by position.vn 
As the world’s investment landscape continues to evolve, Vietnam has emerged as a compelling destination for foreign investors seeking growth and opportunity. With the recent surge in foreign direct investment (FDI) activities, the question arises: which province in Vietnam stands out as the most alluring for new foreign investors at the present moment?
Amidst the data illustrating the FDI influx into Vietnam, a few provinces shine brightly, captivating the attention of investors from around the globe. Based on the statistics released by the Foreign Investment Agency under the Ministry of Planning and Investment, the provinces that have proven exceptionally enticing for FDI include Hanoi, Haiphong, Ho Chi Minh City, Bac Giang, Binh Duong, Bac Ninh, and Dong Nai.
Hanoi: The capital city of Vietnam, Hanoi, has taken the lead as a preferred investment hub. The province attracted a staggering total registered investment capital exceeding $2.34 billion in just the first 8 months of 2023. This impressive figure not only accounts for almost 12.9% of the national investment influx but also reflects a remarkable growth of nearly 2.89 times compared to the same period in the previous year.
Haiphong: Following closely, Haiphong, a key port city, has captivated investors with its strategic location. With a registered investment capital surpassing $2.08 billion during the same period, Haiphong has achieved remarkable growth of 72.2%, positioning itself as an attractive investment destination.
Ho Chi Minh City: The bustling metropolis of Ho Chi Minh City has not only emerged as the financial hub of Vietnam but has also seized the spotlight in FDI attraction. With an impressive registered investment capital of $1.6 billion, the city boasts the highest number of new projects (39.6%), projects with adjusted capital (23.4%), and mergers and acquisitions (67%) in the country.
Bac Giang, Binh Duong, Bac Ninh, and Dong Nai: These provinces have all demonstrated their appeal to foreign investors with registered investment capital surpassing the $1 billion mark. Bac Giang has registered investment capital of $1.4 billion, while Binh Duong and Bac Ninh have attracted $1.07 billion and $1.05 billion respectively. Dong Nai, another promising province, is also part of this elite group, showcasing its growing investment allure.
As international interest in Vietnam’s investment landscape continues to intensify, these provinces stand as beacons of opportunity. Investors are drawn to their robust infrastructure, stable workforce, progressive administrative reforms, and dynamic investment promotion initiatives.
In the dynamic world of global investment, choosing the right location is paramount. The provinces of Vietnam, with their diverse strengths and advantages, present an array of investment opportunities that appeal to the international investor community. While each province has its unique allure, Hanoi, Haiphong, and Ho Chi Minh City seem to lead the pack, offering a promising landscape for foreign investors seeking growth and success in Vietnam’s dynamic economy.
