Vietnam’s New FDI in July Tops US$2.8 Billion

August 10, 2023 Posted by Vietnam Briefing Written by Mark Barnes Reading Time: 78 minutes

Vietnam’s Ministry of Planning and Investment has released its July 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

Registered capital from foreign direct investment in Vietnam was just over US$2.8 billion in July bringing the total for the year to just over US$16.2 billion.

In total, 334 new foreign-invested projects kicked off in Vietnam in July.

So, in July, where did Vietnam’s FDI come from? And where did it go?

Webinar – Navigating Global Minimum Tax in Asia: Insights for Businesses

Thursday, November 16, 2023 | 9:00 AM San Francisco / 12:00 PM New York / 6:00 PM Brussels / 1:00 AM (Nov. 17th) Beijing

Partner Kyle Freeman will introduce how key Asian economies are implementing the new changes, how companies are going to be impacted, and what businesses should be doing now.

Join us in this free webinar: Register Now

Note: Data contained herein is to July 20, 2023.

Where did Vietnam’s FDI come from in July?

In July, Korea took out first place with respect to the dollar value of their foreign direct investments in Vietnam. Firms from Korea invested US$1.1 billion and started 52 new projects. Korea was followed by Singapore, with US$639 million worth of investments, and then China with US$382 million.

FDI in Vietnam by country, newly registered capital (NRC) in July

NP = New Projects

	February		March		April		May		June		July		2023 Totals
Country	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Republic of Korea	15	75.06	40	251	40	101	46	92	56	552.77	52	1,120	275	2,339
Singapore	16	164.50	38	708	29	509	24	339	35	465.8	42	639	205	3,639
China	16	76.10	32	210	40	200	39	857	77	345.46	92	382	325	2,335
Japan	10	104.21	40	174	22	1,647	23	106	27	135.96	30	126.78	165	2,334.80
Hong Kong (China)	8	47.77	21	348	23	134	18	68	31	287.41	28	114.78	142	1,056.14
Taiwan (China)	5	267.90	19	70	17	117	14	185	20	115.99	17	93	101	988.55
Samoa	0	6.70	4	214	4	44	1	19	4	15.79	2	74	16	408
United States of America	2	3.25	12	43	11	217	10	103	11	29.71	8	45	60	450
Sweden	1	154.00	1	0	1	1	1	0	0	2.96	1	42	6	210
India	2	1.89	6	1	3	2	1	10	7	11.37	9	33	31	61
Netherlands	1	363.15	5	8	2	191	2	34	1	0.05	4	26	16	628.3
Australia	3	8.91	2	1	2	3	4	6	4	1.52	3	23	19	44
Germany	2	0.19	1	0	2	14	0	1	11	160.78	3	21	21	197
Canada	1	0.28	1	3	1	1	1	0	2	0.58	4	19	10	25
United Kingdom	1	0.08	4	7	4	-2	5	5	8	23.33	5	11	28	45
Thailand	1	15.12	2	7	2	3	3	55	3	294.78	4	10	20	394.95
Seychelles	0	0.00	3	29	3	21	0	0	2	30.24	2	7	12	104
Malaysia	0	1.69	4	2	3	3	3	0	7	5.43	5	4	25	16
United States Virgin Islands	0	0.00	0	0	0	0	0	0	0	0	1	4	1	4
Switzerland	1	0.10	2	0	4	3	0	3	2	0.25	1	3	11	20.19
Spain	0	0.00	0	0	0	0	0	0	1	0.02	1	1.71	3	1.82
Austria	0	0.00	0	0	0	0	0	0	0	0	1	2	1	1.6
Nigeria	0	1.59	0	1	0	2	0	2	0	1.59	0	2	0	10
France	1	13.66	6	16	1	10	1	1	2	4.34	2	1	15	56
Denmark	3	0.29	0	0	1	163	1	0	4	2.35	1	1	10	167.12
Turkey	0	0.01	0	182	0	0	0	0	0	0.05	2	1	2	183
Cambodia	0	0.00	0	0	0	1	0	0	1	0.43	1	1	2	3
Pakistan	0	0.00	0	0	1	1	0	0	1	1.78	1	1	3	4
Philippines	0	0.05	0	0	0	0	0	0	1	0.87	0	1	4	4
Slovenia	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
New Zealand	0	0.26	0	0	1	0	0	0	0	0.5	0	0	1	1
Lebanon	0	0.00	0	0	0	0	0	0	1	0.13	0	0	1	1
BritishVirginIslands	4	3.40	4	38	2	13	0	2	3	25.34	2	0	16	95.88
Afghanistan	0	0.00	0	0	0	0	0	0	0	-0.05	0	0	0	0
Belarus	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Italy	0	0.17	1	21	1	10	4	10	2	0	-9	0	9	70
Indonesia	2	0.07	0	0	2	4	0	0	0	0.09	4	0	10	4.73
Congo	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Cook Islands	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Costa Rica	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Latvia	0	0.00	0	0	0	0	1	0	0	0	0	0	1	0.36
Russia	4	2.75	2	6	1	1	2	0	2	0.95	2	0	15	11
Cuba	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Bangladesh	1	0.25	0	0	0	0	1	1	0	0.25	0	0	2	1.57
Belgium	2	0.09	1	0	0	0	1	0	0	0.02	1	0	5	1
Cayman Islands	1	97.73	0	2	0	12	1	63	0	14.62	1	0	3	191
Yemen	0	0.00	0	0	0	0	0	0	0	0.17	0	0	0	0
United Arab Emirates	1	0.02	2	0	0	0	1	0	0	0	1	0	6	1
Lithuania	0	0.02	0	0	0	0	0	0	0	0	1	0	1	0
Myanmar	0	0.00	1	0	0	0	0	0	0	0	0	0	1	0.06
Ukraine	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0.73
Finland	0	0.00	0	0	0	0	0	0	0	0	0	0	0	1
Isle of Man	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Island of Nevis	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Albania	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Algeria	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Andorra	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Angola	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Anguilla	0	0.00	0	0	0	0	0	2	0	0	0	0	0	2
Antigua and Barbuda	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Argentina	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Armenia	0	0.00	0	0	0	0	0	0	0	0.15	0	0	0	0
Bahamas	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Barbados	0	0.00	1	5	0	0	0	0	0	0	0	0	1	5
Belize	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Bermuda	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Brazil	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
British Isles	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
British West Indies	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Brunei Darussalam	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Bulgaria	0	0.00	0	0	0	0	0	0	0	0.26	0	0	0	0
Cameroon	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Channel Islands	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Chile	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Colombia	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0.17
Cyprus	0	0.00	1	0	0	0	0	0	0	0	0	–	1	0
Czech Republic	1	0.00	0	0	0	0	0	0	0	0	0	0.00	1	0.00
DPRK	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Djibouti	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Dominica	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Ecuador	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
El Salvador	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Estonia	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Ethiopia	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Georgia	0	-0.04	0	0	0	0	0	0	0	0	0	0	0	0
Ghana	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0.01
Greece	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0.11
Grenada	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Guam	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Guatemala	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Guernsey	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Guinea	0	0.55	0	0	0	0	0	0	0	0	0	0	0	1
Honduras	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Hungary	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0.01
Iceland	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Iran (Islamic Republic of)	0	0.00	0	0	1	1	0	0	0	0.17	0	0	1	1
Iraq	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Ivory Coast	0	0.15	0	0	0	0	0	0	0	0	1	0	0	0.15
Jordan	0	0.00	0	0	0	0	0	0	0	0.17	0	0	0	0
Kazakhstan	0	0.00	0	0	0	0	0	0	0	0	0	0	1	0.18
Kenya	0	0.00	0	0	0	0	0	10	0	0	0	0	0	10
Kuwait	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Laos	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Lesotho	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Libya	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Luxembourg	0	0.00	0	1	0	0	1	0	0	0.74	0	0	1	2
Macao	0	0.00	0	0	0	0	0	0	0	27.94	0	0	0	27.94
Maldives	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Mali	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Malta	1	0.01	0	0	0	0	0	0	0	0	0	0	1	0
Marshall Islands	0	0.00	0	0	1	3	0	0	2	12	0	0	3	15
Mauritius	0	0.00	1	0	0	0	0	0	0	0	0	0	1	0
Mexico	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Monaco	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Mongolia	0	0.00	0	0	1	0	0	0	0	0	0	0	1	0
Morocco	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Oman	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Palestine	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Panama	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Poland	0	0.00	1	0	0	0	0	0	0	0	0	0	1	0
Portugal	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Qatar	0	0.00	0	0	0	0	0	0	0	0	0	0		0
Republic of Moldova	0	0.00	1	0	-1	0	0	0	0	0	0	0	0	0
Rumani	0	0.00	0	0	1	0	0	0	0	0	0	0	1	0
Saint Kitts and Nevis	0	0.00	0	0	0	0	0	0	1	0.02	0	0	1	0
Saint Vincent and the Grenadines	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Serbia	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Sierra Leone	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Slovakia	0	0.00	0	0	2	0	0	0	0	0	0	0	2	0
Sudan	0	0.00	0	0	0	0	0	0	0	0.06	0	0	0	0.06
Swaziland	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Syrian Arab Republic	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Turkmenistan	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Turks & Caicos Islands	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Uganda	0	0.02	0	0	0	0	0	0	0	0	0	0	0	0
Uruguay	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Venezuela	0	0.00	0	0	0	0	0	0	0	0	0	0	0	0
Israel	0	0.08	1	0	0	0	0	0	0	0	-1	0	2	60
Nepal	0	0.01	0	0	0	0	0	0	0	0	0	(0)	0	0
Vanuatu	0	0.00	1	0	0	0	0	0	0	0	0	(0)	1	0
Norway	0	0.00	0	0	0	1	0	0	2	0.32	0	(0)	2	1
Ireland	0	0.00	0	0	0	0	1	0	0	0	1	0	2	-0.08
South Africa	0	0.00	0	0	0	0	0	0	0	0.01	3	(0)	3	0
Saudi Arabia	0	0.60	0	-1	0	0	0	0	0	0	0	-1	0	-1.6
Egypt	1	0.26	0	0	0	0	1	0	0	0.25	-2	-1	0	0
Sri Lanka	1	0.30	0	0	0	0	1	1	0	0.04	-2	-2	0	0
Total	108	1413.20	261	2,348	228	3,432	212	1,978	331	2575.76	499	2,807	1627	16,239

Which sectors in Vietnam received FDI in July?

Manufacturing and processing was the big winner again for foreign direct investment in Vietnam in July. With 127 new projects to the tune of US$2.5 billion. This is inline with a years long trend of manufacturing pulling in foreign investors from all over the world.

FDI in Vietnam by sector, newly registered capital in July

	February		March		April		May		June		July		Total for 2023
Sector	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Manufacturing and processing	25	1454	72	1804	74	1159	60	1508	95	1817	127	2,473	506	10,933.39
Professional, scientific and technical activities	21	16	33	13	38	283	31	127	50	150	44	107	239	737.59
Real estate industry	2	336	9	369	3	206	6	186	8	373	5	82	37	1,612.91
Wholesale and retail; repair of motor vehicles and motorcycles	30	-474	72	73	67	96	63	52	100	92	94	70	461	585.83
Construction	3	8	5	34	2	15	2	4	1	0	5	21	21	145.85
Information and communication	10	3	35	20	21	129	20	6	26	9	31	16	159	209.09
Transportation and storage	3	59	13	9	4	6	12	50	23	6	7	15	69	227.1
Administrative and support service activities	3	2	2	4	4	7	3	1	7	8	6	10	27	31.54
Agriculture, forestry and fishery	1	2	1	-6	0	6	0	1	2	0	2	8	10	16.47
Accommodation and food service activities	4	3	5	5	6	7	8	13	7	25	5	1	39	57.78
Arts, entertainment and recreation	0	1	1	5	0	2	0	0	0	1	1	1	2	9.04
Education and training	6	3	3	2	8	4	6	2	8	3	7	1	40	15.04
Financial, banking and insurance activities	0	0	4	6	0	1500	0	23	2	0	0	0	7	1,534.65
Public health and social work activities	0	0	0	0	0	0	0	0	0	1	0	0		1.97
Water supply, sewerage, waste management and remediation activities	0	0	0	0	0	0	0	0	0	0	0	0		0.017
Production, electricity, gas, steam and air conditioning supply	0	0	6	10	0	11	0	7	2	91	0	0	8	119.36
Mining and quarrying	0	0	0	0	0	0	0	0	0	0	0	0		0.2
Other service activities	0	0	0	0	1	0	1	0	0	0	0	0	2	0.94
Household’s chores employment activities	0	0	0	0	0	0	0	0	0	0	0	0		0
Total	108	1412	261	2350	228	3431	212	1978	331	2576	334	2,806	1,627	16,239

Which provinces received FDI in July and how much did they receive?

In July, Hai Phong took on the most newly registered capital, with US$1.1 billion. It was followed by Quang Ninh with US$257 million and then the stalwart of FDI in Vietnam, HCMC, with US$243 million.

FDI in Vietnam by province, newly registered capital in July

	February		March		April		May		June		July		Total for 2023
Sector	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Hai Phong	3	107	12	270	7	24	7	74	10	351	14	1097	56	2001
Quang Ninh	2	319	1	10	3	80	0	0	2	19	3	257	12	698
Ho Chi Minh City	53	190	113	128	91	482	67	165	140	248	128	243	642	1635
Bac Ninh	9	17	26	362	24	98	27	136	35	79	41	220	180	1049
Bac Giang	1	32	3	281	7	-97	3	9	15	235	13	186	50	1438
Hung Yen	3	43	4	77	4	57	3	155	1	5	8	167	27	554
Thai Binh	1	4	1	13	0	-11	4	33	2	23	1	126	9	189
Ba Ria – Vung Tau	0	4	0	5	1	-1	1	0	1	1	3	125	9	250
Vinh Phuc	0	0	3	30	2	43	3	33	1	11	4	96	15	214
Tay Ninh	4	23	0	21	1	23	1	286	5	66	5	73	17	550
Binh Duong	0	330	10	104	13	446	3	17	10	134	17	36	56	1079
Thai Nguyen	0	0	2	29	5	78	2	5	3	12	7	34	21	173
Binh Phuoc	1	12	4	37	0	-6	2	472	2	28	6	29	19	588
Long An	2	57	11	141	6	258	9	34	10	51	15	28	57	553
Ha Nam	2	64	3	15	2	29	1	11	0	14	3	24	11	157
Hai Duong	0	2	4	30	8	108	5	14	10	34	5	23	38	233
Yen Bai	0	0	0	2	0	2	0	-2	0	0	1	20	1	22
Hanoi	17	16	34	121	30	1,548	43	158	50	401	37	17	233	2283
Tien Giang	0	0	1	8	1	0	0	0	0	13	1	12	3	33
Nam Dinh	0	0	1	23	0	0	1	120	3	93	3	7	8	244
Ninh Binh	0	0	0	0	1	3	1	8	0	0	1	5	3	16
Tra Vinh	0	0	1	3	0	9	0	0	0	1	1	4	2	17
Thanh Hoa	0	44	0	0	3	40	3	17	4	103	1	3	11	210
Can Tho	0	39	0	0	1	0	0	0	0	-2	1	2	2	47
Nghe An	0	0	1	165	3	122	2	141	1	293	0	2	8	723
Phu Tho	0	6	0	23	0	2	0	0	2	24	1	1	4	65
Khanh Hoa	0	0	0	0	1	0	0	0	0	0	0	1	1	2
Soc Trang	0	0	0	0	0	0	0	0	1	91	0	1	1	91
Da Nang	8	1	13	3	9	4	14	4	11	5	6	0	70	28
Quang Tri	0	0	0	0	0	0	0	0	0	0	1	0	1	0
Dak Lak	1	24	1	21	0	0	0	11	0	0	0	0	2	57
Ninh Thuan	0	0	1	4	0	0	0	0	0	0	0	0	1	4
Thua Thien Hue	0	0	2	19	0	0	1	13	0	-2	0	0	4	33
Quang Ngai	0	0	0	9	1	32	0	0	1	140	0	0	2	184
Vinh Long	0	3	0	0	0	0	1	14	0	0	0	0	1	17
Lam Dong	0	0	0	0	0	0	0	0	0	0	0	0	0	1
Ben Tre	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ca Mau	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dong Thap	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gia Lai	0	0	0	0			0	1	0	0	0	0	0	1
Ha Tinh	1	2	0	0	0	0	1	2	0	0	0	0	2	4
Hau Giang	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hoa Binh	0	0	0	0			0	1	0	0	0	0	0	1
Kien Giang	0	0	0	0	0	0	0	1	0	0	0	0	0	1
Lang Son	0	0	0	0			0	10	0	0	0	0	0	10
Phu Yen	0	0	0	0	0	0	0	0	2	4	0	0	2	4
Quang Nam	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tuyen Quang	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Binh Thuan	0	0	1	4	0	0	1	3	0	5	0	0	2	12
An Giang	0	7	0	0	0	0	0	0	0	0	0	0	0	7
Binh Dinh	0	4	0	0	0	16	0	0	1	0	0	0	1	18
Dong Nai	0	61	8	391	4	39	6	33	8	98	7	-33	43	743
Total	108	1,412	261	2,350	228	3,431	212	1,978	331	2,576	334	2806	1627	16239

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023, to July 20, 2023. The next data set is expected to be available from July 20, 2023.

