of Planning and Investment.
FIAsaid on November 27 that foreign investors have invested in 56 provinces andcities during the 11 months of 2023.
Thenorthern province of Quang Ninh remains the biggest destination of FDI withnearly 3.11 billion USD, up 42.3% from the period last year. It is followed by Ho Chi Minh City with over3.08 billion USD, Hai Phong city 2.8 billion USD, Bac Giang province 2.7billion USD, and Hanoi 2.6 billion USD.
HCM City accounts for 10.7% of the total FDI recorded during the first 11 months of this year. (Photo: VNA)
HCMCity, accounting for 10.7% of the total FDI, takes the lead in thenumbers of new projects (38%), those with additional capital (25.3%), and capitalcontributions to or purchases of shares at domestic companies (66.6%),statistics show.
Asof November 20, there were 38,844 valid FDI projects worth almost 462.4 billionUSD in total across Vietnam. Nearly 294.2 billion USD of the projects’registered capital was disbursed, equivalent to 63.6%, according to FIA./.
The northern port city of Hai Phong remained the biggest magnet for foreign direct investment (FDI) inflows in the first 10 months of this year, attracting nearly 3.1 billion USD, up 68% year on year, or equivalent to over 153% of the yearly target, said Chief of the Office of the municipal People’s Committee Nguyen Ngoc Tu.
Hanoi attracted over 2.6 billion US dollars in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period.
Defining industry as the main driving force for development, the northern province of Bac Giang has stepped up promotion to attract foreign direct investment (FDI), including capital from the Republic of Korea (RoK).
As foreign direct investment (FDI) has an important role to play in the economic development of the southern province of Ba Ria – Vung Tau, the locality has paid due regard to attracting high-quality projects to create breakthrough for the local industry which is developing towards modernisation and sustainability.
The northern province of Quang Ninh aims to lure 3 billion USD to economic and industrial zones in 2024, heard at a meeting in the locality on November 22.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The skyline of HCM City, which attracted over 3.08 billion USD in FDI as of November 20. (Photo: VNA) 
HCM City accounts for 10.7% of the total FDI recorded during the first 11 months of this year. (Photo: VNA) 
