Foreign investment increased by nearly 15%

Illustration photo.

Among the 70 countries and territories with newly licensed investment projects in Vietnam in the first 11 months of 2023, Singapore is the largest investor, accounting for 20.2% of the total newly registered capital. Next is Hong Kong (China) accounting for 19.2%; China accounting for 18.7%; Taiwan (China) accounting for 12.5%...

In addition, disbursed foreign direct investment in Vietnam in the first 11 months of 2023 reached 20.25 billion USD, up 2.9% over the same period last year. This is the highest amount of foreign direct investment in 11 months in the past 5 years. This fact shows the confidence of foreign investors in the investment and business environment as well as the future development in Vietnam.

On the other hand, Vietnam's total investment capital abroad (newly granted and adjusted capital) in the past 11 months reached 395 million USD, down 16.7% over the same period last year. Of which, investments focused on the fields of wholesale and retail; repair of automobiles, motorcycles, motorbikes and other motor vehicles; information and communications; production and distribution of electricity and gas... In the 11 months of 2023, there were 26 countries and territories receiving investment capital from Vietnam, including Canada, Singapore, Laos, Cuba...

From the beginning of the year to the end of November, the country's total export turnover was estimated at 322.5 billion USD, down 5.9% compared to the same period last year. Overall, export activities have not shown a clear recovery.

Notably, there were 33 items with export turnover of over 1 billion USD, accounting for 92.9% of total export turnover (there were 7 items with export turnover of over 10 billion USD, accounting for 66.1%).

In terms of trade balance, Vietnam is estimated to have a trade surplus of 25.83 billion USD in goods value.

Source: https://baodienbienphu.com.vn/tin-tuc/kinh-te/211043/von-dau-tu-nuoc-ngoai-tang-gan-15