June 2023

Registered capital from foreign direct investment in Vietnam was just shy of US$2.6 billion in June bringing the total for the year to just over US$13.4 billion.

In total, 331 new foreign-invested projects kicked off in Vietnam in June.

So, in June, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is to June 20, 2023.

Where did Vietnam’s FDI come from in June?

In June, Korea took out first place with respect to the dollar value of their foreign direct investments in Vietnam. Firms from Korea invested US$553 million and started 56 new projects. Korea was followed by Singapore, with US$465 million worth of investments, and then China with US$345 million.

FDI in Vietnam by country, newly registered capital (NRC) in June

NP = New Projects

	January		February		March		April		May		June		2023 Totals
Country	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Republic of Korea	26	149	15	75.06	40	251	40	101	46	92	56	552.77	223	1,219.29
Singapore	21	814	16	164.50	38	708	29	509	24	339	35	465.80	163	3,000.28
China	29	266	16	76.10	32	210	40	200	39	857	77	345.46	233	1,953.62
Thailand	5	11	1	15.12	2	7	2	3	3	55	3	294.78	16	385.20
Hong Kong (China)	13	56	8	47.77	21	348	23	134	18	68	31	287.41	114	941.36
Germany	2	1	2	0.19	1	0	2	14	0	1	11	160.78	18	176.27
Japan	13	42	10	104.21	40	174	22	1,647	23	106	27	135.96	135	2,208.02
Taiwan (China)	9	139	5	267.90	19	70	17	117	14	185	20	116	84	895.35
Seychelles	2	16	0	0.00	3	29	3	21	0	0	2	30.24	10	96.30
United States of America	6	8	2	3.25	12	43	11	217	10	103	11	29.71	52	405.13
Macao	0	0	0	0.00	0	0	0	0	0	0	0	28	0	27.94
BritishVirginIslands	1	13	4	3.40	4	38	2	13	0	2	3	25	14	95.5
United Kingdom	1	1	1	0.08	4	7	4	-2	5	5	8	23.33	23	34.14
Samoa	1	35	0	6.70	4	214	4	44	1	19	4	16	14	334.14
Cayman Islands	0	2	1	97.73	0	2	0	12	1	63	0	14.62	2	191.28
Marshall Islands	0	0	0	0.00	0	0	1	3	0	0	2	12.00	3	15.00
India	3	2	2	1.89	6	1	3	2	1	10	7	11.37	22	27.99
Malaysia	3	0	0	1.69	4	2	3	3	3	0	7	5.43	20	12.34
France	2	11	1	13.66	6	16	1	10	1	1	2	4	13	54.51
Sweden	1	9	1	154.00	1	0	1	1	1	0	0	2.96	5	167.98
Denmark	0	0	3	0.29	0	0	1	163	1	0	4	2.35	9	165.87
Pakistan	0	0	0	0.00	0	0	1	1	0	0	1	1.78	2	3.52
Nigeria	0	0	0	1.59	0	1	0	2	0	2	0	1.59	0	8.08
Australia	1	1	3	8.91	2	1	2	3	4	6	4	2	16	20.45
Russia	2	0	4	2.75	2	6	1	1	2	0	2	0.95	13	10.89
Philippines	3	2	0	0.05	0	0	0	0	0	0	1	0.87	4	3.07
Luxembourg	0	0	0	0.00	0	1	0	0	1	0	0	0.74	1	2.40
Canada	0	0	1	0.28	1	3	1	1	1	0	2	0.58	6	5.53
New Zealand	0	0	0	0.26	0	0	1	0	0	0	0	0.50	1	0.73
Cambodia	0	0	0	0.00	0	0	0	1	0	0	1	0.43	1	2.46
Norway	0	0	0	0.00	0	0	0	1	0	0	2	0.32	2	1.17
Bulgaria	0	0	0	0.00	0	0	0	0	0	0	0	0.26	0	0.26
Bangladesh	0	0	1	0.25	0	0	0	0	1	1	0	0	2	1.49
Switzerland	1	10	1	0.10	2	0	4	3	0	3	2	0	10	16.77
Egypt	0	0	1	0.26	0	0	0	0	1	0	0	0.25	2	1.21
Yemen	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.17
Jordan	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.17
Iran (Islamic Republic of)	0	0	0	0.00	0	0	1	1	0	0	0	0.17	1	0.73
Armenia	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.15
Lebanon	0	0	0	0.00	0	0	0	0	0	0	1	0.13	1	0.13
Indonesia	2	0	2	0.07	0	0	2	4	0	0	0	0.09	6	4.55
Sudan	0	0	0	0.00	0	0	0	0	0	0	0	0.06	0	0.06
Turkey	0	0	0	0.01	0	182	0	0	0	0	0	0.05	0	182.61
Netherlands	1	6	1	363.15	5	8	2	191	2	34	1	0.05	12	601.81
Sri Lanka	0	0	1	0.30	0	0	0	0	1	1	0	0	2	1.77
Saint Kitts and Nevis	0	0	0	0.00	0	0	0	0	0	0	1	0.02	1	0.33
Spain	1	0	0	0.00	0	0	0	0	0	0	1	0.02	2	0.11
Belgium	0	0	2	0.09	1	0	0	0	1	0	0	0.02	4	0.56
South Africa	0	0	0	0.00	0	0	0	0	0	0	0	0.01	0	0.49
Finland	0	0	0	0.00	0	0	0	0	0	0	0	0.00	0	0.52
Italy	1	30	0	0.17	1	21	1	10	4	10	2	–	9	70.13
Venezuela	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Uruguay	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
United States Virgin Islands	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
United Arab Emirates	1	0	1	0.02	2	0	0	0	1	0	0	0	5	0.73
Uganda	0	0	0	0.02	0	0	0	0	0	0	0	–	0	0.04
Turks & Caicos Islands	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Turkmenistan	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Syrian Arab Republic	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Swaziland	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Slovenia	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Slovakia	0	0	0	0.00	0	0	2	0	0	0	0	–	2	0.31
Sierra Leone	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Serbia	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.01
Saudia Arabia	0	0	0	0.60	0	-1	0	0	0	0	0	0	0	-0.6
Saint Vincent and the Grenadines	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Rumani	0	0	0	0.00	0	0	1	0	0	0	0	0	1	0.33
Republic of Moldova	0	0	0	0.00	1	0	-1	0	0	0	0	0	0	0
Qatar	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Portugal	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.30
Poland	0	0	0	0.00	1	0	0	0	0	0	0	–	1	0.03
Panama	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Palestine	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Oman	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Myanmar	0	0	0	0.00	1	0	0	0	0	0	0	–	1	0.05
Morrocco	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Mongolia	0	0	0	0.00	0	0	1	0	0	0	0	–	1	0.01
Monaco	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Mexico	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Mauritius	0	0	0	0.00	1	0	0	0	0	0	0	–	1	0.30
Malta	0	0	1	0.01	0	0	0	0	0	0	0	–	1	0.01
Mali	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Maldives	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Lithuania	0	0	0	0.02	0	0	0	0	0	0	0	–	0	0.02
Libya	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Lesotho	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Laos	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Kuwait	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Kenya	0	0	0	0.00	0	0	0	0	0	10	0	–	0	10.10
Kazakhstan	1	0	0	0.00	0	0	0	0	0	0	0	0	1	0.18
Ivory Coast	0	0	0	0.15	0	0	0	0	0	0	0	–	0	0.15
Israel	1	60	0	0.08	1	0	0	0	0	0	0	–	2	60.18
Isle of Man	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Island of Nevis	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Ireland	0	0	0	0.00	0	0	0	0	1	0	0	–	1	0.09
Iraq	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Iceland	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Hungary	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.01
Honduras	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Guinea	0	0	0	0.55	0	0	0	0	0	0	0	–	0	0.55
Guernsey	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Guatemala	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Guam	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Grenada	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Greece	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.11
Ghana	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.01
Georgia	0	0	0	-0.04	0	0	0	0	0	0	0	–	0	0.04
Ethiopia	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.25
Estonia	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
El Salvador	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Ecuador	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Dominica	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Djibouti	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Czech Republic	0	0	1	0.00	0	0	0	0	0	0	0	0	1	0
Cyprus	0	0	0	0.00	1	0	0	0	0	0	0	–	1	0.13
Cuba	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.13
Costa Rica	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Cook Islands	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Congo	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Colombia	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0.17
Chile	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Channel Islands	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Cameroon	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Brunei Darussalam	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
British West Indies	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
British Isles	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Brazil	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.14
Bermuda	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Belize	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Belarus	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Barbados	0	0	0	0.00	1	5	0	0	0	0	0	0	1	5
Bahamas	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Austria	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Argentina	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Antigua and Barbuda	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Anguilla	0	0	0	0.00	0	0	0	0	0	2	0	–	0	2.06
Angola	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Andorra	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Algeria	0	0	0	0.00	0	0	0	0	0	0	0	–	0	0.15
Albania	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Vanuatu	0	0	0	0.00	1	0	0	0	0	0	0	(0.00)	1	0.09
Nepal	0	0	0	0.01	0	0	0	0	0	0	0	(0.00)	0	0.07
Latvia	0	0	0	0.00	0	0	0	0	1	0	0	0.00	1	0.20
Ukraine	0	0	0	0.00	0	0	0	0	0	0	0	(0.00)	0	0.72
Afghanistan	0	0	0	0.00	0	0	0	0	0	0	0	0	0	0
Total	153	1,685	108	1413.20	261	2,348	228	3,432	212	1,978	331	2,576	1293	13431.9

Which sectors in Vietnam received FDI in June?

Manufacturing and processing was the big winner again for foreign direct investment in Vietnam in June with 95 new projects to the tune of US$1.8 billion. This is inline with a years long trend of manufacturing pulling in foreign investors from all over the world.

FDI in Vietnam by sector, newly registered capital in June

	January		February		March		April		May		June		Total for 2023
Sector	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Manufacturing and processing	53	719	25	1454	72	1804	74	1159	60	1508	95	1817	379	8460
Real estate industry	4	61	2	336	9	369	3	206	6	186	8	373	32	1531
Professional, scientific and technical activities	22	42	21	16	33	13	38	283	31	127	50	150	195	631
Wholesale and retail; repair of motor vehicles and motorcycles	35	676	30	-474	72	73	67	96	63	52	100	92	367	515
Production, electricity, gas, steam and air conditioning supply	0	0	0	0	6	10	0	11	0	7	2	91	8	119
Accommodation and food service activities	4	3	4	3	5	5	6	7	8	13	7	25	34	57
Information and communication	16	27	10	3	35	20	21	129	20	6	26	9	128	193
Administrative and support service activities	2	0	3	2	2	4	4	7	3	1	7	8	21	22
Transportation and storage	7	83	3	59	13	9	4	6	12	50	23	6	62	212
Education and training	2	0	6	3	3	2	8	4	6	2	8	3	33	14
Public health and social work activities	0	0	0	0	0	0	0	0	0	0	0	1	0	2
Arts, entertainment and recreation	0	0	0	1	1	5	0	2	0	0	0	1	1	8
Construction	3	64	3	8	5	34	2	15	2	4	1	0	16	125
Financial, banking and insurance activities	1	5	0	0	4	6	0	1500	0	23	2	0	7	1534
Other service activities	0	0	0	0	0	0	1	0	1	0	0	0	2	1
Water supply, sewerage, waste management and remediation activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Mining and quarrying	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Household’s chores employment activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Agriculture, forestry and fishery	4	5	1	2	1	-6	0	6	0	1	2	0	8	8
Total	153	1685	108	1412	261	2350	228	3431	212	1978	331	2576	962	13432

Which provinces received FDI in June and how much did they receive?

In June, Hanoi received the most newly registered capital. This was US$401 million and about US$50 million more than its closest rival Hai Phong.

FDI in Vietnam by province, newly registered capital in June

	January		February		March		April		May		June		Total for 2023
Sector	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)	NP	NRC ($USm)
Hanoi	22	22	17	16	34	121	30	1,548	43	158	50	401	196	2266
Hai Phong	3	79	3	107	12	270	7	24	7	74	10	351	42	904
Nghe An	1	0	0	0	1	165	3	122	2	141	1	293	8	721
Ho Chi Minh City	50	179	53	190	113	128	91	482	67	165	140	248	514	1392
Bac Giang	8	792	1	32	3	281	7	-97	3	9	15	235	37	1252
Quang Ngai	0	3	0	0	0	9	1	32	0	0	1	140	2	184
Binh Duong	3	12	0	330	10	104	13	446	3	17	10	134	39	1043
Thanh Hoa	0	3	0	44	0	0	3	40	3	17	4	103	10	207
Dong Nai	10	154	0	61	8	391	4	39	6	33	8	98	36	776
Nam Dinh	0	0	0	0	1	23	0	0	1	120	3	93	5	237
Soc Trang	0	0	0	0	0	0	0	0	0	0	1	91	1	91
Bac Ninh	18	138	9	17	26	362	24	98	27	136	35	79	139	829
Tay Ninh	1	58	4	23	0	21	1	23	1	286	5	66	12	477
Long An	4	-16	2	57	11	141	6	258	9	34	10	51	42	525
Hai Duong	6	22	0	2	4	30	8	108	5	14	10	34	33	210
Binh Phuoc	4	14	1	12	4	37	0	-6	2	472	2	28	13	558
Phu Tho	1	9	0	6	0	23	0	2	0	0	2	24	3	64
Thai Binh	0	0	1	4	1	13	0	-11	4	33	2	23	8	63
Quang Ninh	1	13	2	319	1	10	3	80	0	0	2	19	9	441
Ha Nam	0	1	2	64	3	15	2	29	1	11	0	14	8	133
Tien Giang	0	0	0	0	1	8	1	0	0	0	0	13	2	21
Thai Nguyen	2	15	0	0	2	29	5	78	2	5	3	12	14	139
Vinh Phuc	2	1	0	0	3	30	2	43	3	33	1	11	11	118
Da Nang	9	9	8	1	13	3	9	4	14	4	11	5	64	27
Binh Thuan	0	0	0	0	1	4	0	0	1	3	0	5	2	12
Hung Yen	4	50	3	43	4	77	4	57	3	155	1	5	19	387
Phu Yen	0	0	0	0	0	0	0	0	0	0	2	4	2	4
Tra Vinh	0	0	0	0	1	3	0	9	0	0	0	1	1	13
Ba Ria – Vung Tau	3	116	0	4	0	5	1	-1	1	0	1	1	6	125
Lam Dong	0	0	0	0	0	0	0	0	0	0	0	0	0	1
Binh Dinh	0	-1	0	4	0	0	0	16	0	0	1	0	1	18
Yen Bai	0	0	0	0	0	2	0	2	0	-2	0	0	0	2
Vinh Long	0	0	0	3	0	0	0	0	1	14	0	0	1	17
Ben Tre	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ca Mau	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dong Thap	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gia Lai	0	0	0	0	0	0			0	1	0	0	0	1
Ha Tinh	0	0	1	2	0	0	0	0	1	2	0	0	2	4
Hau Giang	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hoa Binh	0	0	0	0	0	0			0	1	0	0	0	1
Khanh Hoa	0	1	0	0	0	0	1	0	0	0	0	0	1	1
Kien Giang	0	0	0	0	0	0	0	0	0	1	0	0	0	1
Lang Son	0	0	0	0	0	0			0	10	0	0	0	10
Ninh Thuan	0	0	0	0	1	4	0	0	0	0	0	0	1	4
Quang Nam	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Quang Tri	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tuyen Quang	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ninh Binh	0	0	0	0	0	0	1	3	1	8	0	0	2	10
An Giang	0	0	0	7	0	0	0	0	0	0	0	0	0	7
Dak Lak	0	0	1	24	1	21	0	0	0	11	0	0	2	57
Can Tho	0	8	0	39	0	0	1	0	0	0	0	-2	1	45
Thua Thien Hue	1	4	0	0	2	19	0	0	1	13	0	-2	4	33
Total	153	1,685	108	1,412	261	2,350	228	3,431	212	1,978	331	2,576	1,293	13,432

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023, to June 20, 2023. The next data set is expected to be available from July 20, 2023.

