FDI capital continues to flow into Vietnam in the first month of 2024

Tuesday, 30/01/2024 10:45
Total registered FDI capital in Vietnam reached more than 2.36 billion USD in the first month of 2024, an increase of 40.2% compared to the same period last year, according to the latest report from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Registered FDI capital in Vietnam in January 2024 reached over 2.36 billion USD, an increase of 40.2% over the same period last year

These results show that the stability of the business climate in Vietnam has attracted a large number of international investors.

In particular, in January 2024, as many as 190 new projects were granted investment registration certificates, a year-on-year rise of 24.2%, with a total registered capital of more than 2 billion USD, 66.9% higher than that of the same period last year.

The sharp increase in the number of projects and the appearance of large-scale projects (with an investment of more than 600 million USD each) were a main factor driving the sharp increase in foreign investment capital.

In addition, 75 projects registered to adjust investment capital with more than 235.4 million USD added, down 15.7% and 23.1% respectively.

The month also saw foreign investors contribute more than 116.5 million USD to make 174 share purchase deals, down 14.7% and 33.1% respectively from the same period last year.

Foreign investors disbursed 1.48 billion USD during the month, a year-on-year increase of 9.6%.

In the first month of 2024, foreign investors chose to invest in 15 industries out of 21 national economic industries. Real estate attracted the most FDI capital more than 1.27 billion USD, accounting for 53.9% of the total. It was followed by the processing and manufacturing industry with nearly 926 million USD, accounting for 39.2%.

The remaining sectors are professional activities, science and technology; wholesale and retail with total registered capital of 65.2 million USD and nearly 54.5 million USD, respectively.

The wholesale and retail sector attracted the highest number of new projects (accounting for 38.9%) and capital contribution to purchase shares (accounting for 49.4%).

Among 39 countries and territories investing capital in Vietnam in this month, Singapore topped the list with more than 1.4 billion USD, making up 59.5% of the total and up 72.8% compared to the same period last year. Japan ranked second with nearly 297 million USD, making up 12.6% of the total and a 7-fold increase.

The foreign investors invested in 35 provinces and cities across the country. Hanoi attracted the most FDI this month with over 867 million USD, or 36.7% of the total registered investment capital and 39.7 times higher than the same period in 2023. Ba Ria-Vung Tau ranked second with nearly 282 million USD, followed by Bac Giang, Bac Ninh, and Dong Nai./.