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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 ProjectsRegistered Capital ($USm)
CountryNov’YTDNov’YTD
Singapore40248432.115,776.40
Japan17183412.764,603.81
Republic of Korea51375217.604,124.67
China36248540.362,247.35
Hong Kong17120576.301,938.55
Denmark07-2.001,319.45
Taiwan1275377.881,247.18
United States of America67810.32713
Netherlands0297.13694.99
BritishVirginIslands323102.73510.84
Thailand434-72.38184.86
Samoa3174.8239.71
Cayman Islands010.01220.38
Bermuda020180.28
Malaysia6377.33184.8
France1221.25145.34
United Kingdom6477.36133.21
Seychelles0151.1399.64
Germany2293.34383.278
Australia3343.3968.36
Canada3135.1656.66
Luxembourg13-2.6541.22
Indonesia03031.11
India6390.8630.69
Brunei Darussalam010.0128.55
Poland030.0322.58
Cambodia01017.94
Spain05016.16
Russia2120.7416
Sweden163043.75
Philippines030.1413.86
Marshall Islands171.213.97
Italy190.1511.42
Switzerland2150.3310.99
Nigeria110.7110.43
Mauritius0206.55
United States Virgin Islands0004.77
Hungary232.075.56
Austria160.12.87
Ireland060.042.53
Laos0002.09
Ukraine0001.68
Pakistan010.211.82
New Zealand351.523.03
Belize0001.41
Finland0201.27
Belgium0101.24
Czech Republic120.021.15
Sri Lanka010.141.16
Yemen000.091.09
Saint Kitts and Nevis0000.91
Cuba0000.9
Cyprus0200.86
Israel010.010.76
South Africa130.10.82
Côte d’Ivoire0000.69
United Arab Emirates120.020.68
Bangladesh010.060.63
Egypt0100.57
Turkey130.150.71
Kazakhstan0000.55
Saint Vincent and the Grenadines0000.45
Afghanistan11-0.410.02
Bahamas0000.42
Vanuatu0000.36
Syrian Arab Republic0000.32
Norway0100.31
Sudan0000.3
Burkina Faso0000.28
Guinea0000.27
Rumani0100.26
Dominica0000.24
Lebanon0200.22
Greece0100.22
Iran (Islamic Republic of)120.020.2
Grenada0100.15
Portugal0000.142
Algeria000.0510.19
Antigua and Barbuda0000.135
Libya0100.132
Colombia0000.13
Venezuela0100.123
Myanmar0200.11
Ethiopia0000.106
Malta0100.1
Chile0000.087
Latvia0000.087
Belarus0000.068
Uganda0100.05
Albania0000.048
Jordan0100.044
Armenia120.2270.27
Kyrgyzstan0000.034
Tunisia0000.033
Bulgaria120.060.08
Iceland0000.01
Nepal0000.01
Djibouti0000.009
Estonia0000.007
Republic of Moldova0100.005
Cameroon0100.005
Isle of Man0000.004
Slovenia0000.004
Macao000.210.21
Lithuania110.0840.084
Brazil110.0290.029
Argentina110.010.01
Total24218122,674.0525,135.24

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 ProjectsRegistered Capital ($US)
SectorNov’YTDNov’YTD
Manufacturing and processing554442,046.8514,964.31
Real estate activities667316.084,188.78
Production, electricity, gas, steam and air conditioning supply09-28.262,259.45
Professional, scientific and technical activities3729999.051027.14
Wholesale and retail; repair of motor vehicles and motorcycles7254264.23917.4
Information and communication3222116.18607.44
Transportation and storage136968.63432.56
Education and training103112.46251.2
Construction4303.19231.53
Agriculture, forestry and fishery0100.0264.6
Administrative and support service activities104810.3555.12
Financial, banking and insurance activities061.2526.37
Mining and quarrying01019.06
Water supply, sewerage, waste management and remediation activities0344.8661.71
Public health and social work activities01010.74
Other service activities020.175.92
Arts, entertainment and recreation012.133.85
Accommodation and food service activities3289.340.55
Total24218122,674.0525,135.24

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 ProjectsRegistered Capital ($USm)
ProvinceNov’YTDNov’YTD
Ho Chi Minh City114807115.723,539.74
Binh Duong664177.003,031.35
Quang Ninh090.002,185.55
Bac Ninh22120143.512,046.12
Thai Nguyen05293.191,827.81
Hai Phong1280228.561,537.62
Hanoi37323236.731,519.26
Dong Nai74393.961,212.16
Bac Giang733124.761,074.67
Long An754127.38801.55
Nghe An216275.35883.04
Hung Yen216141.39731.84
Ba Ria 0 Vung Tau2166.67485.59
Phu Tho27226.5691.27
Ha Nam41756.65476.61
Tay Ninh216252.21607.82
Hai Duong1149.25340.83
Ha Tinh010276.13
Binh Phuoc13431.8248.05
Thua Thien hue150.1197.42
Can Tho150.01183.86
Da Nang3422.49133.36
Thai Binh1728.1157.87
Vinh Phuc1233.5119.25
Soc Trang021.896.38
Ninh Thuan01087.43
Quang Ngai03080.92
Thanh Hoa2724.4197.51
Ninh Binh05067.37
Nam Dinh167.9657.8
Tien Giang09048.72
Vinh Long24111.03159.25
Quang Nam1539.3479.25
Binh Dinh011.5230.38
Binh Thuan02024.79
An Giang021.524.64
Bac Lieu01-79.3-60.95
Yen Bai0309.7
Khanh Hoa010.688.68
Lam Dong00-13.07-6.36
Dak Lak000.185.18
Tra Vinh0103.03
Ben Tre111.082.86
Kien Giang000.282.03
Lang Son0001.72
Hoa Binh0001.23
Tuyen Quang0000.86
Dak Nong0000.62
Kon Tum0000.57
Quang Tri0000.47
Hau Giang010.080.29
Ca Mau0000.14
Phu Yen001.691.83
Gia Lai0000.11
Total24218122,674.0525,135.24

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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