May

Registered capital from foreign direct investment in Vietnam was just shy of US$2 billion in May bringing the total for the year to just under US$10.8 billion.

In total, 212 new foreign-invested projects were started by firms from 28 countries.

So, in May, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is to May 20, 2023.

Where did Vietnam’s FDI come from in May?

In May, China took out first place with respect to the dollar value of foreign direct investments in Vietnam. Firms from Vietnam’s northern neighbor invested US$857 million and started 39 new projects. China was followed by Singapore, with US$339 million worth of investments, and then Taiwan with US$185 million.

FDI in Vietnam by country, newly registered capital (NRC) in May

NP = New Projects

	January		February		March		April		May		2023 Totals
Country	NP	NRC $USm	NP	NRC $USm	NP	NRC $USm	NP	NRC $USm	NP	NRC $USm	NP	NRC $USm
China	29	266	16	76.10	32	210	40	200	39	857	156	1608.16
Singapore	21	814	16	164.50	38	708	29	509	24	339	128	2534.48
Taiwan	9	139	5	267.90	19	70	17	117	14	185	64	779.36
Japan	13	42	10	104.21	40	174	22	1,647	23	106	108	2072.06
United States of America	6	8	2	3.25	12	43	11	217	10	103	41	375.42
Republic of Korea	26	149	15	75.06	40	251	40	101	46	92	167	666.52
Hong Kong	13	56	8	47.77	21	348	23	134	18	68	83	653.95
Cayman Islands	0	2	1	97.73	0	2	0	12	1	63	2	176.66
Thailand	5	11	1	15.12	2	7	2	3	3	55	13	90.42
Netherlands	1	6	1	363.15	5	8	2	191	2	34	11	601.76
Samoa	1	35	0	6.70	4	214	4	44	1	19	10	318.35
India	3	2	2	1.89	6	1	3	2	1	10	15	16.62
Kenya	0	0	0	0.00	0	0	0	0	0	10	0	10.1
Italy	1	30	0	0.17	1	21	1	10	4	10	7	70.13
Australia	1	1	3	8.91	2	1	2	3	4	6	12	18.93
United Kingdom	1	1	1	0.08	4	7	4	-2	5	5	15	10.81
Switzerland	1	10	1	0.10	2	0	4	3	0	3	8	16.52
Anguilla	0	0	0	0.00	0	0	0	0	0	2	0	2.06
British Virgin Islands	1	13	4	3.40	4	38	2	13	0	2	11	70.16
Nigeria	0	0	0	1.59	0	1	0	2	0	2	0	6.49
Sri Lanka	0	0	1	0.30	0	0	0	0	1	1	2	1.73
Germany	2	1	2	0.19	1	0	2	14	0	1	7	15.49
Bangladesh	0	0	1	0.25	0	0	0	0	1	1	2	1.24
France	2	11	1	13.66	6	16	1	10	1	1	11	50.17
Luxembourg	0	0	0	0.00	0	1	0	0	1	0	1	1.66
Cambodia	0	0	0	0.00	0	0	0	1	0	0	0	2.03
Egypt	0	0	1	0.26	0	0	0	0	1	0	2	0.96
Malaysia	3	0	0	1.69	4	2	3	3	3	0	13	6.91
South Africa	0	0	0	0.00	0	0	0	0	0	0	0	0.48
Canada	0	0	1	0.28	1	3	1	1	1	0	4	4.95
Ukraine	0	0	0	0.00	0	0	0	0	0	0	0	0.72
Pakistan	0	0	0	0.00	0	0	1	1	0	0	1	1.74
Saint Kitts and Nevis	0	0	0	0.00	0	0	0	0	0	0	0	0.31
Portugal	0	0	0	0.00	0	0	0	0	0	0	0	0.3
Indonesia	2	0	2	0.07	0	0	2	4	0	0	6	4.46
Sweden	1	9	1	154.00	1	0	1	1	1	0	5	165.02
Russia	2	0	4	2.75	2	6	1	1	2	0	11	9.94
Philippines	3	2	0	0.05	0	0	0	0	0	0	3	2.2
Algeria	0	0	0	0.00	0	0	0	0	0	0	0	0.15
Belgium	0	0	2	0.09	1	0	0	0	1	0	4	0.54
Finland	0	0	0	0.00	0	0	0	0	0	0	0	0.52
Ireland	0	0	0	0.00	0	0	0	0	1	0	1	0.09
Denmark	0	0	3	0.29	0	0	1	163	1	0	5	163.52
Seychelles	2	16	0	0.00	3	29	3	21	0	0	8	66.06
Turkey	0	0	0	0.01	0	182	0	0	0	0	0	182.56
United Arab Emirates	1	0	1	0.02	2	0	0	0	1	0	5	0.73
Latvia	0	0	0	0.00	0	0	0	0	1	0	1	0.2
Myanmar	0	0	0	0.00	1	0	0	0	0	0	1	0.05
Ghana	0	0	0	0.00	0	0	0	0	0	0	0	0.01
Afghanistan	0	0	0	0.00	0	0	0	0	0	0	0	0.05
Albania	0	0	0	0.00	0	0	0	0	0	0	0	0
Andorra	0	0	0	0.00	0	0	0	0	0	0	0	0
Angola	0	0	0	0.00	0	0	0	0	0	0	0	0
Antigua and Barbuda	0	0	0	0.00	0	0	0	0	0	0	0	0
Argentina	0	0	0	0.00	0	0	0	0	0	0	0	0
Armenia	0	0	0	0.00	0	0	0	0	0	0	0	0
Austria	0	0	0	0.00	0	0	0	0	0	0	0	0
Bahamas	0	0	0	0.00	0	0	0	0	0	0	0	0
Barbados	0	0	0	0.00	1	5	0	0	0	0	1	5
Belarus	0	0	0	0.00	0	0	0	0	0	0	0	0
Belize	0	0	0	0.00	0	0	0	0	0	0	0	0
Bermuda	0	0	0	0.00	0	0	0	0	0	0	0	0
Brazil	0	0	0	0.00	0	0	0	0	0	0	0	0.14
British Isles	0	0	0	0.00	0	0	0	0	0	0	0	0
British West Indies	0	0	0	0.00	0	0	0	0	0	0	0	0
Brunei Darussalam	0	0	0	0.00	0	0	0	0	0	0	0	0
Bulgaria	0	0	0	0.00	0	0	0	0	0	0	0	0
Cameroon	0	0	0	0.00	0	0	0	0	0	0	0	0
Channel Islands	0	0	0	0.00	0	0	0	0	0	0	0	0
Chile	0	0	0	0.00	0	0	0	0	0	0	0	0
Colombia	0	0	0	0.00	0	0	0	0	0	0	0	0.17
Congo	0	0	0	0.00	0	0	0	0	0	0	0	0
Cook Islands	0	0	0	0.00	0	0	0	0	0	0	0	0
Costa Rica	0	0	0	0.00	0	0	0	0	0	0	0	0
Cyprus	0	0	0	0.00	1	0	0	0	0	0	1	0.13
Democratic People’s Republic of Korea	0	0	0	0.00	0	0	0	0	0	0	0	0
Djibouti	0	0	0	0.00	0	0	0	0	0	0	0	0
Dominica	0	0	0	0.00	0	0	0	0	0	0	0	0
Ecuador	0	0	0	0.00	0	0	0	0	0	0	0	0
El Salvador	0	0	0	0.00	0	0	0	0	0	0	0	0
Estonia	0	0	0	0.00	0	0	0	0	0	0	0	0
Ethiopia	0	0	0	0.00	0	0	0	0	0	0	0	0.25
Georgia	0	0	0	-0.04	0	0	0	0	0	0	0	0.04
Greece	0	0	0	0.00	0	0	0	0	0	0	0	0.11
Grenada	0	0	0	0.00	0	0	0	0	0	0	0	0
Guam	0	0	0	0.00	0	0	0	0	0	0	0	0
Guatemala	0	0	0	0.00	0	0	0	0	0	0	0	0
Guernsey	0	0	0	0.00	0	0	0	0	0	0	0	0
Guinea	0	0	0	0.55	0	0	0	0	0	0	0	0.55
Honduras	0	0	0	0.00	0	0	0	0	0	0	0	0
Iceland	0	0	0	0.00	0	0	0	0	0	0	0	0
Iran (Islamic Republic of)	0	0	0	0.00	0	0	1	1	0	0	1	0.56
Iraq	0	0	0	0.00	0	0	0	0	0	0	0	0
Island of Nevis	0	0	0	0.00	0	0	0	0	0	0	0	0
Isle of Man	0	0	0	0.00	0	0	0	0	0	0	0	0
Israel	1	60	0	0.08	1	0	0	0	0	0	2	60.18
Ivory Coast	0	0	0	0.15	0	0	0	0	0	0	0	0.15
Jordan	0	0	0	0.00	0	0	0	0	0	0	0	0
Kazakhstan	1	0	0	0.00	0	0	0	0	0	0	1	0.18
Kuwait	0	0	0	0.00	0	0	0	0	0	0	0	0
Laos	0	0	0	0.00	0	0	0	0	0	0	0	0
Lebanon	0	0	0	0.00	0	0	0	0	0	0	0	0
Lesotho	0	0	0	0.00	0	0	0	0	0	0	0	0
Libya	0	0	0	0.00	0	0	0	0	0	0	0	0
Macao	0	0	0	0.00	0	0	0	0	0	0	0	0
Maldives	0	0	0	0.00	0	0	0	0	0	0	0	0
Mali	0	0	0	0.00	0	0	0	0	0	0	0	0
Malta	0	0	1	0.01	0	0	0	0	0	0	1	0.01
Marshall Islands	0	0	0	0.00	0	0	1	3	0	0	1	3
Mauritius	0	0	0	0.00	1	0	0	0	0	0	1	0.3
Mexico	0	0	0	0.00	0	0	0	0	0	0	0	0
Monaco	0	0	0	0.00	0	0	0	0	0	0	0	0
Mongolia	0	0	0	0.00	0	0	1	0	0	0	1	0.01
Morrocco	0	0	0	0.00	0	0	0	0	0	0	0	0
Norway	0	0	0	0.00	0	0	0	1	0	0	0	0.85
Oman	0	0	0	0.00	0	0	0	0	0	0	0	0
Palestine	0	0	0	0.00	0	0	0	0	0	0	0	0
Panama	0	0	0	0.00	0	0	0	0	0	0	0	0
Poland	0	0	0	0.00	1	0	0	0	0	0	1	0.03
Qatar	0	0	0	0.00	0	0	0	0	0	0	0	0
Republic of Moldova	0	0	0	0.00	1	0	-1	0	0	0	0	0
Rumani	0	0	0	0.00	0	0	1	0	0	0	1	0.33
Saint Vincent and the Grenadines	0	0	0	0.00	0	0	0	0	0	0	0	0
Saudia Arabia	0	0	0	0.60	0	-1	0	0	0	0	0	-0.6
Sierra Leone	0	0	0	0.00	0	0	0	0	0	0	0	0
Slovakia	0	0	0	0.00	0	0	2	0	0	0	2	0.31
Slovenia	0	0	0	0.00	0	0	0	0	0	0	0	0
Spain	1	0	0	0.00	0	0	0	0	0	0	1	0.09
Sudan	0	0	0	0.00	0	0	0	0	0	0	0	0
Swaziland	0	0	0	0.00	0	0	0	0	0	0	0	0
Syrian Arab Republic	0	0	0	0.00	0	0	0	0	0	0	0	0
Turkmenistan	0	0	0	0.00	0	0	0	0	0	0	0	0
Turks & Caicos Islands	0	0	0	0.00	0	0	0	0	0	0	0	0
Uganda	0	0	0	0.02	0	0	0	0	0	0	0	0.04
United States Virgin Islands	0	0	0	0.00	0	0	0	0	0	0	0	0
Uruguay	0	0	0	0.00	0	0	0	0	0	0	0	0
Venezuela	0	0	0	0.00	0	0	0	0	0	0	0	0
Nepal	0	0	0	0.01	0	0	0	0	0	0	0	0.07
Vanuatu	0	0	0	0.00	1	0	0	0	0	0	1	0.09
Lithuania	0	0	0	0.02	0	0	0	0	0	0	0	0.02
Serbia	0	0	0	0.00	0	0	0	0	0	0	0	0.01
Hungary	0	0	0	0.00	0	0	0	0	0	0	0	0.01
Czech Republic	0	0	1	0.00	0	0	0	0	0	0	1	0
Cuba	0	0	0	0.00	0	0	0	0	0	0	0	0.13
New Zealand	0	0	0	0.26	0	0	1	0	0	0	1	0.23
Yemen	0	0	0	0.00	0	0	0	0	0	0	0	0
Total	153	1,685	108	1413.20	261	2,348	228	3,432	212	1,978	962	10856.14

Which sectors in Vietnam received FDI in May?

Gain intelligence about diversifying your Asia supply chain ⟶

Yet again, manufacturing was the biggest drawcard for foreign direct investment in Vietnam in May with over US$1.5 billion worth of newly registered capital entering the sector. This was almost eight times its closest competitor, real estate, which received US$186 million.

FDI in Vietnam by sector, newly registered capital in May

	January		February		March		April		May		2023
Sector	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$
Manufacturing and processing	53	719	25	1454	72	1804	74	1159	60	1508	284	6644
Real estate industry	4	61	2	336	9	369	3	206	6	186	24	1158
Professional, scientific and technical activities	22	42	21	16	33	13	38	283	31	127	145	481
Wholesale and retail; repair of motor vehicles and motorcycles	35	676	30	-474	72	73	67	96	63	52	267	423
Transportation and storage	7	83	3	59	13	9	4	6	12	50	39	206
Financial, banking and insurance activities	1	5	0	0	4	6	0	1500	0	23	5	1534
Accommodation and food service activities	4	3	4	3	5	5	6	7	8	13	27	31
Production, electricity, gas, steam and air conditioning supply	0	0	0	0	6	10	0	11	0	7	6	28
Information and communication	16	27	10	3	35	20	21	129	20	6	102	184
Construction	3	64	3	8	5	34	2	15	2	4	15	125
Education and training	2	0	6	3	3	2	8	4	6	2	25	11
Administrative and support service activities	2	0	3	2	2	4	4	7	3	1	14	14
Agriculture, forestry and fishery	4	5	1	2	1	-6	0	6	0	1	6	9
Other service activities	0	0	0	0	0	0	1	0	1	0	2	1
Arts, entertainment and recreation	0	0	0	1	1	5	0	2	0	0	1	7
Public health and social work activities	0	0	0	0	0	0	0	0	0	0	0	0
Mining and quarrying	0	0	0	0	0	0	0	0	0	0	0	0
Household’s chores employment activities	0	0	0	0	0	0	0	0	0	0	0	0
Water supply, sewerage, waste management and remediation activities	0	0	0	0	0	0	0	0	0	0	0	0
Total	153	1685	108	1412	261	2350	228	3431	212	1978	962	10856

Which provinces received FDI in May and how much did they receive?

Learn about our Location Analysis and Site Selection services ⟶

In May, Binh Phuoc took on the most newly registered capital recording its best month year-to-date with US$427 million. It was followed by Tay Ninh with US$286 million and then the stalwart of FDI in Vietnam, HCMC, with US$165 million.

