According to the city's Statistical Office, Da Nang, located in central Vietnam, granted licenses to 104 new foreign investment projects with a total registered capital of $151.2 million in 2023.
Foreign Direct Investment (FDI) realized in Vietnam in 2023 is estimated at USD 23.18 billion, a 3.5% increase from the previous year, marking the highest FDI realization in the past 5 years.
Billions of U.S. dollars of foreign investment have fueled Vietnam’s economic growth over the years, but this has also left its economy dependent on outside forces.
In the first 11 months of 2023, the Index of Industrial Production (IIP) is estimated to increase by 10.5% compared to the same period last year: the manufacturing and processing industry increased by 0.6%; the mining sector decreased by 16.8%; the electricity production and distribution sector increased by 76.8%; and the water supply, management of waste, and wastewater treatment activities increased by 3.4%.
On the morning of December 2nd, Comrade Le Duy Thanh, Provincial Standing Committee Member, Vice Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, attended the groundbreaking ceremony of the new factory of Lioho Machine Works Vietnam Co., Ltd. at Thang Long Industrial Park, Binh Xuyen District. Also present at the ceremony were leaders from several departments and sectors.
As of November 20, 2023, Hai Phong has 913 active foreign-invested projects with a total registered capital of USD 29.42 billion (all-time number).
With strong infrastructure development in industrial zones and clusters, and an improved investment and business environment, Bac Giang continues to be the top choice for domestic and international investors.
Chery Automobile, a leading Chinese automaker, is set to commence large-scale production in Vietnam's Thai Binh province by the close of 2025. They are aiming to manufacture vehicles under its Omoda and Jaecoo brands.
Vietnam’s CPI rose 3.12% in the January - July period, foreign direct investment rose 4.5% and foreign tourist arrivals rose 6.9-fold. The country posted a trade surplus of around 15.23 billion USD.