Hanoi tops country in FDI attraction in first eight months

11:24 | 02/09/2023 FDI Follow Ven.vn on

Hanoi got over 2.34 billion USD of foreign direct investment (FDI) in the first eight months of this year, topping the whole country in FDI attraction during the period.

The figure is up 2.89 times against last year.

Hai Phong came second with over 2.08 billion USD, increasing by 72.2%, followed by Ho Chi Minh City, Bac Giang, and Binh Duong.

Hanoi tops country in FDI attraction in first eight months

Hanoi tops the whole country in FDI attraction in the first eight months of this year - Photo: VNA

Meanwhile, the capital city attracted nearly 2.3 billion USD of FDI in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam lured close to 18.15 billion USD in FDI from the beginning of this year to August 20, up 8.2% year-on-year.

In the period, there were 1,924 newly registered projects with a combined capital of 8.87 billion USD, up 69.5% and 38.6% compared to the same period last year, respectively.

Meanwhile, over 4.53 billion USD was added to 830 existing projects, down 39.7% and up 22.8% year-on-year, respectively.

Regarding investment partners, in the first eight months of this year, 100 countries and territories have invested in Vietnam. Among them, Singapore is leading with a total investment of more than 3.8 billion USD, accounting for more than 21.2% of total investment capital in Vietnam, down 15.4% from the same period in 2022.

China ranked second as Chinese investors poured nearly 2.69 billion USD into Vietnam, accounting for 14.8% of total investment capital.

The implemented capital of foreign investment projects also saw an increase compared to the same period in 2022. As of August 20, 2023, it is estimated that foreign investment projects had disbursed about 13.1 billion USD, an increase of 1.3% over the same period in 2022 and 0.5 percentage points compared to the first seven months of the year.

Source: VNA

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