Manufacturing News 09/05/2024, 07:20

Vietnam Attracts Nearly 9.3 Billion USD of FDI

In the first 4 months of 2024, newly registered and adjusted FDI capital and the value of capital contributions and share purchases by foreign investors in Vietnam reached nearly 9.27 billion USD.

Vietnam Attracts Nearly 9.3 Billion USD of FDI

According to the socio-economic situation report for April 2024 and the first 4 months of 2024 of the General Statistics Office, the total foreign investment capital registered in Vietnam as of April 20, 2024, reached nearly 9.27 billion USD, up 4.5% over the same period last year.

In which, there were 966 granted projects with a newly registered capital of 7.11 billion USD, up 28.8% over the same period last year in the number of projects and 73.2% in registered capital.

The processing and manufacturing industry had the largest newly registered FDI capital of nearly 5 billion USD, accounting for 70.2% of the total newly registered capital; real estate business activities reached 1.6 billion USD, accounting for 22.5%; and other industries reached 519.6 million USD, accounting for 7.3%.

Among the 50 countries and territories with newly granted investment projects in Vietnam in the first 4 months of 2024, Singapore was the largest investor with 2.59 billion USD, accounting for 36.4% of total newly registered capital; followed by Hong Kong Special Administrative Region (China) with 898.6 million USD, accounting for 12.6%; Japan with 814.1 million USD, accounting for 11.4%; China with 740.2 million USD, accounting for 10.4%; Türkiye with 730.1 million USD, accounting for 10.3%; and Taiwan with 512.3 million USD, accounting for 7.2%.

There were 345 projects granted from previous years registered to adjust their investment capital to increase by 1.23 billion USD, down 25.6% over the same period last year.

When including both new registered capital and adjusted registered capital from projects granted in previous years, the FDI capital registered in the processing and manufacturing industry reached 6.03 billion USD, accounting for 72.3% of total newly registered capital and adjusted registered capital to increase; real estate business activities reached 1.68 billion USD, accounting for 20.1%; other industries reached 635.1 million USD, accounting for 7.6%.

There were 902 times registered in capital contribution and share purchase by foreign investors, with a total capital contribution value of 929.6 million USD, down 70.1% over the same period last year.

In which, there were 327 times of capital contribution and share purchase to increase the charter capital of enterprises with a capital contribution value of 629.6 million USD, and 575 times of foreign investors buying back domestic shares without increasing charter capital with a value of 300 million USD.

In terms of forms of capital contribution and share purchase by foreign investors, warehousing and transportation activities reached 277.2 million USD, accounting for 29.8% of the value of capital contribution; investment capital in professional activities, science, and technology reached 228.7 million USD, accounting for 24.6%; and other industries reached 423.7 million USD, accounting for 45.6%.

FDI capital implemented in Vietnam in the first 4 months of 2024 was estimated to reach 6.28 billion USD, up 7.4% over the same period last year. This was the highest implemented FDI capital in the first 4 months of the year in the past 5 years.

In which, the processing and manufacturing industry reached 4.93 billion USD, accounting for 78.5% of total implemented FDI capital; real estate business activities reached 607.6 million USD, accounting for 9.7%; and the production and distribution of electricity, gas, hot water, steam, and air conditioning reached 259.8 million USD, accounting for 4.1%.

Vietnam's investment abroad in the first 4 months of 2024 had 36 projects newly granted investment certificates with a total Vietnamese capital of 98.3 million USD, down 29.8% over the same period last year; there were 3 times of capital adjusted projects with the adjusted capital increasing by 580 thousand USD, down 95.7%.

In general, in the first 4 months of the year, Vietnam's total investment capital abroad (newly registered and adjusted capital) reached 98.9 million USD, down 35.6% over the same period last year. In which, mining reached 58.6 million USD, accounting for 59.3% of total investment capital; wholesale and retail, repair of cars, motors, motorcycles, and other motor vehicles reached 11.5 million USD, accounting for 11.7%; other services reached 10 million USD, accounting for 10.1%; construction activities reached 5.5 million USD, accounting for 5.6%; and real estate business activities reached 5.4 million USD, accounting for 5.4%.

In the first 4 months of 2024, there were 14 countries and territories receiving investment from Vietnam. The Netherlands led with 54.6 million USD, accounting for 55.2% of total investment capital; Laos with 16.3 million USD, accounting for 16.5%; the United States with 6.7 million USD, accounting for 6.7%; New Zealand with 5.9 million USD, accounting for 5.9%; and Germany with 5.4 million USD, accounting for 5.4%.

VietNam Finance / Translator: Hoàng Trúc
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