FDI attraction in the first two months of 2023

According to the Ministry of Planning and Investment, as of February 20, 2023, the total newly registered capital, adjusted and contributed capital to buy shares, and buy contributed capital of foreign investors reached about 3.1 billion USD, down 38% year-on-year. 

Structure of foreign investment capital in the first 2 months of 2023 compared to the same period in 2022

Of which, there were 261 new foreign-invested projects, valued at 1.76 billion USD, were granted licenses, up 42.6% in number and 2.8 times in value year-on-year; 133 projects registering for capital adjustment, with a total additional capital of 535.4 million USD, down 6.3% in number and 85.1% in value compared to the same period in 2022 and 40 capital contributions and share purchases by foreign investors (up 10% year-on-year) with a value of 797.9 million USD (up 3.7% year-on-year).
Structure of FDI capital by investment sector

Regarding investment sectors, foreign investors had invested in 17 sectors out of 21 national economic sectors; of which, the processing and manufacturing industry continued to lead with a total investment capital of more than 2.1 billion USD, accounting for 70.1% of total registered investment capital. Real estate came next with a total investment of 396.9 million USD, accounting for 4.9% of the total. Followed by wholesale and retail with over 202.1 million USD, and logistics with 141.9 million USD.

10 provinces attracting the most FDI in the country in February 2022

Regarding investment locations, the foreign investors had invested in 39 provinces and cities nationwide in February 2023. Bac Giang led the way with 824.3 million USD, making up 26.6% of the total and rising 8.4 times over the same period in 2022. Ho Chi Minh City ranked second with 103 new projects with a total registered capital of 369.1 million USD, making up 11.9% of the total. Next were Binh Duong, Quang Ninh, Dong Nai, Hai Phong, Bac Ninh, Ba Ria – Vung Tau, Hung Yen, Tay Ninh,... Notably, if in January 2023, Quang Ninh ranked only 13/53 in terms of FDI attraction, by February 2023, Quang Ninh had jumped 9 places, surpassing Bac Ninh and Dong Nai to reach the top 4 provinces and cities attracting the highest FDI in the country. The reason is that, within a month, Quang Ninh has 2 more newly registered projects, bringing the total newly granted capital from 12.84 million USD in January 2023 to 331.84 million USD in February 2023. Since then, the total newly registered capital, adjusted and contributed capital to buy shares, and buy capital contributions (GVMCP) of foreign investors reached about 332.2 million USD as of February 20, 2023.
Vietnam maps showing administrative units, sources of critical raw materials and industrial zones locations.