According to Foreign Investment Department, as of October 20, 2022, Vietnam licensed 1,570 new foreign direct investment (FDI) projects with a total registered capital of nearly 9.93 billion dollars, up 14.2 in quantity but down 23.7 percent in capital year on year. Meanwhile, adjusted capital and contributed capital to buy shares of foreign investors continued to increase. There were 880 projects registering to adjust their investment capital (a year-on-year increase of 13.4%) with total additional registered capital reaching over 8.74 billion USD (a year-on-year increase of 23.3%). Besides, there were 2,997 capital contributions and share purchases by foreign investors (a year-on-year decrease of 2.2%), with the total value of contributed capital reaching 3.79 billion USD (a year-on-year increase 4.5%).

Regarding investment counterparts, there were 103 countries and territories invested in Vietnam in the first ten months of this year. Singapore remained Vietnam’s leading source of foreign investment with above 5.34 billion USD, making up 23.8% of the total FDI registered in the country (a year-on-year decline of 21.1%). Japan ranked second with over 4.19 billion USD, accounting for 18.7% (a year-on-year decrease of 23.8%). 

The Republic of Korea ranked third with a total registered investment capital more than of 3.9 billion USD, accounting for 17.4%. Korea is also the partner with the most interested investors and makes new investment decisions as well as expanding investment projects and purchase capital contributions (GVMCP). In the first 10 months of the year, Korea had 324 new projects, accounting for 20.6% of new projects; 303 projects were adjusted, accounting for 34.4% and there were more than 1,000 turns of GVMCP, accounting for 34.6% of the total number of GVMCP.

In 4th and 5th place were mainland China and Hong Kong (China) with a total registered capital of 1.71 billion USD and 1.36 billion USD respectively. In addition, Denmark, Taiwan (China), the United States, the Netherlands, and the British Virgin Islands were all among the top 10 largest foreign investors in Vietnam in the first 10 months of the year.