According to the recent data released by the Foreign Investment Agency of the Ministry of Planning and Investment, Vietnam attracted $4.29 billion of FDI capital in the first two months of this year, an increase of 38.6% compared to the same period in 2023. The realized capital reached $2.8 billion, up 9.8% year on year.
In the first two months, there were 405 new FDI projects granted investment certificates, a 55.2% increase compared to the same period, with a total registered capital of nearly $3.6 billion, more than double the figure of the same period last year.
In addition, there were 159 projects registering to adjust investment capital, up 19.5% year on year, with an additional registered capital of $442.1 million. As for capital contribution and share purchase, there were 367 projects with a total value of over $255.4 million.
Foreign investors have invested in 16 out of the 21 economic sectors in Vietnam. The processing and manufacturing industry takes the lead with a total investment capital of nearly $2.54 billion (59.1% of the total investment capital). The real estate business sector ranks second with $1.41 billion, accounting for 32.7% of the total capital, more than 3.5 times higher than the same period last year.
The processing and manufacturing industry takes the lead with a total investment capital of nearly $2.54 billion.
In the first two months of this year, 48 countries and territories invested in Vietnam. Singapore takes the lead with over $2.08 billion; Hong Kong (China) ranks second with nearly $525.7 million, followed by Japan, China, and so on.
Traditional partners from Asia continue to hold a significant position. The top five countries, including Singapore, Hong Kong (China), Japan, China, and South Korea, accounted for 77% of the number of newly registered investment projects and nearly 85.5% of the total registered investment capital of the whole country.
Foreign investors have invested in 38 provinces and cities nationwide in the first two months of 2024. Hanoi takes the lead with a total registered investment capital of nearly $914.4 million, accounting for 21.3% of the total registered investment capital and 24.4 times higher than the figure of the same period in 2023.
Quang Ninh ranks second with a total registered investment capital of over $471.1 million, accounting for nearly 11% of the total investment capital of the country. The Quang Ninh Economic Zone Management Board has just granted investment certificates to two FDI projects with a total investment of over $330 million (Gokin Solar Hai Ha Vietnam project – monocrystalline silicon sheet and monocrystalline silicon bar for optoelectronics; project of producing bearings and linear motion equipment at Song Khoai Industrial Zone)
According to the Foreign Investment Agency, investment capital is concentrated in provinces and cities with advantages in attracting FDI, including good infrastructure, stable labor force, efforts in administrative procedure reform, and proactive investment promotion such as Hanoi, Quang Ninh, Thai Nguyen, Ba Ria – Vung Tau, Bac Ninh, Dong Nai, Bac Giang, Ho Chi Minh City, Hai Phong, Hung Yen.
“These 10 localities accounted for 74.3% of the number of new projects and 81.7% of the total investment capital of the country in the first two months of 2024,” said the Foreign Investment Agency. The region’s exports by foreign invested enterprises also increased strongly, supporting the country’s trade surplus of about $4.63 billion in the first two months of this year.
