Only one country “pours in” over 2 billion USD into Vietnam in the first two months of 2024

According to data from the Foreign Investment Agency (Ministry of Planning and Investment), there have been investments from 48 countries and territories in Vietnam in the first two months of 2024. Leading the list is a country with a total investment capital of over 2.08 billion USD, accounting for 48.5% of the total investment capital, more than 2.1 times higher than the same period in 2023.

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According to the data from the Foreign Investment Agency (Ministry of Planning and Investment), as of February 20, 2024, the total registered capital, adjusted capital, and capital contribution to purchase shares or to contribute capital (GVMCP) by foreign investors reached over 4.29 billion USD, an increase of 38.6% compared to the same period in 2023. Except for the decrease in adjusted investment capital and GVMCP, the newly registered investment capital still increased significantly.

Specifically, there were 405 new projects granted investment registration certificates, an increase of 55.2% compared to the same period, with a total registered capital of nearly 3.6 billion USD (more than twice compared to the same period). The new registered investment capital in the first two months of 2024 increased significantly compared to the same period due to the increase in the number of new projects (up 55.2%) and the presence of projects with large investment capital scale (over 400 million USD and over 600 million USD).

Regarding the adjusted capital, there were 159 projects registered for capital adjustment (an increase of 19.5% compared to the same period), with an additional registered capital reaching 442.1 million USD (a decrease of 17.4% compared to the same period); For capital contribution and share purchase, there were 367 GVMCP cases of foreign investors (a decrease of 16.6% compared to the same period), with a total contribution value of over 255.4 million USD (a decrease of 68% compared to the same period).

In terms of investment sectors, the report stated that foreign investors have invested in 16 out of 21 national economic sectors. Specifically, 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 and an increase of 16.8% compared to the same period.

The real estate business sector ranked second with a total investment capital of nearly 1.41 billion USD, accounting for 32.7% of the total registered investment capital, more than 3.5 times compared to the same period. Next are the wholesale and retail sectors, specialized activities, and scientific and technological activities with registered capital of 125.2 million USD and nearly 76.4 million USD respectively. The remaining sectors account for a smaller proportion.

In terms of project quantity, the processing and manufacturing industry leads in the number of new projects (accounting for 39.2%) and capital adjustment (accounting for 62.3%). The wholesale and retail industry is ahead in terms of the number of GVMCP transactions (43.9%).

If considering countries and territories, the Foreign Investment Agency stated that there have been 48 countries and territories investing in Vietnam in the first two months of 2024. Among them, Singapore ranks first with a total investment capital of over 2.08 billion USD, accounting for 48.5% of the total investment capital, more than 2.1 times compared to the same period in 2023. Hong Kong (China) ranks second with nearly 525.7 million USD, accounting for 12.2% of the total investment capital, nearly 5.1 times compared to the same period. Japan, China, and others follow.

In terms of project quantity, China is the leading partner in terms of the number of new investment projects (accounting for 32.3%); South Korea leads in terms of the number of capital adjustments (accounting for 25.8%) and GVMCP (accounting for 28.9%).

As of February 20, 2024, it is estimated that foreign investment projects have disbursed about 2.8 billion USD, an increase of 9.8% compared to the same period in 2023.

SOURCEcafef
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