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COVER STORY

PHOTO: VIET TUAN
ADVANCING he impressive performance of Viet-
nam in FDI attraction during the
T first eleven months of 2023 stands
FURTHER out as a notable economic achievement
for the country. Figures from the Ministry
of Planning and Investment (MPI) reveal
that, as of November 20, total newly-reg-
istered capital, additional capital, con-
Despite successfully navigating 2023 and posting sound
tributed capital for share purchases, and
FDI results, analysts believe that Vietnam should adopt contributed capital acquisitions by foreign
more decisive measures to sustain momentum. investors amounted to around $28.85 bil-
lion. This reflects a noteworthy year-on-
| By PHUONG HOA year increase of 14.8 per cent. Total new
projects approved in the eleven-month
period, meanwhile, stood at 2,865. “Viet-
nam’s registered FDI is up nearly 15 per
cent this year, to $28.9 billion in the first
eleven months, and includes notable proj-
ects around the country, such as LG
Innotek’s $1.5 billion factory, JinKo Solar’s
$1.5 billion photovoltaic cell factory, and
ECOVANCE’s $500 million high-tech

14 | VIETNAM ECONOMIC TIMES | JANUARY 2024 en.vneconomy.vn