10/02/2024
Hai Phong City Ranks Among Top 10 Localities In FDI Attraction
Many large domestic and foreign businesses continue to choose Hai Phong to invest in large projects, putting the city in the top 10 attractive localities for investors.
According to data from the Foreign Investment Department under the Ministry of Planning and Investment, by the end of 2023, Vietnam had attracted 39,140 foreign direct investment projects (FDI), with a total registered capital of 468.917 billion USD. Among them, the ten localities attracting the most FDI are Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Ba Ria-Vung Tau, Hai Phong, Bac Ninh, Thanh Hoa, Long An, and Quang Ninh. The Ministry of Planning and Investment said that the cities all have advantages in attracting investment, such as favorable infrastructure and human resources, administrative reform efforts, and dynamism in investment promotion. The achievement contributes to enhancing Vietnam’s position in the global FDI flow. Vietnam is not only an attractive investment destination, with registered FDI capital in 2023 reaching about 36.6 billion USD, increased over 32%, but also proactively and actively invested abroad, including in developed economies such as the US and Canada, as well as in new industrial fields./.