FDI in Vietnam by province, newly registered capital in May

	January		February		March		April		May		2023
Sector	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$	NP	NRC US$
Binh Phuoc	4	14	1	12	4	37	0	-6	2	472	11	530
Tay Ninh	1	58	4	23	0	21	1	23	1	286	7	411
Ho Chi Minh City	50	179	53	190	113	128	91	482	67	165	374	1,144
Hanoi	22	22	17	16	34	121	30	1,548	43	158	146	1,865
Hung Yen	4	50	3	43	4	77	4	57	3	155	18	382
Nghe An	1	0	0	0	1	165	3	122	2	141	7	428
Bac Ninh	18	138	9	17	26	362	24	98	27	136	104	751
Nam Dinh	0	0	0	0	1	23	0	0	1	120	2	143
Hai Phong	3	79	3	107	12	270	7	24	7	74	32	553
Long An	4	-16	2	57	11	141	6	258	9	34	32	474
Thai Binh	0	0	1	4	1	13	0	-11	4	33	6	40
Vinh Phuc	2	1	0	0	3	30	2	43	3	33	10	107
Dong Nai	10	154	0	61	8	391	4	39	6	33	28	679
Binh Duong	3	12	0	330	10	104	13	446	3	17	29	909
Thanh Hoa	0	3	0	44	0	0	3	40	3	17	6	104
Hai Duong	6	22	0	2	4	30	8	108	5	14	23	175
Vinh Long	0	0	0	3	0	0	0	0	1	14	1	17
Thua Thien Hue	1	4	0	0	2	19	0	0	1	13	4	35
Dak Lak	0	0	1	24	1	21	0	0	0	11	2	57
Ha Nam	0	1	2	64	3	15	2	29	1	11	8	120
Lang Son	0	0	0	0	0	0			0	10	0	10
Bac Giang	8	792	1	32	3	281	7	-97	3	9	22	1,017
Ninh Binh	0	0	0	0	0	0	1	3	1	8	2	10
Thai Nguyen	2	15	0	0	2	29	5	78	2	5	11	127
Da Nang	9	9	8	1	13	3	9	4	14	4	53	22
Binh Thuan	0	0	0	0	1	4	0	0	1	3	2	7
Ha Tinh	0	0	1	2	0	0	0	0	1	2	2	4
Gia Lai	0	0	0	0	0	0			0	1	0	1
Hoa Binh	0	0	0	0	0	0			0	1	0	1
Kien Giang	0	0	0	0	0	0	0	0	0	1	0	1
Lam Dong	0	0	0	0	0	0	0	0	0	0	0	1
Ba Ria – Vung Tau	3	116	0	4	0	5	1	-1	1	0	5	124
Tuyen Quang	0	0	0	0	0	0	0	0	0	0	0	0
Quang Nam	0	0	0	0	0	0	0	0	0	0	0	0
Ca Mau	0	0	0	0	0	0	0	0	0	0	0	0
Ben Tre	0	0	0	0	0	0	0	0	0	0	0	0
Hau Giang	0	0	0	0	0	0	0	0	0	0	0	0
Khanh Hoa	0	1	0	0	0	0	1	0	0	0	1	1
Ninh Thuan	0	0	0	0	1	4	0	0	0	0	1	4
Phu Tho	1	9	0	6	0	23	0	2	0	0	1	40
Quang Tri	0	0	0	0	0	0	0	0	0	0	0	0
Tien Giang	0	0	0	0	1	8	1	0	0	0	2	8
Tra Vinh	0	0	0	0	1	3	0	9	0	0	1	12
An Giang	0	0	0	7	0	0	0	0	0	0	0	7
Binh Dinh	0	-1	0	4	0	0	0	16	0	0	0	18
Can Tho	0	8	0	39	0	0	1	0	0	0	1	47
Quang Ngai	0	3	0	0	0	9	1	32	0	0	1	44
Quang Ninh	1	13	2	319	1	10	3	80	0	0	7	422
Dong Thap	0	0	0	0	0	0	0	0	0	0	0	0
Yen Bai	0	0	0	0	0	2	0	2	0	-2	0	2
Total	153	1,685	108	1,412	261	2,350	228	3,431	212	1,978	46	8,878

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023, to May 20, 2023. The next data set is expected to be available from June 20, 2023.

April

Vietnam’s Ministry of Planning and Investment has released its April 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

Registered capital from foreign direct investment in Vietnam was just over US$3.4 billion in April, the highest monthly increase this year. This brings Vietnam’s total FDI in 2023 to US$8.88 billion.

Vietnam also recorded 228 new FDI projects, spread across 50 countries, bringing the total number of new projects for the year to 750.

So, in April, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is to April 20, 2023.

Where did Vietnam’s FDI come from in April?

Japan led foreign direct investment in Vietnam in April with 22 new projects and an additional US$1.6 billion. This could be attributed to the purchase of Vietnam’s VP Bank by Japan’s Sumitomo Mitsui Financial Group. Japan was followed by Singapore with US$509 million added and the USA with an additional US$217 million.

FDI in Vietnam by country, newly registered capital in April

	January		February		March		April		2023 Totals
Country	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	Registered Capital ($USm)
Japan	13	41.57	10	104.21	40	173.67	22	1,647	85	1,966
Singapore	21	813.94	16	164.50	38	708.08	29	509	104	2,195
United States of America	6	8.44	2	3.25	12	42.94	11	217	31	272
China	29	265.57	16	76.10	32	210.1	40	200	117	752
Netherlands	1	5.83	1	363.15	5	8.23	2	191	9	568
Denmark	0	0.06	3	0.29	0	0.13	1	163	4	163
Hong Kong (China)	13	55.65	8	47.77	21	347.76	23	134	65	586
Taiwan (China)	9	139.16	5	267.90	19	70.38	17	117	50	594
Republic of Korea	26	148.83	15	75.06	40	250.58	40	101	121	575
Samoa	1	35.06	0	6.70	4	214.08	4	44	9	300
Seychelles	2	15.91	0	0.00	3	29.4	3	21	8	66
Germany	2	0.52	2	0.19	1	0.15	2	14	7	15
BritishVirginIslands	1	12.96	4	3.40	4	38.4	2	13	11	68
Cayman Islands	0	1.90	1	97.73	0	1.66	0	12	1	113
France	2	10.65	1	13.66	6	15.59	1	10	10	50
Italy	1	30.00	0	0.17	1	20.66	1	10	3	61
Indonesia	2	0.46	2	0.07	0	0	2	4	6	4
Thailand	5	10.56	1	15.12	2	6.672	2	3	10	36
Switzerland	1	10.17	1	0.10	2	0.027	4	3	8	14
Marshall Islands	0	0.00	0	0.00	0	0	1	3	1	3
Malaysia	3	0.11	0	1.69	4	1.85	3	3	10	6
Australia	1	1.10	3	8.91	2	0.61	2	3	8	13
Nigeria	0	0.27	0	1.59	0	0.66	0	2	0	5
India	3	1.81	2	1.89	6	0.9	3	2	14	6
Canada	0	0.35	1	0.28	1	2.65	1	1	3	5
Cambodia	0	0.31	0	0.00	0	0	0	1	0	2
Sweden	1	9.49	1	154.00	1	0.13	1	1	4	165
Norway	0	0.00	0	0.00	0	0	0	1	0	1
Pakistan	0	0.39	0	0.00	0	0.27	1	1	1	1
Russia	2	0.47	4	2.75	2	5.95	1	1	9	10
Iran (Islamic Republic of)	0	0.00	0	0.00	0	0	1	1	1	1
Rumani	0	0.00	0	0.00	0	0	1	0	1	0
Slovakia	0	0.00	0	0.00	0	0	2	0	2	0
Ukraine	0	0.00	0	0.00	0	0.1	0	0	0	0
Finland	0	0.17	0	0.00	0	0	0	0	0	0
Egypt	0	0.00	1	0.26	0	0	0	0	1	1
Colombia	0	0.00	0	0.00	0	0	0	0	0	0
Latvia	0	0.02	0	0.00	0	-0.001	0	0	0	0
Yemen	0	0.00	0	0.00	0	0.01	0	0	0	0
Cuba	0	0.00	0	0.00	0	0	0	0	0	0
Brazil	0	0.00	0	0.00	0	0	0	0	0	0
Bangladesh	0	0.00	1	0.25	0	0	0	0	1	0
South Africa	0	0.00	0	0.00	0	0	0	0	0	0
Turkey	0	0.03	0	0.01	0	182.359	0	0	0	183
Vanuatu	0	0.00	0	0.00	1	0.01	0	0	1	0
Nepal	0	0.00	0	0.01	0	-0.002	0	0	0	0
Ireland	0	0.00	0	0.00	0	0	0	0	0	0
Philippines	3	1.91	0	0.05	0	0.07	0	0	3	2
New Zealand	0	0.00	0	0.26	0	0	1	0	1	0
Mongolia	0	0.00	0	0.00	0	0	1	0	1	0
Czech Republic	0	0.00	1	0.00	0	0	0	0	1	0
Hungary	0	0.00	0	0.00	0	0.01	0	0	0	0
Myanmar	0	0.00	0	0.00	1	0.04	0	0	1	0
Serbia	0	0.00	0	0.00	0	0.01	0	0	0	0
Lithuania	0	0.00	0	0.02	0	-0.001	0	0	0	0
Georgia	0	0.04	0	-0.04	0	0.04	0	0	0	0
Afghanistan	0	0.00	0	0.00	0	0.05	0	0	0	0
Albania	0	0.00	0	0.00	0	0	0	0	0	0
Andorra	0	0.00	0	0.00	0	0	0	0	0	0
Angola	0	0.00	0	0.00	0	0	0	0	0	0
Anguilla	0	0.00	0	0.00	0	0	0	0	0	0
Antigua and Barbuda	0	0.00	0	0.00	0	0	0	0	0	0
Argentina	0	0.00	0	0.00	0	0	0	0	0	0
Armenia	0	0.00	0	0.00	0	0	0	0	0	0
Austria	0	0.00	0	0.00	0	0	0	0	0	0
Bahamas	0	0.00	0	0.00	0	0	0	0	0	0
Barbados	0	0.00	0	0.00	1	5	0	0	1	5
Belarus	0	0.00	0	0.00	0	0	0	0	0	0
Belize	0	0.00	0	0.00	0	0	0	0	0	0
Bermuda	0	0.00	0	0.00	0	0	0	0	0	0
British Isles	0	0.00	0	0.00	0	0	0	0	0	0
British West Indies	0	0.00	0	0.00	0	0	0	0	0	0
Brunei Darussalam	0	0.00	0	0.00	0	0	0	0	0	0
Bulgaria	0	0.00	0	0.00	0	0	0	0	0	0
Cameroon	0	0.00	0	0.00	0	0	0	0	0	0
Channel Islands	0	0.00	0	0.00	0	0	0	0	0	0
Chile	0	0.00	0	0.00	0	0	0	0	0	0
Congo	0	0.00	0	0.00	0	0	0	0	0	0
Cook Islands	0	0.00	0	0.00	0	0	0	0	0	0
Costa Rica	0	0.00	0	0.00	0	0	0	0	0	0
Cyprus	0	0.00	0	0.00	1	0.13	0	0	1	0
Democratic People’s Republic of Korea	0	0.00	0	0.00	0	0	0	0	0	0
Djibouti	0	0.00	0	0.00	0	0	0	0	0	0
Dominica	0	0.00	0	0.00	0	0	0	0	0	0
Ecuador	0	0.00	0	0.00	0	0	0	0	0	0
El Salvador	0	0.00	0	0.00	0	0	0	0	0	0
Estonia	0	0.00	0	0.00	0	0	0	0	0	0
Ethiopia	0	0.00	0	0.00	0	0.25	0	0	0	0
Greece	0	0.00	0	0.00	0	0.11	0	0	0	0
Grenada	0	0.00	0	0.00	0	0	0	0	0	0
Guam	0	0.00	0	0.00	0	0	0	0	0	0
Guatemala	0	0.00	0	0.00	0	0	0	0	0	0
Guernsey	0	0.00	0	0.00	0	0	0	0	0	0
Guinea	0	0.00	0	0.55	0	0	0	0	0	1
Honduras	0	0.00	0	0.00	0	0	0	0	0	0
Iceland	0	0.00	0	0.00	0	0	0	0	0	0
Iraq	0	0.00	0	0.00	0	0	0	0	0	0
Island of Nevis	0	0.00	0	0.00	0	0	0	0	0	0
Isle of Man	0	0.00	0	0.00	0	0	0	0	0	0
Israel	1	60.00	0	0.08	1	0.1	0	0	2	60
Ivory Coast	0	0.00	0	0.15	0	0	0	0	0	0
Jordan	0	0.00	0	0.00	0	0	0	0	0	0
Kazakhstan	1	0.11	0	0.00	0	0.07	0	0	1	0
Kenya	0	0.00	0	0.00	0	0	0	0	0	0
Kuwait	0	0.00	0	0.00	0	0	0	0	0	0
Laos	0	0.00	0	0.00	0	0	0	0	0	0
Lebanon	0	0.00	0	0.00	0	0	0	0	0	0
Lesotho	0	0.00	0	0.00	0	0	0	0	0	0
Libya	0	0.00	0	0.00	0	0	0	0	0	0
Luxembourg	0	0.00	0	0.00	0	1.18	0	0	0	1
Macao	0	0.00	0	0.00	0	0	0	0	0	0
Maldives	0	0.00	0	0.00	0	0	0	0	0	0
Mali	0	0.00	0	0.00	0	0	0	0	0	0
Malta	0	0.00	1	0.01	0	0	0	0	1	0
Mauritius	0	0.00	0	0.00	1	0.3	0	0	1	0
Mexico	0	0.00	0	0.00	0	0	0	0	0	0
Monaco	0	0.00	0	0.00	0	0	0	0	0	0
Morrocco	0	0.00	0	0.00	0	0	0	0	0	0
Oman	0	0.00	0	0.00	0	0	0	0	0	0
Palestine	0	0.00	0	0.00	0	0	0	0	0	0
Panama	0	0.00	0	0.00	0	0	0	0	0	0
Poland	0	0.02	0	0.00	1	0.01	0	0	1	0
Portugal	0	0.00	0	0.00	0	0	0	0	0	0
Qatar	0	0.00	0	0.00	0	0	0	0	0	0
Saint Kitts and Nevis	0	0.00	0	0.00	0	0	0	0	0	0
Saint Vincent and the Grenadines	0	0.00	0	0.00	0	0	0	0	0	0
Saudia Arabia	0	0.00	0	0.60	0	-1.2	0	0	0	-1
Sierra Leone	0	0.00	0	0.00	0	0	0	0	0	0
Slovenia	0	0.00	0	0.00	0	0	0	0	0	0
Spain	1	0.09	0	0.00	0	0.004	0	0	1	0
Sri Lanka	0	0.00	1	0.30	0	0	0	0	1	0
Sudan	0	0.00	0	0.00	0	0	0	0	0	0
Swaziland	0	0.00	0	0.00	0	0	0	0	0	0
Syrian Arab Republic	0	0.00	0	0.00	0	0	0	0	0	0
Turkmenistan	0	0.00	0	0.00	0	0	0	0	0	0
Turks & Caicos Islands	0	0.00	0	0.00	0	0	0	0	0	0
Uganda	0	0.00	0	0.02	0	0.019	0	0	0	0
United Arab Emirates	1	0.22	1	0.02	2	0.48	0	0	4	1
United States Virgin Islands	0	0.00	0	0.00	0	0	0	0.00	0	0
Uruguay	0	0.00	0	0.00	0	0	0	0	0	0
Venezuela	0	0.00	0	0.00	0	0	0	0	0	0
Belgium	0	0.00	2	0.09	1	0.3	0	0	3	0
Ghana	0	0.00	0	0.00	0	0.01	0	0	0	0
Republic of Moldova	0	0.00	0	0.00	1	0.33	-1	0	0	0
United Kingdom	1	1.22	1	0.08	4	6.92	4	-2	10	6
Total	153	1685.38	108	1413.20	261	2348.24	228	3431.78	750	8,879

Source: Ministry of Investment and Planning

Which sectors in Vietnam received FDI in April?

In April, the financial, banking, and insurance activities sector pipped the long-time leader, manufacturing and processing. The former pulled in US$1.5 billion in April and the latter saw an additional US$1.16 billion. In third place was professional, scientific and technical activities which brought in US$283 million.

FDI in Vietnam by sector, newly registered capital in April

	January		February		March		April		Total for 2023
Sector	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)
Financial, banking and insurance activities	1	5.22	0	0.00	4	6.25	0	1500.01	5	1,511.48
Manufacturing and processing	53	718.72	25	1453.85	72	1804.03	74	1159.11	224	5,135.71
Professional, scientific and technical activities	22	41.74	21	16.07	33	13.42	38	282.97	114	354.2
Real estate industry	4	60.85	2	336.00	9	368.91	3	206.18	18	971.94
Information and communication	16	26.71	10	2.92	35	19.76	21	128.57	82	177.96
Wholesale and retail; repair of motor vehicles and motorcycles	35	676.29	30	-474.23	72	73.49	67	96.12	204	371.67
Construction	3	63.72	3	7.72	5	34.35	2	15.11	13	120.9
Production, electricity, gas, steam and air conditioning supply	0	0.00	0	0.00	6	9.77	0	11.43	6	21.2
Accommodation and food service activities	4	2.85	4	3.04	5	5.35	6	7.34	19	18.58
Administrative and support service activities	2	-0.10	3	1.90	2	3.95	4	6.99	11	12.74
Agriculture, forestry and fishery	4	5.43	1	2.09	1	-5.71	0	5.91	6	7.72
Transportation and storage	7	82.92	3	58.93	13	8.92	4	5.58	27	156.35
Education and training	2	0.46	6	3.11	3	1.94	8	3.83	19	9.34
Arts, entertainment and recreation	0	0.00	0	0.62	1	4.61	0	2.03	1	7.26
Other service activities	0	0.48	0	0.00	0	0.12	1	0.15	1	0.75
Public health and social work activities	0	0.01	0	0.00	0	0.25	0	0.15	0	0.41
Mining and quarrying	0	0.04	0	0.00	0	0.16	0	0	0	0.2
Household’s chores employment activities	0	0.00	0	0.00	0	0.00	0	0	0	0
Water supply, sewerage, waste management and remediation activities	0	0.00	0	0.00	0	0.00	0	0	0	0.00
Total	153	1685.35	108	1412.01	261	2349.57	228	3431.48	750	8878.41

Source: Ministry of Investment and Planning

Which provinces received FDI in April and how much did they receive?

