Vietnam FDI for 2022 Tops US$27 billion: MoIP

Posted by Written by Mark Barnes Reading Time: 12 minutes

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?

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?

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

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.

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.

See also: Vietnam Approves National Strategy on Foreign Investment: Decision 667

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