FDI attraction in six months of 2024

As of May 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 11.07 billion USD, a year-on-year rise of 2%.

  • Foreign Investors registered nearly 9.54 billion USD in 1,538 new projects, up 46.9% in capital and 18.9% in the project number as compared to the same time last year.
  • Meanwhile, 592 projects had their capital added with a total of over 3.95 billion USD, down 6.3% and up 35% year-on-year, respectively.
  • Foreign Investors poured 1.7 billion USD into 1,420 capital contribution and share purchase, down 57.7% and 10.9% as compared with the same period last year, respectively.
  • Foreign Firms invested in 18 out of the 21 economic sectors, of which the processing and manufacturing industry took the lead with 10.69 billion USD, making up 70.4% of the total investment and up 26.3% from the same period last year.
  • The Real estate came next with a total investment of more than 2.47 billion USD, accounting for 61.5% of the total and increasing 61.5% year-on-year. Followed were wholesale and retail, and professional, scientific and technological activities with over 614 million USD and nearly 452 million USD, respectively.
  • It is also worth noting that processing and manufacturing was the sector with the largest number of newly-registered projects (35.2%) and number of capital adjustment (67.9%). The wholesale and retail led in the number of capital contribution and share purchases (43.5%).
  • Among the 84 countries and territories having investment in Vietnam in the first six months, Singapore was the largest investor with approximately 5.58 billion USD, making up of 36.7% of the total and growing 86% year-on-year. Japan came second with more than 1.73 billion USD, making up 11.4% of the total investment, and dropping 21.6% than the figure as compared with the same period last year. Followed by Hong Kong (China), South Korea, and China.
  • Regarding the number of Projects, China led in terms of number of newly-registered projects (accounting 29.1%); South Korea topped the list when it comes to turns of capital adjustment (24.8%) and Capital contributions and share purchases (26.4%).
  • The foreign businesses invested in 48 provinces and cities nationwide in the first six months of 2024.  Bac Ninh led in FDI attraction with 2.58 billion USD, making up 17% of the total and 3.1 times higher than the figure of previous year. Ba Ria – Vung Tau ranked second with nearly 1.54 billion USD, accounting 10.1% of the total and 12 times higher as compared with the same period last year. Quang Ninh ranked third with a total registered capital of over 1.36 billion USD, accounting for 9% of the total. Followed by Ha Noi, Hai Phong, Ho Chi Minh City and so on.
  • Ho Chi Minh City was the best performer in attracting new projects (38.8%), and capital contributions and share purchases (71.5%); Bac Ninh led in added capital (13.5%).

As of June 20, 2024, disbursement of FDI projects were estimated at about 10.84 billion USD, up 8.2% year-on-year.

  • Export, including crude oil, was estimated at more than 136.73 billion USD, up 12.3% year-on-year, accounting for 72.2% of export turnover. Export (excluding crude oil) was 135.73 billion USD, an increase of 12.4% from a year earlier, accounting for 71.6% of the country’s export turnover.
  • Imports of the foreign-invested sector attained nearly 114.11 billion USD, an increase of 15.5% over the previous period and accounting for 63.3% of the country’s import turnover.

In the first six months of 2024, the FDI sector saw a trade surplus of 22.62 billion USD including crude oil and over 21.62 billion USD excluding crude oil, while the domestic sector had a trade deficit of over 13.3 billion USD./.

Source from Ministry of Planning and Investment

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