Vietnam's Top 10 Localities for Foreign Investment
According to data from the Foreign Investment Agency (Ministry of Planning and Investment), by the end of 2023, Vietnam attracted 39,140 foreign direct investment (FDI) projects, with a total registered capital of 468,917 billion USD.
Among them, the 10 localities attracting the most FDI include Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Ba Ria–Vung Tau, Hai Phong, Bac Ninh, Thanh Hoa, Long An, and Quang Ninh.
|Leading the top 10 is Ho Chi Minh City with 12,398 projects, with a total registered capital of 57.632 billion USD. Photo: International Finance Magazine
Leading the top 10 is Ho Chi Minh City with 12,398 projects, with a total registered capital of 57.632 billion USD, accounting for 31.67% of FDI projects in the country and nearly 13% of the total registered capital.
Second is Hanoi with 7,363 projects and a total registered capital of 41.170 billion USD, accounting for 18.8% of the projects and 8.77% of the total FDI capital registered to invest in Vietnam.
Third is Binh Duong with 4,217 projects and 40.4 billion USD, accounting for 10.7% of the projects and 8.6% of the total FDI capital registered in Vietnam.
In 2023, Vietnam attracted 36.6 billion USD of foreign capital, of which the leading localities are Ho Chi Minh City, Hai Phong, Quang Ninh, Bac Giang, Thai Binh, Hanoi, Bac Ninh, Nghe An, Binh Duong, and Dong Nai. HCMC continues to be the leading locality with a total registered capital of 5.85 billion USD, accounting for nearly 16% of total FDI capital invested in Vietnam during the year.
The top 10 localities attracting the lowest FDI in Vietnam include Lai Chau, Dien Bien, Ha Giang, Cao Bang, Bac Kan, Gia Lai, Son La, Ca Mau, Tuyen Quang, and Dong Thap. According to the Foreign Investment Department (Ministry of Planning and Investment), the two provinces of Lai Chau and Dien Bien only attracted 1 FDI project, with a very small total registered capital.
According to the assessment of the Ministry of Planning and Investment, recent FDI capital flows focus on provinces and cities that have advantages in attracting investment, such as favorable infrastructure, stable human resources, and dynamism in investment promotion.
According to experts, this also limits overall flows. For FDI capital to spread to other localities, Vietnam needs to focus on improving infrastructure and the quality of human resources in provinces and cities that are still underdeveloped.
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