Hanoi was the best-performing province in terms of FDI in April. With an additional US$1.55 billion it was well ahead of the next biggest FDI drawer card, HCMC, which received US$482 million.

FDI in Vietnam by province, new registered capital in April

	January		February		March		April		2023 Totals
Location	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)
Hanoi	22	21.82	17	15.68	34	121.38	30	1,548.49	103	1,707.37
Ho Chi Minh City	50	179.04	53	190.06	113	128.43	91	482.12	307	979.65
Binh Duong	3	11.81	0	330.25	10	103.79	13	446.16	26	892.01
Long An	4	-15.55	2	56.62	11	140.76	6	258.03	23	439.86
Nghe An	1	0.35	0	0.00	1	164.6	3	122.00	5	286.95
Hai Duong	6	21.62	0	1.88	4	29.88	8	108.13	18	161.51
Bac Ninh	18	137.94	9	16.53	26	362.18	24	98.14	77	614.79
Quang Ninh	1	13.20	2	319.00	1	9.62	3	80.29	7	422.11
Thai Nguyen	2	14.80	0	0.00	2	29.12	5	78.15	9	122.07
Hung Yen	4	49.65	3	42.75	4	77.37	4	57.20	15	226.97
Vinh Phuc	2	1.08	0	0.00	3	29.88	2	43.14	7	74.10
Thanh Hoa	0	3.05	0	44.44	0	0	3	40.45	3	87.94
Dong Nai	10	154.28	0	61.40	8	391.35	4	38.70	22	645.73
Quang Ngai	0	2.89	0	0.00	0	9	1	31.80	1	43.69
Ha Nam	0	1.34	2	63.51	3	15	2	28.70	7	108.54
Hai Phong	3	79.17	3	106.74	12	269.56	7	23.67	25	479.14
Tay Ninh	1	58.13	4	23.00	0	20.91	1	23.13	6	125.17
Binh Dinh	0	-1.48	0	3.66	0	0	0	15.71	0	17.89
Tra Vinh	0	0	0	0	1	2.5	0	9.31	1	11.81
Da Nang	9	9.04	8	1.05	13	3.42	9	4.44	39	17.95
Ninh Binh	0	0.17	0	0.00	0	0	1	2.70	1	2.87
Phu Tho	1	8.50	0	5.98	0	23.23	0	2.26	1	39.97
Yen Bai	0	0.04	0	0.00	0	1.87	0	1.59	0	3.50
Tien Giang	0	0	0	0	1	7.77	1	0.40	2	8.17
Kien Giang	0	0	0	0	0	0.351	0	0.28	0	0.63
Ca Mau							0	0.21	0	0.21
Lam Dong	0	0.00	0	0.00	0	0.339	0	0.19	0	0.54
Khanh Hoa	0	0.55	0	0.31	0	0.15	1	0.09	1	1.10
Can Tho	0	7.76	0	39.21	0	0	1	0.06	1	47.03
Quang Nam	0	0.09	0	0.00	0	0.002	0	0.04	0	0.13
Dong Thap	0	0.00	0	0.35	0	0	0	0.00	0	0.35
Dak Lak	0	0.00	1	24.31	1	21.31	0	0.00	2	45.62
Ha Tinh	0	0.00	1	1.65	0	0	0	0.00	1	1.65
Hau Giang							0	0.00	0	0.00
Ninh Thuan	0	0	0	0	1	4	0	0.00	1	4.00
Quang Tri	0	0.30	0	0.00	0	0	0	0.00	0	0.30
Vinh Long	0	0.00	0	3.00	0	0.28	0	0.00	0	3.28
Binh Thuan	0	0.00	0	0.01	1	3.85	0	0.00	1	3.86
An Giang	0	0.32	0	7.00	0	0	0	0.00	0	7.32
Nam Dinh	0	0.00	0	0.20	1	22.97	0	0.00	1	23.17
Ben Tre	0	0	0	0	0	0.053	0	0.00	0	0.05
Thua Thien Hue	1	3.50	0	0.25	2	19.01	0	-0.11	3	22.65
Ba Ria – Vung Tau	3	115.86	0	4.39	0	4.81	1	-0.76	4	124.30
Binh Phuoc	4	14.19	1	12.33	4	37.1	0	-5.55	9	58.07
Thai Binh	0	0.00	1	4.00	1	13.21	0	-10.50	2	6.71
Bac Giang	8	791.88	1	32.46	3	280.52	7	-97.18	19	1,007.68
Total	153	1,685	108	1,412	261	2349.575	228	3431.473	46	8,878.40

Source: Ministry of Investment and Planning

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023, to April 20, 2023. The next data set is expected to be available from May 20, 2023.

March

Vietnam’s Ministry of Planning and Investment has released its March 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

Registered capital from foreign direct investment in Vietnam was just over US$2.35 billion in March. This brings Vietnam’s total FDI in 2023 to US$5.46 billion. This is around 60 percent of the FDI Vietnam received over the same period last year.

So, in March, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is to March 20, 2023.

Where did Vietnam’s FDI come from in March?

Gain intelligence about diversifying your Asia supply chain ⟶

Singapore topped the table in terms of FDI invested in Vietnam in March with an additional US$708 million. This brings its total for the year to date to almost US$1.7 billion. Singapore was followed by Hong Kong with an extra uS$347 million and then the Republic of Korea which added just over US$250 million worth of registered capital.

FDI in Vietnam by country, March

	January		February		March		2023 Totals
Country	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	Projects	Registered Capital ($USm)
Singapore	21	813.94	16	164.50	38	708.08	75	1,686.52
Hong Kong (China)	13	55.65	8	47.77	21	347.76	42	451.18
Republic of Korea	26	148.83	15	75.06	40	250.58	81	474.47
Samoa	1	35.06	0	6.70	4	214.08	5	255.84
China	29	265.57	16	76.10	32	210.10	77	551.77
Turkey	0	0.03	0	0.01	0	182.36	0	182.4
Japan	13	41.57	10	104.21	40	173.67	63	319.45
Taiwan (China)	9	139.16	5	267.90	19	70.38	33	477.44
USA	6	8.44	2	3.25	12	42.94	20	54.63
BritishVirginIslands	1	12.96	4	3.40	4	38.40	9	54.76
Seychelles	2	15.91	0	0.00	3	29.40	5	45.31
Italy	1	30.00	0	0.17	1	20.66	2	50.83
France	2	10.65	1	13.66	6	15.59	9	39.9
Netherlands	1	5.83	1	363.15	5	8.23	7	377.21
United Kingdom	1	1.22	1	0.08	4	6.92	6	8.22
Thailand	5	10.56	1	15.12	2	6.67	8	32.352
Russia	2	0.47	4	2.75	2	5.95	8	9.17
Barbados	0	0.00	0	0.00	1	5.00	1	5
Canada	0	0.35	1	0.28	1	2.65	2	3.28
Malaysia	3	0.11	0	1.69	4	1.85	7	3.65
Cayman Islands	0	1.90	1	97.73	0	1.66	1	101.29
Luxembourg	0	0.00	0	0.00	0	1.18	0	1.18
India	3	1.81	2	1.89	6	0.90	11	4.6
Nigeria	0	0.27	0	1.59	0	0.66	0	2.52
Australia	1	1.10	3	8.91	2	0.61	6	10.62
UAE	1	0.22	1	0.02	2	0.48	4	0.72
Moldova	0	0.00	0	0.00	1	0.33	1	0.33
Belgium	0	0.00	2	0.09	1	0.30	3	0.39
Mauritius	0	0.00	0	0.00	1	0.30	1	0.3
Pakistan	0	0.39	0	0.00	0	0.27	0	0.66
Ethiopia	0	0.00	0	0.00	0	0.25	0	0.25
Germany	2	0.52	2	0.19	1	0.15	5	0.86
Sweden	1	9.49	1	154.00	1	0.13	3	163.62
Cyprus	0	0.00	0	0.00	1	0.13	1	0.13
Denmark	0	0.06	3	0.29	0	0.13	3	0.48
Greece	0	0.00	0	0.00	0	0.11	0	0.11
Israel	1	60.00	0	0.08	1	0.10	2	60.18
Ukraine	0	0.00	0	0.00	0	0.10	0	0.1
Kazakhstan	1	0.11	0	0.00	0	0.07	1	0.18
Philippines	3	1.91	0	0.05	0	0.07	3	2.03
Afghanistan	0	0.00	0	0.00	0	0.05	0	0.05
Myanmar	0	0.00	0	0.00	1	0.04	1	0.04
Georgia	0	0.04	0	-0.04	0	0.04	0	0.04
Switzerland	1	10.17	1	0.10	2	0.03	4	10.3
Uganda	0	0.00	0	0.02	0	0.02	0	0.04
Ghana	0	0.00	0	0.00	0	0.01	0	0.01
Hungary	0	0.00	0	0.00	0	0.01	0	0.01
Serbia	0	0.00	0	0.00	0	0.01	0	0.01
Vanuatu	0	0.00	0	0.00	1	0.01	1	0.01
Yemen	0	0.00	0	0.00	0	0.01	0	0.01
Poland	0	0.02	0	0.00	1	0.01	1	0.03
Spain	1	0.09	0	0.00	0	0.00	1	0.09
Albania	0	0.00	0	0.00	0	0.00	0	0
Andorra	0	0.00	0	0.00	0	0.00	0	0
Angola	0	0.00	0	0.00	0	0.00	0	0
Anguilla	0	0.00	0	0.00	0	0.00	0	0
Antigua and Barbuda	0	0.00	0	0.00	0	0.00	0	0
Argentina	0	0.00	0	0.00	0	0.00	0	0
Armenia	0	0.00	0	0.00	0	0.00	0	0
Austria	0	0.00	0	0.00	0	0.00	0	0
Bahamas	0	0.00	0	0.00	0	0.00	0	0
Bangladesh	0	0.00	1	0.25	0	0.00	1	0.25
Belarus	0	0.00	0	0.00	0	0.00	0	0
Belize	0	0.00	0	0.00	0	0.00	0	0
Bermuda	0	0.00	0	0.00	0	0.00	0	0
Brazil	0	0.00	0	0.00	0	0.00	0	0
British Isles	0	0.00	0	0.00	0	0.00	0	0
British West Indies	0	0.00	0	0.00	0	0.00	0	0
Brunei Darussalam	0	0.00	0	0.00	0	0.00	0	0
Bulgaria	0	0.00	0	0.00	0	0.00	0	0
Cambodia	0	0.31	0	0.00	0	0.00	0	0.31
Cameroon	0	0.00	0	0.00	0	0.00	0	0
Channel Islands	0	0.00	0	0.00	0	0.00	0	0
Chile	0	0.00	0	0.00	0	0.00	0	0
Colombia	0	0.00	0	0.00	0	0.00	0	0
Congo	0	0.00	0	0.00	0	0.00	0	0
Cook Islands	0	0.00	0	0.00	0	0.00	0	0
Costa Rica	0	0.00	0	0.00	0	0.00	0	0
Ivory Coast	0	0.00	0	0.15	0	0.00	0	0.15
Cuba	0	0.00	0	0.00	0	0.00	0	0
Czech Republic	0	0.00	1	0.00	0	0.00	1	0
DPRK	0	0.00	0	0.00	0	0.00	0	0
Djibouti	0	0.00	0	0.00	0	0.00	0	0
Dominica	0	0.00	0	0.00	0	0.00	0	0
Ecuador	0	0.00	0	0.00	0	0.00	0	0
Egypt	0	0.00	1	0.26	0	0.00	1	0.26
El Salvador	0	0.00	0	0.00	0	0.00	0	0
Estonia	0	0.00	0	0.00	0	0.00	0	0
Finland	0	0.17	0	0.00	0	0.00	0	0.17
Grenada	0	0.00	0	0.00	0	0.00	0	0
Guam	0	0.00	0	0.00	0	0.00	0	0
Guatemala	0	0.00	0	0.00	0	0.00	0	0
Guernsey	0	0.00	0	0.00	0	0.00	0	0
Guinea	0	0.00	0	0.55	0	0.00	0	0.55
Honduras	0	0.00	0	0.00	0	0.00	0	0
Iceland	0	0.00	0	0.00	0	0.00	0	0
Indonesia	2	0.46	2	0.07	0	0.00	4	0.53
Iran	0	0.00	0	0.00	0	0.00	0	0
Iraq	0	0.00	0	0.00	0	0.00	0	0
Ireland	0	0.00	0	0.00	0	0.00	0	0
Island of Nevis	0	0.00	0	0.00	0	0.00	0	0
Isle of Man	0	0.00	0	0.00	0	0.00	0	0
Jordan	0	0.00	0	0.00	0	0.00	0	0
Kuwait	0	0.00	0	0.00	0	0.00	0	0
Laos	0	0.00	0	0.00	0	0.00	0	0
Lebanon	0	0.00	0	0.00	0	0.00	0	0
Lesotho	0	0.00	0	0.00	0	0.00	0	0
Libya	0	0.00	0	0.00	0	0.00	0	0
Macao	0	0.00	0	0.00	0	0.00	0	0
Maldives	0	0.00	0	0.00	0	0.00	0	0
Mali	0	0.00	0	0.00	0	0.00	0	0
Malta	0	0.00	1	0.01	0	0.00	1	0.01
Marshall Islands	0	0.00	0	0.00	0	0.00	0	0
Mexico	0	0.00	0	0.00	0	0.00	0	0
Monaco	0	0.00	0	0.00	0	0.00	0	0
Mongolia	0	0.00	0	0.00	0	0.00	0	0
Morocco	0	0.00	0	0.00	0	0.00	0	0
New Zealand	0	0.00	0	0.26	0	0.00	0	0.26
Norway	0	0.00	0	0.00	0	0.00	0	0
Oman	0	0.00	0	0.00	0	0.00	0	0
Palestine	0	0.00	0	0.00	0	0.00	0	0
Panama	0	0.00	0	0.00	0	0.00	0	0
Portugal	0	0.00	0	0.00	0	0.00	0	0
Qatar	0	0.00	0	0.00	0	0.00	0	0
Rumani	0	0.00	0	0.00	0	0.00	0	0
Saint Kitts & Nevis	0	0.00	0	0.00	0	0.00	0	0
Saint Vincent and the Grenadines	0	0.00	0	0.00	0	0.00	0	0
Sierra Leone	0	0.00	0	0.00	0	0.00	0	0
Slovakia	0	0.00	0	0.00	0	0.00	0	0
Slovenia	0	0.00	0	0.00	0	0.00	0	0
South Africa	0	0.00	0	0.00	0	0.00	0	0
Sri Lanka	0	0.00	1	0.30	0	0.00	1	0.3
Sudan	0	0.00	0	0.00	0	0.00	0	0
Swaziland	0	0.00	0	0.00	0	0.00	0	0
Syrian Arab Republic	0	0.00	0	0.00	0	0.00	0	0
Turkmenistan	0	0.00	0	0.00	0	0.00	0	0
Turks & Caicos Islands	0	0.00	0	0.00	0	0.00	0	0
United States Virgin Islands	0	0.00	0	0.00	0	0.00	0	0
Uruguay	0	0.00	0	0.00	0	0.00	0	0
Venezuela	0	0.00	0	0.00	0	0.00	0	0
Kenya	0	0.00	0	0.00	0	0.00	0	0
Latvia	0	0.02	0	0.00	0	0.00	0	0.02
Lithuania	0	0.00	0	0.02	0	0.00	0	0.02
Nepal	0	0.00	0	0.01	0	0.00	0	0.01
Saudi Arabia	0	0.00	0	0.60	0	-1.20	0	-0.6
Total	153	1,685.38	108	1,413.20	261	2,348.237	522	5,446.81

Which sectors in Vietnam received FDI in March?

Manufacturing and processing continued its winning streak in March taking home the lion’s share of FDI with just over US$1.8 billion in total. It was followed by the real estate sector which, though facing a number of challenges, is still popular with foreign investors, recording an extra US$367 million in FDI.

