In the first 11 months of 2023, FDI capital implemented in Vietnam was the highest in the period 2018-2023.

On the morning of November 29, the General Statistics Office (Ministry of Planning and Investment) announced the report on the socio-economic situation in November and the first 11 months of 2023.

Foreign investment from Asia important to Vietnam: HSBC

Realized FDI capital in Vietnam in the first 11 months of 2023 is estimated at 20.25 billion USD, up 2.9% over the same period last year. (Source: Finance Magazine)

Accordingly, the index of industrial production (IIP) for the whole industry in November is estimated to increase by 3% compared to the previous month and by 5.8% compared to the same period last year. This is the highest growth rate in the past 13 months. Previously, the IIP index increased by 6.3% compared to the same period in October 2022.

In the first 11 months of 2023, IIP is estimated to increase by 1% over the same period last year (the same period in 2022 increased by 8.4%). Of which, the processing and manufacturing industry increased by 1.1% (the same period in 2022 increased by 8.7%); the electricity production and distribution industry increased by 3.2%; the water supply, waste and wastewater management and treatment industry increased by 4.9%; the mining industry decreased by 2.8%.

The consumer price index (CPI) in November 2023 increased by 0.25% compared to the previous month. Compared to December 2022, the CPI in November increased by 3.46% and compared to the same period last year increased by 3.45%. On average, in the first 11 months of 2023, the CPI increased by 3.22% compared to the same period last year; core inflation increased by 4.27%.

In addition, total retail sales of goods and consumer service revenue in November is estimated at VND552,700 billion, up 1.4% over the previous month and up 10.1% over the same period last year.

In the first 11 months of 2023, the total retail sales of goods and consumer service revenue at current prices is estimated at VND 5,667 trillion, up 9.6% over the same period last year (the same period in 2022 increased by 20.2%), if excluding the price factor, it increased by 7% (the same period in 2022 increased by 16.6%).

In parallel, the trade balance of goods from the beginning of the year to November 15, 2023, preliminary trade surplus of 24.44 billion USD (in the same period last year, trade surplus of 8.1 billion USD). Of which, the domestic economic sector had a trade deficit of 19.05 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 43.49 billion USD.

Regarding the budget revenue and expenditure situation, the General Statistics Office said that the total state budget revenue in November 2023 is estimated at VND 126,900 billion. The total accumulated state budget revenue in the first 11 months of 2023 is estimated at VND 1,537.6 trillion, equal to 94.9% of the annual estimate and down 7.1% over the same period last year.

Total state budget expenditure in November 2023 is estimated at VND 158,200 billion; accumulated expenditure in 11 months of 2023 reached VND 1,502.9 trillion, equal to 72.4% of the annual estimate and up 10.9% over the same period last year.

Regarding business registration, in November, the country had 14,267 newly established enterprises, down 7.6% compared to the previous month and up 19.5% compared to the same period last year; 6,562 enterprises returned to operation, up 16.6% and up 4.7%; 4,510 enterprises registered to temporarily suspend business for a period of time, down 18% and up 12.6%.

In addition, 6,598 enterprises stopped operations pending dissolution procedures, up 34.7% and 29.5% respectively; 1,443 enterprises completed dissolution procedures, down 3.9% and up 1.5%.

General Statistics Office information: "In the 11 months of 2023, the whole country had 201,500 newly registered and re-established enterprises, an increase of 3.5% over the same period last year.

On average, 18,300 new businesses were established and returned to operation each month. The number of businesses withdrawing from the market was 158,800, an increase of 20% over the same period last year. On average, 14,400 businesses withdrew from the market each month."

In addition, as of November 20, the total foreign investment capital registered in Vietnam, including newly registered capital, adjusted registered capital, and capital contribution and share purchase value of foreign investors, reached nearly 28.85 billion USD, up 14.8% over the same period last year.

Foreign direct investment (FDI) realized in Vietnam in the first 11 months of 2023 is estimated at 20.25 billion USD, up 2.9% over the same period last year and the highest compared to the first 11 months of the 2018-2023 period.

International arrivals to Vietnam in November 2023 reached more than 1.2 million, up 10.9% over the previous month and 2.1 times higher than the same period last year. In the first 11 months of 2023, international arrivals to our country reached more than 11.2 million, 3.8 times higher than the same period last year and equal to 68.9% compared to the same period in 2019 - the time when the Covid-19 pandemic had not yet occurred.

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