Vietnam FDI for 2022 Tops US$25 billion: MoIP

26/12/2022

Vietnam’s Ministry of Planning and Investment has released its November 2022 report on foreign direct investment (FDI) for the first 11 months of the year. Here’s how Vietnam’s FDI sector is faring.

November was a relatively good month for Vietnam in terms of newly registered capital for FDI enterprises. In total registration certificates for 242 new projects were approved and Vietnam received US$2.7 billion in newly registered capital.

This brings the current FDI tally, year-to-date (YTD), to just over US$25 billion.

But where is all of Vietnam’s FDI coming from and where is it going?

Where did Vietnam’s FDI come from in November?

Hong Kong saw the biggest increase in registered capital in FDI projects, in Vietnam, in November. It registered US$576 million in capital and 17 new projects in Vietnam. It was followed closely by China, Singapore, and Japan.

FDI by source country

	New Projects	Registered Capital ($USm)
Country	Nov’	YTD	Nov’	YTD
Singapore	40	248	432.11	5,776.40
Japan	17	183	412.76	4,603.81
Republic of Korea	51	375	217.60	4,124.67
China	36	248	540.36	2,247.35
Hong Kong	17	120	576.30	1,938.55
Denmark	0	7	-2.00	1,319.45
Taiwan	12	75	377.88	1,247.18
United States of America	6	78	10.32	713
Netherlands	0	29	7.13	694.99
BritishVirginIslands	3	23	102.73	510.84
Thailand	4	34	-72.38	184.86
Samoa	3	17	4.8	239.71
Cayman Islands	0	1	0.01	220.38
Bermuda	0	2	0	180.28
Malaysia	6	37	7.33	184.8
France	1	22	1.25	145.34
United Kingdom	6	47	7.36	133.21
Seychelles	0	15	1.13	99.64
Germany	2	29	3.343	83.278
Australia	3	34	3.39	68.36
Canada	3	13	5.16	56.66
Luxembourg	1	3	-2.65	41.22
Indonesia	0	3	0	31.11
India	6	39	0.86	30.69
Brunei Darussalam	0	1	0.01	28.55
Poland	0	3	0.03	22.58
Cambodia	0	1	0	17.94
Spain	0	5	0	16.16
Russia	2	12	0.74	16
Sweden	1	6	30	43.75
Philippines	0	3	0.14	13.86
Marshall Islands	1	7	1.2	13.97
Italy	1	9	0.15	11.42
Switzerland	2	15	0.33	10.99
Nigeria	1	1	0.71	10.43
Mauritius	0	2	0	6.55
United States Virgin Islands	0	0	0	4.77
Hungary	2	3	2.07	5.56
Austria	1	6	0.1	2.87
Ireland	0	6	0.04	2.53
Laos	0	0	0	2.09
Ukraine	0	0	0	1.68
Pakistan	0	1	0.21	1.82
New Zealand	3	5	1.52	3.03
Belize	0	0	0	1.41
Finland	0	2	0	1.27
Belgium	0	1	0	1.24
Czech Republic	1	2	0.02	1.15
Sri Lanka	0	1	0.14	1.16
Yemen	0	0	0.09	1.09
Saint Kitts and Nevis	0	0	0	0.91
Cuba	0	0	0	0.9
Cyprus	0	2	0	0.86
Israel	0	1	0.01	0.76
South Africa	1	3	0.1	0.82
Côte d’Ivoire	0	0	0	0.69
United Arab Emirates	1	2	0.02	0.68
Bangladesh	0	1	0.06	0.63
Egypt	0	1	0	0.57
Turkey	1	3	0.15	0.71
Kazakhstan	0	0	0	0.55
Saint Vincent and the Grenadines	0	0	0	0.45
Afghanistan	1	1	-0.41	0.02
Bahamas	0	0	0	0.42
Vanuatu	0	0	0	0.36
Syrian Arab Republic	0	0	0	0.32
Norway	0	1	0	0.31
Sudan	0	0	0	0.3
Burkina Faso	0	0	0	0.28
Guinea	0	0	0	0.27
Rumani	0	1	0	0.26
Dominica	0	0	0	0.24
Lebanon	0	2	0	0.22
Greece	0	1	0	0.22
Iran (Islamic Republic of)	1	2	0.02	0.2
Grenada	0	1	0	0.15
Portugal	0	0	0	0.142
Algeria	0	0	0.051	0.19
Antigua and Barbuda	0	0	0	0.135
Libya	0	1	0	0.132
Colombia	0	0	0	0.13
Venezuela	0	1	0	0.123
Myanmar	0	2	0	0.11
Ethiopia	0	0	0	0.106
Malta	0	1	0	0.1
Chile	0	0	0	0.087
Latvia	0	0	0	0.087
Belarus	0	0	0	0.068
Uganda	0	1	0	0.05
Albania	0	0	0	0.048
Jordan	0	1	0	0.044
Armenia	1	2	0.227	0.27
Kyrgyzstan	0	0	0	0.034
Tunisia	0	0	0	0.033
Bulgaria	1	2	0.06	0.08
Iceland	0	0	0	0.01
Nepal	0	0	0	0.01
Djibouti	0	0	0	0.009
Estonia	0	0	0	0.007
Republic of Moldova	0	1	0	0.005
Cameroon	0	1	0	0.005
Isle of Man	0	0	0	0.004
Slovenia	0	0	0	0.004
Macao	0	0	0.21	0.21
Lithuania	1	1	0.084	0.084
Brazil	1	1	0.029	0.029
Argentina	1	1	0.01	0.01
Total	242	1812	2,674.05	25,135.24

Which sectors in Vietnam received FDI in November?

