Part of Thang Long Industrial Park in Hanoi. Photo by Read/Giang Huy
Some US$23.6 billion worth of foreign direct investment was disbursed in Vietnam in the first 11 months of this year, a record high for the 2021–2025 period.
This marked an 8.9% increase from a year ago, the National Statistics Office said on Saturday.
The processing and manufacturing sector accounted for $19.56 billion, or 82.9%, of the funds disbursed during the period.
Disbursement progress continued to accelerate, reflecting Vietnam’s improved capacity to absorb capital and foreign enterprises’ commitment to project implementation, the office said.
FDI inflows into Vietnam also maintained strong growth momentum during the period, it noted.
Total registered foreign investment in the period reached $33.69 billion, a 7.4% gain from a year earlier.
Of this, newly registered capital exceeded $15.95 billion, down 8.2% year-on-year due to the lack of large-scale projects. A total of 3,695 new projects were licensed, up 21.7% year-on-year.
While new projects saw a decline in size, they soared in number, indicating robust interest from small- and medium-sized foreign investors, according to the Ministry of Finance.
Capital poured into existing projects increased by 17% to nearly $11.62 billion in January-November, while capital contributions and share purchases surged 50.7% to almost $6.12 billion.
FDI channeled into the processing and manufacturing industry reached $16.52 billion, accounting for 59.9% of the total inflow. Real estate attracted $5.72 billion (20.7%) while other sectors drew $5.34 billion (19.4%).
Statistics also show that among the 88 countries and territories with newly licensed projects in Vietnam during the period, Singapore was the largest investor with $4.29 billion (26.9% of the total), followed by China with $3.4 billion (21.3%), Hong Kong with $1.66 billion (10.4%), Japan with $1.56 billion (9.8%) and Sweden with $1 billion (6.3%).
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