Revealing Vietnam's brightest 'stars' in attracting FDI capital

Quang Ninh still leads the country in attracting foreign direct investment, followed by Ho Chi Minh City, Hai Phong, Bac Giang, and Hanoi. In 11 months, Vietnam has attracted nearly 29 billion USD in foreign direct investment, an increase of 14.8% over the same period last year.

Data from the Foreign Investment Agency - Ministry of Planning and Investment shows that in 11 months, Vietnam has attracted nearly 29 billion USD in foreign direct investment (FDI), an increase of 14.8% compared to the previous year. same period last year. Implemented investment capital reached more than 20 billion USD, the highest in the period 2018-2023.

Quang Ninh leads the country in attracting FDI capital with 3.1 billion USD.

Foreign investors have invested in 18/21 national economic sectors, pouring capital into 56 provinces and cities across the country. Of which, Quang Ninh still leads the country in attracting FDI, with a total investment capital registered nearly 3.11 billion USD, accounting for nearly 10.8% of total registered investment capital, an increase of 42.3% over the same period in 2022.

Ho Chi Minh City ranked second with a total registered investment capital of more than 3.08 billion USD, accounting for 10.7% of the total investment capital of the country, down 12.9% over the same period. Next are Hai Phong, Bac Giang, Hanoi, with total registered investment capital of 2.8 billion USD, 2.7 billion USD and 2.6 billion USD respectively.

"The number of new investment projects increased by 58.1% over the same period, focusing heavily on provinces and cities with many advantages in attracting FDI including good infrastructure, stable human resources, and efforts to improve the quality of investment. administrative procedures and dynamism in investment promotion... such as Ho Chi Minh City, Hanoi, Bac Ninh, Binh Duong. These 4 localities alone account for 67.4% of the country's new projects in 11 month", the Foreign Investment Department commented.

In terms of investment partners, in 11 months there were 110 countries and territories investing in Vietnam. Of which, Singapore leads with a total investment capital of nearly 5.15 billion USD, accounting for more than 17.8% of total investment capital in Vietnam, down 10.9% over the same period in 2022. Hong Kong (China) ranks 2nd with more than 4.33 billion USD, accounting for 15% of total investment capital, more than 2.2 times higher than the same period.

Korea ranked third with a total registered investment capital of more than 4.17 billion USD, accounting for nearly 14.5% of total investment capital, a slight increase of 1.2% over the same period. China ranked 4th with 3.96 billion USD, and 5th place was Japan, 3.1 billion USD.

With the joint efforts of the two countries, Japan's total FDI capital into Vietnam since the reform period has always remained in the group of leading countries. Specifically, the total accumulated valid investment capital by the end of 2022 is nearly 69.2 billion USD, ranking third after South Korea and Singapore.

Recently, within the framework of the program "Inno Vietnam - Japan Fast Track Pitch 2023 ", Minister of Planning and Investment Nguyen Chi Dung and Japanese Minister of Economy, Trade and Industry (METI) Nishimura Yasutoshi announced Conduct bilateral talks.

Minister Nguyen Chi Dung emphasized: "The Ministry of Planning and Investment commits to always accompany and provide maximum support to the Japanese side and suggests that Japan continue to research investment cooperation with Vietnam, focusing on Focus industries such as: Semiconductor chips, renewable energy, high-tech agriculture, smart factories, digital transformation, along with investment in the international financial center",

Mr. Nishimura Yasutoshi, Minister of Economy, Trade and Industry of Japan, said that 2023 marks the 50th anniversary of establishing diplomatic relations between the Socialist Republic of Vietnam and Japan. Over the past 50 years, Japanese businesses have expanded their business development in Vietnam. The membership of the Japan Association of Commerce and Industry has increased to 2,000 and businesses cover a wide range of activities from electrical manufacturing, electronics, automobiles to retail, information technology. trust and energy.

According to Mr. Nishimura Yasutoshi, in response to those achievements, Japan will commit to supporting a number of innovation projects in Vietnam, especially in the two areas of digital transformation and green development. “We have also prepared a budget of about 25,000 billion VND for developing countries. ASEAN and Japan, including Vietnam, join hands for sustainable socio-economic development," said Mr. Nishimura Yasutoshi .

According to tienphong.vn