By far the biggest winner in attracting FDI in Vietnam, in November, was the manufacturing and processing sector. It counted 55 new projects and new registered capital of US$2 billion. That said, the “wholesale and retail; repair of motor vehicles and motorcycles” sector saw the most new projects with a total of 72.

FDI by sector

	New Projects	Registered Capital ($US)
Sector	Nov’	YTD	Nov’	YTD
Manufacturing and processing	55	444	2,046.85	14,964.31
Real estate activities	6	67	316.08	4,188.78
Production, electricity, gas, steam and air conditioning supply	0	9	-28.26	2,259.45
Professional, scientific and technical activities	37	299	99.05	1027.14
Wholesale and retail; repair of motor vehicles and motorcycles	72	542	64.23	917.4
Information and communication	32	221	16.18	607.44
Transportation and storage	13	69	68.63	432.56
Education and training	10	31	12.46	251.2
Construction	4	30	3.19	231.53
Agriculture, forestry and fishery	0	10	0.02	64.6
Administrative and support service activities	10	48	10.35	55.12
Financial, banking and insurance activities	0	6	1.25	26.37
Mining and quarrying	0	1	0	19.06
Water supply, sewerage, waste management and remediation activities	0	3	44.86	61.71
Public health and social work activities	0	1	0	10.74
Other service activities	0	2	0.17	5.92
Arts, entertainment and recreation	0	1	2.13	3.85
Accommodation and food service activities	3	28	9.34	0.55
Total	242	1812	2,674.05	25,135.24

Which provinces received FDI in November and how much did they receive?

Thai Nguyen received the most new registered capital in November with an additional US$293 million registered to existing projects. However, it registered no new projects. HCMC on the other hand registered the most new projects with 114 accounting along with $US115 million in new registered capital.

FDI by province

	New Projects	Registered Capital ($USm)
Province	Nov’	YTD	Nov’	YTD
Ho Chi Minh City	114	807	115.72	3,539.74
Binh Duong	6	64	177.00	3,031.35
Quang Ninh	0	9	0.00	2,185.55
Bac Ninh	22	120	143.51	2,046.12
Thai Nguyen	0	5	293.19	1,827.81
Hai Phong	12	80	228.56	1,537.62
Hanoi	37	323	236.73	1,519.26
Dong Nai	7	43	93.96	1,212.16
Bac Giang	7	33	124.76	1,074.67
Long An	7	54	127.38	801.55
Nghe An	2	16	275.35	883.04
Hung Yen	2	16	141.39	731.84
Ba Ria 0 Vung Tau	2	16	6.67	485.59
Phu Tho	2	7	226.5	691.27
Ha Nam	4	17	56.65	476.61
Tay Ninh	2	16	252.21	607.82
Hai Duong	1	14	9.25	340.83
Ha Tinh	0	1	0	276.13
Binh Phuoc	1	34	31.8	248.05
Thua Thien hue	1	5	0.1	197.42
Can Tho	1	5	0.01	183.86
Da Nang	3	42	2.49	133.36
Thai Binh	1	7	28.1	157.87
Vinh Phuc	1	23	3.5	119.25
Soc Trang	0	2	1.8	96.38
Ninh Thuan	0	1	0	87.43
Quang Ngai	0	3	0	80.92
Thanh Hoa	2	7	24.41	97.51
Ninh Binh	0	5	0	67.37
Nam Dinh	1	6	7.96	57.8
Tien Giang	0	9	0	48.72
Vinh Long	2	4	111.03	159.25
Quang Nam	1	5	39.34	79.25
Binh Dinh	0	1	1.52	30.38
Binh Thuan	0	2	0	24.79
An Giang	0	2	1.5	24.64
Bac Lieu	0	1	-79.3	-60.95
Yen Bai	0	3	0	9.7
Khanh Hoa	0	1	0.68	8.68
Lam Dong	0	0	-13.07	-6.36
Dak Lak	0	0	0.18	5.18
Tra Vinh	0	1	0	3.03
Ben Tre	1	1	1.08	2.86
Kien Giang	0	0	0.28	2.03
Lang Son	0	0	0	1.72
Hoa Binh	0	0	0	1.23
Tuyen Quang	0	0	0	0.86
Dak Nong	0	0	0	0.62
Kon Tum	0	0	0	0.57
Quang Tri	0	0	0	0.47
Hau Giang	0	1	0.08	0.29
Ca Mau	0	0	0	0.14
Phu Yen	0	0	1.69	1.83
Gia Lai	0	0	0	0.11
Total	242	1812	2,674.05	25,135.24

FDI statistics in Vietnam

Vietnam’s Ministry of Planning and Investment releases FDI statistics at the end of each month. This tracks the countries that are investing in Vietnam as well as the total number of projects, and the dollar-value of those investments.

Source: vietnam-briefing.com

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