FDI in Vietnam by sector, new registered capital in March

	January		February		March		Total for 2023
Sector	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	Registered Capital ($USm)
Manufacturing and processing	53	718.72	25	1453.85	72	1804.03	150	3976.60
Real estate industry	4	60.85	2	336.00	9	368.91	15	765.76
Wholesale and retail; repair of motor vehicles and motorcycles	35	676.29	30	-474.23	72	73.49	137	275.55
Construction	3	63.72	3	7.72	5	34.35	11	105.79
Information and communication	16	26.71	10	2.92	35	19.76	61	49.39
Professional, scientific and technical activities	22	41.74	21	16.07	33	13.42	76	71.23
Production, electricity, gas, steam and air conditioning supply	0	0.00	0	0.00	6	9.77	6	9.77
Transportation and storage	7	82.92	3	58.93	13	8.92	23	150.77
Financial, banking and insurance activities	1	5.22	0	0.00	4	6.25	5	11.47
Accommodation and food service activities	4	2.85	4	3.04	5	5.35	13	11.24
Arts, entertainment and recreation	0	0.00	0	0.62	1	4.61	1	5.23
Administrative and support service activities	2	-0.10	3	1.90	2	3.95	7	5.75
Education and training	2	0.46	6	3.11	3	1.94	11	5.51
Public health and social work activities	0	0.01	0	0.00	0	0.25	0	0.26
Mining and quarrying	0	0.04	0	0.00	0	0.16	0	0.20
Other service activities	0	0.48	0	0.00	0	0.12	0	0.60
Household’s chores employment activities	0	0.00	0	0.00	0	0.00	0	0.00
Water supply, sewerage, waste management and remediation activities	0	0.00	0	0.00	0	0.00	0	0.00
Agriculture, forestry and fishery	4	5.43	1	2.09	1	-5.71	6	1.81
Total	153	1,685.35	108	1,412.01	261	2,349.57	522	5,446.93

Which provinces received FDI in March and how much did they receive?

Learn about our Location Analysis and Site Selection services ⟶

The most popular provinces for FDI in March were Dong Nai in the south and Bac Ninh and Bac Giang in Vietnam’s north. These three provinces recorded an additional US$391 million, US$362 million, and US$280 million, respectively.

FDI in Vietnam by province, new registered capital in March

	January		February		March		2023 Totals
Location	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)
Dong Nai	10	154.28	0	61.40	8	391.35	18	607.03
Bac Ninh	18	137.94	9	16.53	26	362.18	53	516.65
Bac Giang	8	791.88	1	32.46	3	280.52	12	1,104.86
Hai Phong	3	79.17	3	106.74	12	269.56	18	455.47
Nghe An	1	0.35	0	0.00	1	164.60	2	164.95
Long An	4	-15.55	2	56.62	11	140.76	17	181.83
Ho Chi Minh City	50	179.04	53	190.06	113	128.43	216	497.53
Hanoi	22	21.82	17	15.68	34	121.38	73	158.88
Binh Duong	3	11.81	0	330.25	10	103.79	13	445.85
Hung Yen	4	49.65	3	42.75	4	77.37	11	169.77
Binh Phuoc	4	14.19	1	12.33	4	37.10	9	63.62
Vinh Phuc	2	1.08	0	0.00	3	29.88	5	30.96
Hai Duong	6	21.62	0	1.88	4	29.88	10	53.38
Thai Nguyen	2	14.80	0	0.00	2	29.12	4	43.92
Phu Tho	1	8.50	0	5.98	0	23.23	1	37.71
Nam Dinh	0	0.00	0	0.20	1	22.97	1	23.17
Dak Lak	0	0.00	1	24.31	1	21.31	2	45.62
Tay Ninh	1	58.13	4	23.00	0	20.91	5	102.04
Thua Thien Hue	1	3.50	0	0.25	2	19.01	3	22.76
Ha Nam	0	1.34	2	63.51	3	15.00	5	79.84
Thai Binh	0	0.00	1	4.00	1	13.21	2	17.21
Quang Ninh	1	13.20	2	319.00	1	9.62	4	341.82
Quang Ngai	0	2.89	0	0.00	0	9.00	0	11.89
Tien Giang	0	0	0	0	1	7.77	1	7.77
Ba Ria – Vung Tau	3	115.86	0	4.39	0	4.81	3	125.06
Ninh Thuan	0	0	0	0	1	4	1	4
Binh Thuan	0	0.00	0	0.01	1	3.85	1	3.86
Da Nang	9	9.04	8	1.05	13	3.42	30	13.51
Tra Vinh	0	0	0	0	1	2.5	1	2.5
Yen Bai	0	0.04	0	0.00	0	1.87	0	1.91
Kien Giang	0	0	0	0	0	0.351	0	0.351
Lam Dong	0	0.00	0	0.00	0	0.34	0	0.343
Vinh Long	0	0.00	0	3.00	0	0.28	0	3.28
Khanh Hoa	0	0.55	0	0.31	0	0.15	0	1.01
Ben Tre	0	0	0	0	0	0.053	0	0.053
Quang Nam	0	0.09	0	0.00	0	0.00	0	0.092
Binh Dinh	0	-1.48	0	3.66	0	0.00	0	2.18
Dong Thap	0	0.00	0	0.35	0	0.00	0	0.35
Ha Tinh	0	0.00	1	1.65	0	0.00	1	1.65
Ninh Binh	0	0.17	0	0.00	0	0.00	0	0.17
Quang Tri	0	0.30	0	0.00	0	0.00	0	0.3
An Giang	0	0.32	0	7.00	0	0.00	0	7.32
Can Tho	0	7.76	0	39.21	0	0.00	0	46.97
Thanh Hoa	0	3.05	0	44.44	0	0.00	0	47.49
Total	153	1,685	108	1,412	261	2,349.575	522	5,446.929

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023 to March 20, 2023. The next data set is expected to be available from April 20, 2023.

February 2023

Vietnam’s Ministry of Planning and Investment has released its February 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

Registered capital from foreign direct investment in Vietnam was just over US$1.4 billion in February bringing the total for the year to just shy of US$3.1 billion. This is down 38 percent year-on-year.

It is, however, still a sizable investment and is attached to some 108 new projects spread around Vietnam.

So, in February, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is to February 20, 2023.

Where did Vietnam’s FDI come from in February?

Find success in your next M&A deal with our on-the-ground blended M&A advisory services ⟶

In February, the Netherlands took out first place with respect to the dollar value of their foreign direct investments in Vietnam. The relatively small European nation invested a relatively big US$363 million. The Netherlands was followed by Taiwan, with US$268 million, and then Singapore with US$165 million.

FDI in Vietnam by country, new registered capital in February

	January		February		2023 Totals
Country	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	Registered Capital ($USm)
Netherlands	1	5.83	1	363.15	2	368.98
Taiwan (China)	9	139.16	5	267.90	14	407.06
Singapore	21	813.94	16	164.50	37	978.44
Sweden	1	9.49	1	154.00	2	163.49
Japan	13	41.57	10	104.21	23	145.78
Cayman Islands	0	1.90	1	97.73	1	99.63
China	29	265.57	16	76.10	45	341.67
Republic of Korea	26	148.83	15	75.06	41	223.89
Hong Kong (China)	13	55.65	8	47.77	21	103.42
Thailand	5	10.56	1	15.12	6	25.68
France	2	10.65	1	13.66	3	24.31
Australia	1	1.10	3	8.91	4	10.01
Samoa	1	35.06	0	6.70	1	41.76
British Virgin Islands	1	12.96	4	3.40	5	16.36
United States of America	6	8.44	2	3.25	8	11.69
Russia	2	0.47	4	2.75	6	3.22
India	3	1.81	2	1.89	5	3.70
Malaysia	3	0.11	0	1.69	3	1.80
Nigeria	0	0.27	0	1.59	0	1.86
Saudia Arabia	0	0.00	0	0.60	0	0.60
Guinea	0	0.00	0	0.55	0	0.55
Sri Lanka	0	0.00	1	0.30	1	0.30
Denmark	0	0.06	3	0.29	3	0.35
Canada	0	0.35	1	0.28	1	0.63
Egypt	0	0.00	1	0.26	1	0.26
New Zealand	0	0.00	0	0.26	0	0.26
Bangladesh	0	0.00	1	0.25	1	0.25
Germany	2	0.52	2	0.19	4	0.71
Italy	1	30.00	0	0.17	1	30.17
Côte d’Ivoire	0	0.00	0	0.15	0	0.15
Switzerland	1	10.17	1	0.10	2	10.27
Belgium	0	0.00	2	0.09	2	0.09
United Kingdom	1	1.22	1	0.08	2	1.30
Israel	1	60.00	0	0.08	1	60.08
Indonesia	2	0.46	2	0.07	4	0.53
Philippines	3	1.91	0	0.05	3	1.96
Lithuania	0	0.00	0	0.02	0	0.02
Uganda	0	0.00	0	0.02	0	0.02
United Arab Emirates	1	0.22	1	0.02	2	0.24
Nepal	0	0.00	0	0.01	0	0.01
Turkey	0	0.03	0	0.01	0	0.04
Malta	0	0.00	1	0.01	1	0.01
Czech Republic	0	0.00	1	0.00	1	0.00
Cambodia	0	0.31	0	0.00	0	0.31
Finland	0	0.17	0	0.00	0	0.17
Kazakhstan	1	0.11	0	0.00	1	0.11
Latvia	0	0.02	0	0.00	0	0.02
Pakistan	0	0.39	0	0.00	0	0.39
Poland	0	0.02	0	0.00	0	0.02
Seychelles	2	15.91	0	0.00	2	15.91
Sierra Leone	0	0.00	0	0.00	0	0.00
Spain	1	0.09	0	0.00	1	0.09
Georgia	0	0.04	0	-0.04	0	0.00
Total	153	1685.375	108	1413.2	261	3,098.58

Which sectors in Vietnam received FDI in February?

Gain intelligence about diversifying your Asia supply chain ⟶

Yet again, manufacturing was the biggest draw card for foreign direct investment in Vietnam in February. With over US$1.4 billion worth of registered capital entering the sector it was almost quadruple its closest competitor, real estate, which received US$336 million.

FDI in Vietnam by sector, new registered capital in February

	January		February		Total for 2023
Sector	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)
Manufacturing and processing	53	718.72	25	1453.85	78	2172.57
Real estate industry	4	60.85	2	336.00	6	396.85
Transportation and storage	7	82.92	3	58.93	10	141.85
Professional, scientific and technical activities	22	41.74	21	16.07	43	57.81
Construction	3	63.72	3	7.72	6	71.44
Education and training	2	0.46	6	3.11	8	3.57
Accommodation and food service activities	4	2.85	4	3.04	8	5.89
Information and communication	16	26.71	10	2.92	26	29.63
Agriculture, forestry and fishery	4	5.43	1	2.09	5	7.52
Administrative and support service activities	2	-0.10	3	1.90	5	1.80
Arts, entertainment and recreation	0	0.00	0	0.62	0	0.62
Financial, banking and insurance activities	1	5.22	0	0.00	1	5.22
Household’s chores employment activities	0	0.00	0	0.00	0	0.00
Mining and quarrying	0	0.04	0	0.00	0	0.04
Other service activities	0	0.48	0	0.00	0	0.48
Production, electricity, gas, steam and air conditioning supply	0	0.00	0	0.00	0	0.00
Public health and social work activities	0	0.01	0	0.00	0	0.01
Water supply, sewerage, waste management and remediation activities	0	0.00	0	0.00	0	0.00
Wholesale and retail; repair of motor vehicles and motorcycles	35	676.29	30	-474.23	65	202.06
Total	153	1685.35	43	1412.01	261	3097.36

Which provinces received FDI in February and how much did they receive?

Learn about our Location Analysis and Site Selection services ⟶

Vietnam’s southern manufacturing hub, Binh Duong, received the most new registered capital in February with US$330 million. It was followed by Quang Ninh with US$319 million and then Ho Chi Minh City with US$190 million.

FDI in Vietnam by province, new registered capital in February

	January		February		2023 Totals
Location	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)	New Projects	New Registered Capital ($USm)
Binh Duong	3	11.81	0	330.25	3	342.06
Quang Ninh	1	13.20	2	319.00	3	332.20
Ho Chi Minh City	50	179.04	53	190.06	103	369.10
Hai Phong	3	79.17	3	106.74	6	185.91
Ha Nam	0	1.34	2	63.51	2	64.84
Dong Nai	10	154.28	0	61.40	10	215.68
Long An	4	-15.55	2	56.62	6	41.07
Thanh Hoa	0	3.05	0	44.44	0	47.49
Hung Yen	4	49.65	3	42.75	7	92.40
Can Tho	0	7.76	0	39.21	0	46.97
Bac Giang	8	791.88	1	32.46	9	824.34
Dak Lak	0	0.00	1	24.31	1	24.31
Tay Ninh	1	58.13	4	23.00	5	81.13
Bac Ninh	18	137.94	9	16.53	27	154.47
Hanoi	22	21.82	17	15.68	39	37.50
Binh Phuoc	4	14.19	1	12.33	5	26.52
An Giang	0	0.32	0	7.00	0	7.32
Phu Tho	1	8.50	0	5.98	1	14.48
Ba Ria – Vung Tau	3	115.86	0	4.39	3	120.25
Thai Binh	0	0.00	1	4.00	1	4.00
Binh Dinh	0	-1.48	0	3.66	0	2.18
Vinh Long	0	0.00	0	3.00	0	3.00
Hai Duong	6	21.62	0	1.88	6	23.50
Ha Tinh	0	0.00	1	1.65	1	1.65
Da Nang	9	9.04	8	1.05	17	10.09
Dong Thap	0	0.00	0	0.35	0	0.35
Khanh Hoa	0	0.55	0	0.31	0	0.86
Thua Thien hue	1	3.50	0	0.25	1	3.75
Nam Dinh	0	0.00	0	0.20	0	0.20
Binh Thuan	0	0.00	0	0.01	0	0.01
Nghe An	1	0.35	0	0.00	1	0.35
Quang Tri	0	0.30	0	0.00	0	0.30
Thai Nguyen	2	14.80	0	0.00	2	14.80
Vinh Phuc	2	1.08	0	0.00	2	1.08
Ninh Binh	0	0.17	0	0.00	0	0.17
Lam Dong	0	0.00	0	0.00	0	0.00
Quang Nam	0	0.09	0	0.00	0	0.09
Yen Bai	0	0.04	0	0.00	0	0.04
Quang Ngai	0	2.89	0	0.00	0	2.89
Total	150	1,673.54	108	1,412.00	261	3,097.35

About the FDI tracker data

This data is provided by the Ministry of Planning and Investment. It covers the period from January 1, 2023 to February 20, 2023. The next data set is expected to be available from March 20, 2023.

January 2023

Vietnam’s Ministry of Planning and Investment has released its January 2023 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

Vietnam’s FDI inflows started the year relatively slow. This, however, may be due to the Lunar New Year holiday which saw most of the country on holidays for a week mid-month.

That said, Vietnam did manage to kick-off 153 new projects with total registered capital of US$1.6 billion.

So, in January, where did Vietnam’s FDI come from? And where did it go?

Note: Data contained herein is from January 1 to January 20 only.

Where did Vietnam’s FDI come from in January?

Find success in your next M&A deal with our on-the-ground blended M&A advisory services ⟶

In terms of FDI, Singapore came out of the gate strongest in 2023 adding US$813 million in new registered capital (RC) and 21 new projects. Singapore was followed by China with US$265 in new RC and 29 projects. The Republic of Korea rounded out the top three with 26 new projects and US$148 million in new RC.

