Infographic: Vietnam Attracts Over US$6.17 Billion of FDI in Q1/2024

Based on figures from the Ministry of Planning and Investment, in the first quarter of 2024, foreign direct investment (FDI) registered in Vietnam surpassed the $6.17 billion mark, reflecting a 13.4% increase compared to the same period in 2023.

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Of the total foreign investment capital registered in Vietnam, newly registered capital reached over 4.77 billion USD, up 57.9% year-on-year. Meanwhile, additional capital reached 934.6 million USD, down 22.6%; capital invested through capital contribution and share purchase reached over 466 million USD, down 61.7% year-on-year.

Thus, apart from adjusted investment capital and contributed capital, newly registered investment capital still maintained a high growth rate compared to the same period last year. Similarly, disbursed capital reached 4.63 billion USD, up 7.1% compared to the same period in 2023.

In the first quarter of the year, many large projects in the energy sector, including: battery production, photovoltaic cells, silicon bars, electronic component and product production projects, and high value-added products were newly invested and expanded capital.

In particular, a series of projects in these sectors were granted investment registration certificates in the first 3 months of 2024 such as: Boviet Hai Duong’s 120 million USD project, specializing in manufacturing solar photovoltaic cell panels; Trina Solar Cell’s 454 million USD project in Thai Nguyen; Gokin Solar Hai Ha Vietnam’s 275 million USD project in Quang Ninh…

For projects expanding their production scale, there are some typical projects such as: SMC Manufacturing Company investing in building a manufacturing plant with a capital of about 570 billion VND; TKG Taekwang Vina Company investing in expanding its factory with a capital of 106 billion VND; Formosa Taffeta Company investing in building a factory with a capital of 163 billion VND; Pou Chen Company implementing 112 billion VND…

The foreign business community assesses that the Vietnamese investment environment has advantages such as political stability, the quality of the labor force is gradually improving…