FDI capital into Vietnam rises by 38.6% in first two months

Wednesday, 28/02/2024 11:37
Foreign direct investment (FDI) attraction reached more than 4.29 billion USD in the first 2 months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Photo for illustration

Specifically, in terms of new registered capital, the whole country has 405 new projects granted investment registration certificates with a total registered capital of nearly 3.6 billion USD, a year-on-year rise of 55.2% in the number of new projects and a two-fold increase in registered capital.

Regarding adjusted capital, 159 projects registered additional capital, an increase of 19.5% with a total additional capital of 442.1 million USD, a decrease of 17.4%.

Meanwhile, 159 projects had their capital adjusted, with a total amount of 442.1 million USD, up 19.5% and down 17.4% year-on-year, respectively.

Capital contributions and share purchases fell 68% year-on-year to 255.4 million USD.

As much as 2.8 billion USD in FDI was disbursed in the two months, expanding 9.8% from the same time of 2023.

By economic sector, foreign investors have invested in 16 sectors out of 21 national economic sectors. Of which, the processing and manufacturing industry led with a total investment capital of nearly 2.54 billion USD, accounting for 59.1% of the total registered investment capital, an increase of 16.8%.

The real estate business industry ranked second with nearly 1.41 billion USD, accounting for 32.7% of the total, more than 3.5 times higher than the same period last year. It was followed by the wholesale and retail industries; professional activities, science and technology.

Among 48 countries and territories with investment in Vietnam during the January-February period, Singapore was the biggest investor as it poured more than 2.08 billion USD into the country, followed by Hong Kong (China), Japan and China.

Hanoi, Quang Ninh, Thai Nguyen, Ba Ria – Vung Tau, Bac Ninh, Dong Nai, Bac Giang, Ho Chi Minh City, Hai Phong and Hung Yen topped the country in terms of FDI attraction, the Foreign Trade Agency said, elaborating the ten localities made up a lion’s share of 81.7% of the foreign capital in the period.

The capital city Hanoi led all localities in FDI attraction with nearly 914.4 million USD, up 24.4 times against the same period in 2023./.