	January		All-time
Sector	New Projects	New RC ($USm)	Total Projects	Total RC ($USm)
Singapore	21	813.94	3,097	70,846.16
China	29	265.57	3,567	23,348.82
Republic of Korea	26	148.83	9,534	80,969.64
Taiwan (China)	9	139.16	2,905	36,433.74
Israel	1	60.00	*	*
Hong Kong (China)	13	55.65	2,164	29,492.77
Japan	13	41.57	4,978	68,897.17
Samoa	1	35.06	425	9,408.06
Italy	1	30.00	*	*
Seychelles	2	15.91	287	2,009.86
BritishVirginIslands	1	12.96	888	22,382.22
France	2	10.65	660	3,764.70
Thailand	5	10.56	677	13,098.25
Switzerland	1	10.17	198	1,890.86
Sweden	1	9.49	99	513.91
USA	6	8.44	1,216	11,415.00
Netherlands	1	5.83	410	13,713.70
Philippines	3	1.91	88	605.99
Cayman Islands		1.90	129	6,746.98
India	3	1.81	349	1,005.82
United Kingdom	1	1.22	507	4,194.96
Australia	1	1.10	583	1,979.58
Germany	2	0.520	441	2,371.48
Russia	2	0.47	164	965.83
Indonesia	2	0.46	106	638.88
Pakistan	0	0.39	65	34.24
Canada	0	0.35	244	4,819.20
Cambodia	0	0.31	32	68.72
Nigeria	0	0.27	40	3.89
United Arab Emirates	1	0.22	29	69.43
Finland	0	0.17	34	24.36
Malaysia	3	0.11	702	13,060.40
Kazakhstan	1	0.11	5	0.53
Spain	1	0.09	88	143.37
Denmark	0	0.06	155	1,787.21
Georgia	0	0.044	*	0.044
Turkey	0	0.03	34	791.88
Latvia	0	0.021	1	0.09
Poland	0	0.02	29	422.97
Afghanistan			5	0.43
Albania			1	1.24
Andorra			1	3.80
Angola			4	118.40
Anguilla			25	181.29
Antigua and Barbuda			2	0.31
Argentina			5	0.16
Armenia			4	16.60
Austria			43	148.59
Bahamas			8	106.31
Bangladesh			17	0.92
Barbados			2	2.75
Belarus			3	32.25
Belgium			82	1,097.32
Belize			36	303.77
Bermuda			13	587.43
Brazil			6	3.83
British Isles			1	0.10
British West Indies			20	975.66
Brunei Darussalam			157	971.07
Bulgaria			13	31.30
Cameroon			5	0.20
Channel Islands			9	38.08
Chile			4	0.30
Colombia			1	0.01
Congo			1	0.02
Cook Islands			2	172.00
Costa Rica			4	13.12
Cuba			4	7.03
Cyprus			26	469.47
Czechia			41	92.40
Republic of Korea**			5	1.20
Djibouti			1	0.02
Dominica			2	8.04
Ecuador			4	56.70
Egypt			18	2.67
El Salvador			2	22.50
Estonia			5	0.28
Ethiopia			1	0.01
Ghana			2	1.02
Greece			6	0.12
Grenada			1	0.15
Guam			1	0.50
Guatemala			4	3.22
Guernsey			1	0.01
Guinea			1	0.01
Honduras			3	0.11
Hungary			22	72.28
Iceland			3	20.32
Iran (Islamic Republic of)			7	0.11
Iraq			6	27.28
Ireland			37	43.71
Island of Nevis			2	10.28
Isle of Man			1	35.00
Jordan			5	1.00
Kenya			1	40.77
Kuwait			3	1.40
Laos			10	71.11
Lebanon			8	0.78
Lesotho			1	0.01
Libya			3	0.25
Lithuania			7	21.09
Luxembourg			61	2,623.32
Macao			18	193.47
Maldives			1	0.23
Mali			2	0.32
Malta			2	0.70
Marshall Islands			20	318.12
Mauritius			61	429.64
Mexico			5	0.19
Monaco			1	0.21
Mongolia			3	1.10
Morrocco			3	1.07
Myanmar			3	0.91
Nepal			5	0.35
New Zealand			51	210.60
Norway			54	192.78
Oman			3	20.77
Palestine			2	0.13
Panama			14	52.49
Portugal			*	*
Qatar			1	3.23
Republic of Moldova			1	0.01
Rumani			4	1.51
Saint Kitts and Nevis			3	39.89
Saint Vincent and the Grenadines			5	48.90
Saudia Arabia			7	9.87
Serbia			2	1.58
Sierra Leone			1	0.03
Slovakia			14	140.83
Slovenia			3	2.27
South Africa			20	0.68
Sri Lanka			27	40.94
Sudan			3	0.31
Swaziland			1	45.00
Syrian Arab Republic			6	1.28
Turkmenistan			1	0.07
Turks & Caicos Islands			2	3.10
Uganda			3	0.09
Ukraina			26	30.03
United States Virgin Islands			3	38.92
Uruguay			2	0.14
Venezuela			3	0.52
Yemen			4	0.17
Total	153	1,685.35	36,099	438,194.60

*No data supplied.

**The Republic of Korea appears twice per MoPI’s dataset

Which sectors in Vietnam received FDI in January?

Gain intelligence about diversifying your Asia supply chain ⟶

The manufacturing sector, in January, was Vietnam’s biggest FDI drawcard with 53 new projects and an additional total registered capital of US$718 million. Manufacturing was followed by ‘wholesale and retail; repair of motor vehicles and motorcycles’ with US$676 in new RC and then construction came a distant third, with three new projects and US$63 million in additional registered capital.

	January		All-time
Sector	New Projects	New RC ($USm)	Total Projects	Total RC ($USm)
Manufacturing and processing	53	718.72	16,014	261,534.35
Wholesale and retail; repair of motor vehicles and motorcycles	35	676.29	6,178	10,968.82
Transportation and storage	7	82.92	993	6,254.35
Construction	3	63.72	1,790	11,024.71
Real estate industry	4	60.85	1,076	66,347.87
Professional, scientific and technical activities	22	41.74	4,133	4,966.02
Information and communication	16	26.71	2,705	4,938.03
Agriculture, forestry and fishery	4	5.43	528	3,859.57
Financial, banking and insurance activities	1	5.22	89	945.05
Accommodation and food service activities	4	2.85	935	12,681.66
Other service activities	0	0.48	146	724.15
Education and training	2	0.46	627	4,590.96
Mining and quarrying	0	0.04	108	4,894.57
Public health and social work activities	0	0.01	154	1,753.79
Production, electricity, gas, steam and air conditioning supply	0	0.00	185	38,317.63
Administrative and support service activities	2	-0.10	566	1,039.81
Arts, entertainment and recreation			140	3,418.60
Household’s chores employment activities			7	11.07
Water supply, sewerage, waste management and remediation activities			84	3,042.93
Total	153	1685.35	35,523	428,632.29

Which provinces received FDI in January and how much did they receive?

Learn about our Location Analysis and Site Selection services ⟶

The leading province for FDI in January was Bac Giang in Vietnam’s north with eight new projects and new RC of US$791 million. Bac Giang was followed by Ho Chi Minh City in the south with US$179 million in new RC and then Dong Nai, a key manufacturing hub for big brands like Adidas and Nike, with US$154 million.

	January		All-time
Province	New Projects	New RC ($USm)	Total Projects	Total RC ($USm)
Bac Giang	8	791.88	595	9,382.47
Ho Chi Minh City	50	179.04	11,272	55,828.96
Dong Nai	10	154.28	1,818	34,992.05
Bac Ninh	18	137.94	1,819	23,170.76
Ba Ria – Vung Tau	3	115.86	533	33,304.09
Hai Phong	3	79.17	982	25,274.13
Tay Ninh	1	58.13	363	9,155.05
Hung Yen	4	49.65	533	6,620.40
Hanoi	22	21.82	7,019	38,743.15
Hai Duong	6	21.62	507	9,148.14
Thai Nguyen	2	14.80	197	10,448.39
Binh Phuoc	4	14.19	413	3,971.80
Quang Ninh	1	13.20	159	10,172.66
Binh Duong	3	11.81	4,074	39,633.40
Da Nang	9	9.04	927	6,138.81
Phu Tho	1	8.50	217	3,099.49
Can Tho		7.76	86	2,222.86
Thua Thien Hue	1	3.50	130	4,239.03
Thanh Hoa		3.05	174	14,798.91
Quang Ngai		2.89	63	2,124.71
Ha Nam		1.34	374	5,327.52
Vinh Phuc	2	1.08	502	6,742.20
Khanh Hoa		0.55	119	4,395.09
Nghe An	1	0.35	25	2,523.91
An Giang		0.32	31	317.31
Quang Tri		0.30	125	2,481.57
Ninh Binh		0.17	94	1,602.84
Quang Nam		0.09	224	6,336.69
Yen Bai		0.04	35	456.85
Lam Dong		0.00	102	514.62
Binh Dinh		(1.48)	99	1,203.46
Long An	4	(15.55)	1,293	12,912.83
Bac Kan			4	7.90
Bac Lieu			15	4,490.06
Ben Tre			65	1,585.02
Binh Thuan			158	3,838.76
Ca Mau			11	157.83
Cao Bang			16	30.63
Dak Lak			27	642.12
Dak Nong			20	311.87
Dien Bien			1	3.00
Dong Thap			21	231.58
Gia Lai			8	92.09
Ha Giang			6	4.15
Ha Tinh			80	12,014.24
Hau Giang			30	686.09
Hoa Binh			51	720.14
Kien Giang			63	4,810.15
Kon Tum			9	245.36
Lai Chau			1	1.50
Lang Son			42	240.36
Lao Cai			32	582.63
Nam Dinh			130	3,713.29
Ninh Thuan			112	1,664.43
Petroleum			50	2,768.69
Phu Yen			51	2,034.81
Quang Binh			24	1,116.28
Soc Trang			16	340.61
Son La			10	135.73
Thai Binh			56	1,735.14
Tien Giang			138	2,799.66
Tra Vinh			38	3,188.03
Tuyen Quang			18	208.82
Vinh Long			71	1,007.16
Total	153	1,685	36,278	438,692

About the FDI tracker data

Data used to compile the FDI tracker come from the Ministry of Investment and Planning. This data covers the period from January 1 to January 20.

December 2022

Vietnam’s Ministry of Planning and Investment has released its December 2022 report on foreign direct investment (FDI). Here’s how Vietnam’s FDI sector is faring.

December of 2022 was another good month in terms of foreign direct investment for Vietnam. In total it clocked an additional 224 new projects, bringing its total for the year to 2,036. It also received just over an additional US$2.5 billion in registered capital, bringing its total for the year to US$27.72 billion.

So, in December, where did Vietnam’s FDI come from? And where did it go?

Where did Vietnam’s FDI come from in December?

Korea, Singapore, and Hong Kong, in that order, topped Vietnam’s FDI source countries in December 2022. Between them they kicked off 108 new projects around Vietnam. They also contributed the lion’s share of new registered capital with a combined total of just over US$1.7 billion.

	New Projects			Registered Capital ($USm)
Country	NOV	DEC	YTD	NOV	DEC	YTD
Singapore	40	32	280	321.44	678.61	6,455.01
Republic of Korea	51	41	416	151.3	754.34	4,879.01
Japan	17	20	203	288.95	177.58	4,781.39
China	36	35	283	482.62	270.66	2,518.01
Hong Kong	17	14	134	165.66	285.33	2,223.88
Denmark	0	1	8	0	0.86	1,320.31
Taiwan	12	11	86	38.87	104.44	1,351.62
United States of America	6	13	91	0.54	35.17	748.17
Netherlands	0	2	31	0	7.20	702.19
BritishVirginIslands	3	2	25	80.17	96.16	607
Thailand	4	3	37	0.27	14.00	198.86
Samoa	3	3	20	4.8	66.06	305.77
Cayman Islands	0	3	4	0	2.24	222.62
Bermuda	0	0	2	0	0.00	180.28
Malaysia	6	1	38	4.63	0.38	185.18
France	1	4	26	0	19.60	164.94
United Kingdom	6	6	53	0.82	1.45	134.66
Seychelles	0	4	19	0	14.50	114.136
Germany	2	3	32	0.06	33.79	117.07
Australia	3	2	36	0.23	2.89	71.25
Canada	3	1	14	4.92	0.68	57.34
Luxembourg	1	1	4	11.1	0.20	41.42
Indonesia	0	1	4	0	0.02	31.13
India	6	3	42	0.2	1.08	31.77
Brunei Darussalam	0	0	1	0	0.00	28.55
Poland	0	0	3	0	0.00	22.58
Cambodia	0	1	2	0	0.01	17.95
Spain	0	0	5	0	0.02	16.18
Russia	2	0	12	0.06	4.35	20.35
Sweden	1	0	6	30	0.18	43.93
Philippines	0	0	3	0	0.66	14.52
Marshall Islands	1	0	7	1.2	0.00	13.97
Italia	1	1	10	0.12	0.16	11.58
Switzerland	2	1	16	0.25	0.13	11.12
Nigeria	1	0	1	0.12	1.10	11.53
Mauritius	0	0	2	0	0.00	6.55
United States Virgin Islands	0	0	0	0	0.00	4.77
Hungary	2	0	3	2.07	0.00	5.56
Austria	1	0	6	0.05	0.00	2.87
Ireland	0	3	9	0	0.12	2.65
Laos	0	0	0	0	0.00	2.09
Ukraina	0	0	0	0	0.00	1.68
Pakistan	0	2	3	0	0.46	2.28
New Zealand	3	0	5	0.67	0.00	3.03
Belize	0	2	2	0	5.23	6.64
Finland	0	0	2	0	0.13	1.4
Belgium	0	0	1	0	0.25	1.49
Czechia	1	0	2	0.02	0.64	1.79
Sri Lanka	0	0	1	0	0.00	1.16
Yemen	0	0	0	0	0.00	1.09
Saint Kitts and Nevis	0	0	0	0	0.00	0.91
Cuba	0	0	0	0	0.00	0.9
Cyprus	0	1	3	0	0.17	1.03
Israel	0	0	1	0	0.00	0.76
South Africa	1	0	3	0.1	0.12	0.94
Côte d’Ivoire	0	0	0	0	0.00	0.69
United Arab Emirates	1	0	2	0.02	0.06	0.74
Bangladesh	0	0	1	0	0.00	0.63
Egypt	0	0	1	0	0.14	0.71
Turkey	1	2	5	0.15	0.14	0.85
Kazakhstan	0	0	0	0	0.00	0.55
Saint Vincent and the Grenadines	0	0	0	0	0.00	0.45
Afghanistan	1	1	2	0.02	1.12	1.14
Bahamas	0	0	0	0	0.00	0.42
Vanuatu	0	0	0	0	0.00	0.36
Syrian Arab Republic	0	0	0	0	0.51	0.83
Norway	0	3	4	0	0.24	0.55
Sudan	0	0	0	0	0.00	0.3
Burkina Faso	0	0	0	0	0.00	0.28
Guinea	0	0	0	0	0.00	0.27
Rumani	0	0	1	0	0.00	0.26
Dominica	0	0	0	0	0.00	0.24
Lebanon	0	0	2	0	0.00	0.22
Greece	0	0	1	0	0.00	0.22
Iran (Islamic Republic of)	1	0	2	0.03	0.15	0.35
Grenada	0	0	1	0	0.00	0.149
Portugal	0	0	0	0	0.00	0.142
Algeria	0	0	0	0	0.00	0.19
Antigua and Barbuda	0	0	0	0	0.00	0.135
Libya	0	0	1	0	0.00	0.132
Colombia	0	0	0	0	0.00	0.13
Venezuela	0	0	1	0	0.00	0.123
Myanmar	0	0	2	0	0.00	0.11
Ethiopia	0	0	0	0	0.00	0.106
Malta	0	0	1	0	0.00	0.1
Chile	0	0	0	0	0.00	0.087
Latvia	0	0	0	0	0.20	0.29
Belarus	0	0	0	0	0.00	0.068
Uganda	0	0	1	0	0.00	0.05
Albania	0	0	0	0	0.00	0.048
Jordan	0	0	1	0	0.00	0.044
Armenia	1	0	2	0.097	0.00	0.27
Kyrgyzstan	0	0	0	0	0.00	0.034
Tunisia	0	0	0	0	0.00	0.033
Bulgaria	1	1	3	0.06	0.10	0.18
Iceland	0	0	0	0	0.00	0.01
Nepal	0	0	0	0	0.00	0.01
Djibouti	0	0	0	0	0.00	0.009
Estonia	0	0	0	0	0.00	0.007
Republic of Moldova	0	0	1	0	0.00	0.005
Cameroon	0	0	1	0	0.00	0.005
Isle of Man	0	0	0	0	0.00	0.004
Slovenia	0	0	0	0	0.00	0.004
Macao	0	0	0	0	0.00	0.21
Lithuania	1	0	1	0.084	0.00	0.084
Brazil	1	0	1	0.019	0.00	0.029
Argentina	1	0	1	0.01	0.00	0.01
Total	242	224	2036	1591.73	2583.63	27,717.73

Which sectors in Vietnam received FDI in December?

Vietnam’s manufacturing and processing sector maintained its lead in terms of attracting FDI, in December with US$1.8 billion. It was followed closely by real estate (US$263) which only just came in before professional, scientific and technical services (US$262).

	New Projects			Registered Capital ($USm)
Sector	NOV	DEC	YTD	NOV	DEC	YTD
Manufacturing and processing	55	67	511	1150.78	1837	16801.5
Real estate	6	8	75	266.88	263	4451.4
Production, electricity, gas, steam and air conditioning supply	0	2	11	0	2	2261.5
Professional, scientific and technical services	37	32	331	53.52	262	1289.3
Wholesale and retail; repair of motor vehicles and motorcycles	72	69	611	43.08	93	1010.7
Information and communication	32	20	241	3.75	48	655.2
Transportation and storage	13	3	72	66.88	6	438.9
Education and training	10	5	36	2.13	2	253.4
Construction	4	2	32	0.77	16	247.5
Agriculture, forestry and fishery	0	2	12	0	3	68.0
Administrative and support service activities	10	6	54	3.71	9	63.7
Financial, banking and insurance activities	0	2	8	0	31	57.7
Mining and quarrying	0	0	1	0	0	19.1
Water supply, sewerage, waste management and remediation activities	0	0	3	0	-4	57.3
Public health and social work activities	0	1	2	0	10	21.2
Other service activities	0	0	2	0	0	5.9
Arts, entertainment and recreation	0	0	1	0	0	3.9
Accommodation and food service activities	3	5	33	0.2	11	11.4
Household’s chores employment activities		0			1	0.6
Total	242	224	2036	1591.7	2582.88	27718.12

Which provinces received FDI in December and how much did they receive?

