September records highest monthly increase in FDI attraction

Sunday, 06/10/2024 10:26
Singapore leads the list of countries or territories investing in Vietnam in the first nine months with a total investment capital of more than 7.3 billion USD, accounting for nearly 29.7% of the total investment capital, a year-on-year rise of 69%.
Nam Cau Kien Industrial Park, Thuy Nguyen district, Hai Phong. (Photo: nhadan.vn)

According to the Foreign Investment Agency, as of September 30, the total foreign investment capital (FDI) in Vietnam reached more than 24.7 billion USD, a year-on-year rise of 11.6%.

Implemented capital of FDI projects reached over 17.3 billion USD, a year-on-year rise of 8.9%.

Specifically, in terms of newly-registered capital, the country had 2,492 new projects granted investment registration certificates with a total capital of more than 13.5 billion USD, a year-on-year decrease of 4.3% in the number of new projects and a year-on-year rise of 11.3% in registered capital.

The country had 1,027 on-going projects registering increased capital of more than 7.64 billion USD, up 7.3% and 48.1%, respectively.

Capital contributions via share purchases still decreased compared to the same period last year with 2,471 transactions, valued at nearly 3.59 billion USD. 

Reviewing the FDI attraction situation in September and the first nine months this year, the Foreign Investment Agency said that in September alone, total registered foreign investment, including new capital, adjustments and capital contributions via share purchases recorded the highest monthly increase with nearly 4.26 billion USD, accounting for 17.2% of the total investment capital in the nine months.

The additional investment capital also reached the highest level since the beginning of the year.

FDI capital was concentrated in provinces and cities with many advantages in attracting foreign investment such as Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria-Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang and Ninh Thuan. The ten localities alone accounted for 80.1% of the country’s new projects and 72.9% of the total investment capital.

The largest investment partners in the nine months were all traditional partners of Vietnam and came from Asia. The top five countries or territories were Singapore, China, the Republic of Korea (RoK), Hong Kong (China) and Japan, accounting for 73.2% of the country’s new investment projects and 75.2% of the total registered investment capital./.

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