Manufacturing News 14/05/2024, 03:23

Vietnam's FDI attractiveness situation in the first four months of 2024

FDI in Vietnam in the first 4 months of 2024 is estimated at 6.28 billion USD, up 7.4% over the same period last year. This is the highest amount of foreign direct investment capital in the first 4 months of the year in the past 5 years...

Vietnam's FDI attractiveness situation in the first four months of 2024

The report on the socio-economic situation in April 2024 and the first 4 months of 2024 from the GSO showed that the total foreign investment capital registered in Vietnam as of April 20, 2024, reached nearly 9.27 billion USD, an increase of 4.5% over the same period last year. The newly registered capital has 966 licensed projects with a registered capital of 7.11 billion USD, an increase of 28.8% over the same period last year in terms of projects and an increase of 73.2% in registered capital.

The processing and manufacturing industry is licensed for the largest foreign direct investment with a registered capital of nearly 5 billion USD, accounting for 70.2% of the total newly registered capital; real estate business reaches 1.6 billion USD, accounting for 22.5%; the remaining industries reach 519.6 million USD, accounting for 7.3%.

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

The adjusted registered capital has 345 turns of licensed projects from previous years to register for adjustment of investment capital increased by 1.23 billion USD, down 25.6% over the same period last year.

If including the new registered capital and the adjusted registered capital of licensed projects from previous years, the foreign direct investment capital registered in the processing and manufacturing industry reached 6.03 billion USD, accounting for 72.3% of the total newly registered capital and increased; real estate business reached 1.68 billion USD, accounting for 20.1%; the remaining industries reached 635.1 million USD, accounting for 7.6%.

The registered capital for capital contribution and share purchase of foreign investors has 902 turns with a total capital contribution value of 929.6 million USD, down 70.1% over the same period last year. There are 327 turns of capital contribution and share purchase, increasing the charter capital of the enterprise with a capital contribution value of 629.6 million USD, and 575 turns of foreign investors buying back domestic shares without increasing the charter capital with a value of 300 million USD.

In terms of the capital contribution and share purchase made by foreign investors, warehousing transport activities reached 277.2 million USD, accounting for 29.8% of the capital contribution value; investment capital in professional and science and technology activities reached 228.7 million USD, accounting for 24.6%; the remaining industry is 423.7 million USD, accounting for 45.6%.

Foreign direct investment capital made in Vietnam in the first 4 months of 2024 is estimated at 6.28 billion USD, up 7.4% over the same period last year. This is the highest amount of foreign direct investment capital realized in the first 4 months of the year in the past 5 years. The processing and manufacturing industry reached 4.93 billion USD, accounting for 78.5% of the total foreign direct investment capital; real estate business reached 607.6 million USD, accounting for 9.7%; production and distribution of electricity, gas, hot water, steam, and air conditioning reached 259.8 million USD, accounting for 4.1%.

VNECONOMY/ TRANSLATOR: NGỌC ÁNH
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