Ba Ria – Vung Tau came in first in December receiving US$469 million in FDI. It was followed closely by the port city of Hai Phong with US$425 million, with HCMC rounding out the top 3 with a little over US$400 million.

	New Projects			Registered Capital ($USm)
Province	NOV	DEC	YTD	NOV	DEC	YTD
Ho Chi Minh City	114	86	893	33.77	400.66	3,940.40
Binh Duong	6	4	68	6.68	111.32	3,142.67
Quang Ninh	0	0	9	0	182.61	2,368.16
Bac Ninh	22	27	147	106.5	197.78	2,243.90
Thai Nguyen	0	0	5	293.19	-282.19	1,545.62
Hai Phong	12	11	91	111.75	425.61	1,963.23
Hanoi	37	42	365	20.47	186.58	1,705.84
Dong Nai	7	8	51	68.67	39.93	1,252.09
Bac Giang	7	3	36	109.86	139.96	1,214.63
Long An	7	7	61	107.39	44.83	846.38
Nghe An	2	3	19	275.23	7.63	890.67
Hung Yen	2	5	21	98.73	14.26	746.1
Ba Ria – Vung Tau	2	1	17	4.4	468.64	954.23
Phu Tho	2	1	8	215	9.4	700.67
Ha Nam	4	2	19	52.55	51.6	528.21
Tay Ninh	2	2	18	220.5	90.5	698.32
Hai Duong	1	3	17	3	29.78	370.61
Ha Tinh	0	0	1	0	0	276.13
Binh Phuoc	1	-1	33	1	-22.16	225.89
Thua Thien hue	1	1	6	0.1	0.08	197.5
Can Tho	1	1	6	0	2.11	185.97
Da Nang	3	5	47	0.55	0.63	133.99
Thai Binh	1	1	8	2	150	307.87
Vinh Phuc	1	5	28	0.5	125.27	244.52
Soc Trang	0	0	2	0	20	116.38
Ninh Thuan	0	0	1	0	0.13	87.56
Quang Ngai	0	1	4	0	6	86.92
Thanh Hoa	2	0	7	24.33	0	97.51
Ninh Binh	0	0	5	0	0	67.37
Nam Dinh	1	1	7	4.8	-0.2	57.6
Tien Giang	0	0	9	0	173.04	221.76
Vinh Long	2	0	4	83.54	-3.3	155.95
Quang Nam	1	0	5	39.3	0	79.25
Binh Dinh	0	1	2	0	3.83	34.21
Binh Thuan	0	0	2	0	0	24.79
An Giang	0	0	2	0	0	24.64
Bac Lieu	0	0	1	0	0	-60.95
Yen Bai	0	0	3	0	0.01	9.71
Khanh Hoa	0	0	1	0	0.01	8.69
Lam Dong	0	1	1	0	0.05	-6.31
Dak Lak	0	2	2	0	5.65	10.83
Tra Vinh	0	0	1	0	0	3.03
Ben Tre	1	0	1	1.08	0	2.86
Kien Giang	0	1	1	0	2.64	4.67
Lang Son	0	0	0	0	0	1.72
Hoa Binh	0	0	0	0	0.21	1.44
Tuyen Quang	0	0	0	0	0	0.86
Dak Nong	0	0	0	0	0	0.62
Kon Tum	0	0	0	0	0	0.57
Quang Tri	0	0	0	0	0	0.47
Hau Giang	0	0	1	0	0	0.29
Ca Mau	0	0	0	0	0	0.14
Phu Yen	0	0	0	0	0	1.83
Gia Lai	0	0	0	0	0	0.11
	242	224	2036	1884.89	2582.9	27,718.12

About these FDI numbers

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.

November 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?

Jump to: FDI by source country | FDI by sector | FDI by province

Where did Vietnam’s FDI come from in November?

Find success in your next M&A deal with our on-the-ground blended M&A advisory services ⟶

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 Projects		Registered Capital ($USm)
Country	Nov’	YTD	Nov’	YTD
Singapore	40	248	432.11	5,776.40
Japan	17	183	412.76	4,603.81
Republic of Korea	51	375	217.60	4,124.67
China	36	248	540.36	2,247.35
Hong Kong	17	120	576.30	1,938.55
Denmark	0	7	-2.00	1,319.45
Taiwan	12	75	377.88	1,247.18
United States of America	6	78	10.32	713
Netherlands	0	29	7.13	694.99
BritishVirginIslands	3	23	102.73	510.84
Thailand	4	34	-72.38	184.86
Samoa	3	17	4.8	239.71
Cayman Islands	0	1	0.01	220.38
Bermuda	0	2	0	180.28
Malaysia	6	37	7.33	184.8
France	1	22	1.25	145.34
United Kingdom	6	47	7.36	133.21
Seychelles	0	15	1.13	99.64
Germany	2	29	3.343	83.278
Australia	3	34	3.39	68.36
Canada	3	13	5.16	56.66
Luxembourg	1	3	-2.65	41.22
Indonesia	0	3	0	31.11
India	6	39	0.86	30.69
Brunei Darussalam	0	1	0.01	28.55
Poland	0	3	0.03	22.58
Cambodia	0	1	0	17.94
Spain	0	5	0	16.16
Russia	2	12	0.74	16
Sweden	1	6	30	43.75
Philippines	0	3	0.14	13.86
Marshall Islands	1	7	1.2	13.97
Italy	1	9	0.15	11.42
Switzerland	2	15	0.33	10.99
Nigeria	1	1	0.71	10.43
Mauritius	0	2	0	6.55
United States Virgin Islands	0	0	0	4.77
Hungary	2	3	2.07	5.56
Austria	1	6	0.1	2.87
Ireland	0	6	0.04	2.53
Laos	0	0	0	2.09
Ukraine	0	0	0	1.68
Pakistan	0	1	0.21	1.82
New Zealand	3	5	1.52	3.03
Belize	0	0	0	1.41
Finland	0	2	0	1.27
Belgium	0	1	0	1.24
Czech Republic	1	2	0.02	1.15
Sri Lanka	0	1	0.14	1.16
Yemen	0	0	0.09	1.09
Saint Kitts and Nevis	0	0	0	0.91
Cuba	0	0	0	0.9
Cyprus	0	2	0	0.86
Israel	0	1	0.01	0.76
South Africa	1	3	0.1	0.82
Côte d’Ivoire	0	0	0	0.69
United Arab Emirates	1	2	0.02	0.68
Bangladesh	0	1	0.06	0.63
Egypt	0	1	0	0.57
Turkey	1	3	0.15	0.71
Kazakhstan	0	0	0	0.55
Saint Vincent and the Grenadines	0	0	0	0.45
Afghanistan	1	1	-0.41	0.02
Bahamas	0	0	0	0.42
Vanuatu	0	0	0	0.36
Syrian Arab Republic	0	0	0	0.32
Norway	0	1	0	0.31
Sudan	0	0	0	0.3
Burkina Faso	0	0	0	0.28
Guinea	0	0	0	0.27
Rumani	0	1	0	0.26
Dominica	0	0	0	0.24
Lebanon	0	2	0	0.22
Greece	0	1	0	0.22
Iran (Islamic Republic of)	1	2	0.02	0.2
Grenada	0	1	0	0.15
Portugal	0	0	0	0.142
Algeria	0	0	0.051	0.19
Antigua and Barbuda	0	0	0	0.135
Libya	0	1	0	0.132
Colombia	0	0	0	0.13
Venezuela	0	1	0	0.123
Myanmar	0	2	0	0.11
Ethiopia	0	0	0	0.106
Malta	0	1	0	0.1
Chile	0	0	0	0.087
Latvia	0	0	0	0.087
Belarus	0	0	0	0.068
Uganda	0	1	0	0.05
Albania	0	0	0	0.048
Jordan	0	1	0	0.044
Armenia	1	2	0.227	0.27
Kyrgyzstan	0	0	0	0.034
Tunisia	0	0	0	0.033
Bulgaria	1	2	0.06	0.08
Iceland	0	0	0	0.01
Nepal	0	0	0	0.01
Djibouti	0	0	0	0.009
Estonia	0	0	0	0.007
Republic of Moldova	0	1	0	0.005
Cameroon	0	1	0	0.005
Isle of Man	0	0	0	0.004
Slovenia	0	0	0	0.004
Macao	0	0	0.21	0.21
Lithuania	1	1	0.084	0.084
Brazil	1	1	0.029	0.029
Argentina	1	1	0.01	0.01
Total	242	1812	2,674.05	25,135.24

See also:

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 Projects		Registered Capital ($US)
Sector	Nov’	YTD	Nov’	YTD
Manufacturing and processing	55	444	2,046.85	14,964.31
Real estate activities	6	67	316.08	4,188.78
Production, electricity, gas, steam and air conditioning supply	0	9	-28.26	2,259.45
Professional, scientific and technical activities	37	299	99.05	1027.14
Wholesale and retail; repair of motor vehicles and motorcycles	72	542	64.23	917.4
Information and communication	32	221	16.18	607.44
Transportation and storage	13	69	68.63	432.56
Education and training	10	31	12.46	251.2
Construction	4	30	3.19	231.53
Agriculture, forestry and fishery	0	10	0.02	64.6
Administrative and support service activities	10	48	10.35	55.12
Financial, banking and insurance activities	0	6	1.25	26.37
Mining and quarrying	0	1	0	19.06
Water supply, sewerage, waste management and remediation activities	0	3	44.86	61.71
Public health and social work activities	0	1	0	10.74
Other service activities	0	2	0.17	5.92
Arts, entertainment and recreation	0	1	2.13	3.85
Accommodation and food service activities	3	28	9.34	0.55
Total	242	1812	2,674.05	25,135.24

See also:

Which provinces received FDI in November and how much did they receive?

Learn about our Location Analysis and Site Selection services ⟶

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 Projects		Registered Capital ($USm)
Province	Nov’	YTD	Nov’	YTD
Ho Chi Minh City	114	807	115.72	3,539.74
Binh Duong	6	64	177.00	3,031.35
Quang Ninh	0	9	0.00	2,185.55
Bac Ninh	22	120	143.51	2,046.12
Thai Nguyen	0	5	293.19	1,827.81
Hai Phong	12	80	228.56	1,537.62
Hanoi	37	323	236.73	1,519.26
Dong Nai	7	43	93.96	1,212.16
Bac Giang	7	33	124.76	1,074.67
Long An	7	54	127.38	801.55
Nghe An	2	16	275.35	883.04
Hung Yen	2	16	141.39	731.84
Ba Ria 0 Vung Tau	2	16	6.67	485.59
Phu Tho	2	7	226.5	691.27
Ha Nam	4	17	56.65	476.61
Tay Ninh	2	16	252.21	607.82
Hai Duong	1	14	9.25	340.83
Ha Tinh	0	1	0	276.13
Binh Phuoc	1	34	31.8	248.05
Thua Thien hue	1	5	0.1	197.42
Can Tho	1	5	0.01	183.86
Da Nang	3	42	2.49	133.36
Thai Binh	1	7	28.1	157.87
Vinh Phuc	1	23	3.5	119.25
Soc Trang	0	2	1.8	96.38
Ninh Thuan	0	1	0	87.43
Quang Ngai	0	3	0	80.92
Thanh Hoa	2	7	24.41	97.51
Ninh Binh	0	5	0	67.37
Nam Dinh	1	6	7.96	57.8
Tien Giang	0	9	0	48.72
Vinh Long	2	4	111.03	159.25
Quang Nam	1	5	39.34	79.25
Binh Dinh	0	1	1.52	30.38
Binh Thuan	0	2	0	24.79
An Giang	0	2	1.5	24.64
Bac Lieu	0	1	-79.3	-60.95
Yen Bai	0	3	0	9.7
Khanh Hoa	0	1	0.68	8.68
Lam Dong	0	0	-13.07	-6.36
Dak Lak	0	0	0.18	5.18
Tra Vinh	0	1	0	3.03
Ben Tre	1	1	1.08	2.86
Kien Giang	0	0	0.28	2.03
Lang Son	0	0	0	1.72
Hoa Binh	0	0	0	1.23
Tuyen Quang	0	0	0	0.86
Dak Nong	0	0	0	0.62
Kon Tum	0	0	0	0.57
Quang Tri	0	0	0	0.47
Hau Giang	0	1	0.08	0.29
Ca Mau	0	0	0	0.14
Phu Yen	0	0	1.69	1.83
Gia Lai	0	0	0	0.11
Total	242	1812	2,674.05	25,135.24

See also:

FDI statistics in Vietnam

FAQ - FDI in Vietnam

How much FDI does Vietnam attract?

In the first 11 months of 2022 Vietnam attracted US$25.1 billion.

Which country invests most in Vietnam?

The country that invests most in Vietnam is the Republic of South Korea. As of November, 2022, the RoK had invested over US$80 billion in foreign direct investment projects in Vietnam

Why is FDI important to Vietnam?

FDI in Vietnam is important to Vietnam because Vietnam lacks capital and a number of critical skills needed to properly develop its economy. FDI provides capital, builds manufacturing plants and facilities, and provides millions of jobs for Vietnamese people.

About Us

Vietnam Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Eurasia, including ASEAN, China, India, Indonesia, Russia & the Silk Road. For editorial matters please contact us here and for a complimentary subscription to our products, please click here.

Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at vietnam@dezshira.com or visit us at www.dezshira.com

Top Articles in Economy & Trade

Top Articles in Industries

Top Articles in Tax & Accounting

Top Articles in Legal & Regulatory

Top Articles in HR & Payroll

Vietnam’s New FDI in July Tops US$2.8 Billion

Where did Vietnam’s FDI come from in July?

FDI in Vietnam by country, newly registered capital (NRC) in July

Which sectors in Vietnam received FDI in July?

FDI in Vietnam by sector, newly registered capital in July

Which provinces received FDI in July and how much did they receive?

FDI in Vietnam by province, newly registered capital in July

About the FDI tracker data

June 2023

Where did Vietnam’s FDI come from in June?

FDI in Vietnam by country, newly registered capital (NRC) in June

Which sectors in Vietnam received FDI in June?

FDI in Vietnam by sector, newly registered capital in June

Which provinces received FDI in June and how much did they receive?

FDI in Vietnam by province, newly registered capital in June

About the FDI tracker data

May

Where did Vietnam’s FDI come from in May?

FDI in Vietnam by country, newly registered capital (NRC) in May

Which sectors in Vietnam received FDI in May?

FDI in Vietnam by sector, newly registered capital in May

Which provinces received FDI in May and how much did they receive?

FDI in Vietnam by province, newly registered capital in May

About the FDI tracker data

April

Where did Vietnam’s FDI come from in April?

FDI in Vietnam by country, newly registered capital in April

Which sectors in Vietnam received FDI in April?

FDI in Vietnam by sector, newly registered capital in April

Which provinces received FDI in April and how much did they receive?

FDI in Vietnam by province, new registered capital in April

About the FDI tracker data

March

Where did Vietnam’s FDI come from in March?

FDI in Vietnam by country, March

Which sectors in Vietnam received FDI in March?

FDI in Vietnam by sector, new registered capital in March

Which provinces received FDI in March and how much did they receive?

FDI in Vietnam by province, new registered capital in March

About the FDI tracker data

February 2023

Where did Vietnam’s FDI come from in February?

FDI in Vietnam by country, new registered capital in February

Which sectors in Vietnam received FDI in February?

FDI in Vietnam by sector, new registered capital in February

Which provinces received FDI in February and how much did they receive?

FDI in Vietnam by province, new registered capital in February

About the FDI tracker data

January 2023

Where did Vietnam’s FDI come from in January?

Which sectors in Vietnam received FDI in January?

Which provinces received FDI in January and how much did they receive?

About the FDI tracker data

December 2022

Where did Vietnam’s FDI come from in December?

Which sectors in Vietnam received FDI in December?

Which provinces received FDI in December and how much did they receive?

About these FDI numbers

November 2022

Where did Vietnam’s FDI come from in November?

Which sectors in Vietnam received FDI in November?

Which provinces received FDI in November and how much did they receive?

FDI statistics in Vietnam

FAQ - FDI in Vietnam

Leave a Reply

Want the Latest Sent to Your Inbox?

Get free access to our subscriptions and publications

Search our guides, media and news archives