Foreign Investment Agency’s latest report, under the Ministry of Planning and Investment, states that as of July 20, 2024, the total registered capital, adjusted capital, and capital contribution for the purchase of shares by foreign investors exceeded $18 billion, a 10.9% increase compared to the same period in 2023.
Specifically, in the first seven months of 2024, Vietnam granted investment registration certificates to 1,816 new projects, an increase of 11.6% compared to the same period, with a total registered capital of over $10.76 billion, up 35.6% year-on-year.
Additionally, there were 734 projects registered for capital adjustment (a decrease of 0.3% compared to the same period), with an additional registered capital of nearly $4.97 billion, a 19.4% increase year-on-year. Furthermore, there were 1,795 transactions of capital contribution by foreign investors to buy shares (a decrease of 3.1% compared to the same period), with a total value of capital contribution of nearly $2.27 billion, down 45.2% year-on-year.
According to the Foreign Investment Agency, while capital contribution for share purchases decreased, new investments and capital adjustments increased compared to the same period last year. As a result, in the first seven months of 2024, both realized investment capital and total registered investment capital continued to rise year-on-year, with increases of 10.9% and 8.4%, respectively. New investments increased in terms of registered capital, number of projects, and investment scale (averaging over $5.9 million per project compared to $4.9 million in the same period in 2023)
Considering investment partners, the report reveals that 91 countries and territories invested in Vietnam in the first seven months of 2024. Singapore led with a total investment of nearly $6.52 billion, accounting for 36.2% of total investment, a 79.1% increase compared to the same period in 2023. Notably, if compared to the capital invested by other economies, the total FDI invested by Singaporean investors in Vietnam is nearly twice the total capital invested by the world’s five largest economies in Vietnam in the first seven months of 2024.
According to the latest data from the International Monetary Fund (IMF), the five largest economies in the world in terms of GDP at current prices are the United States, China, Germany, Japan, and India. Accordingly, the total investment from these economies to Vietnam in the first seven months was as follows: the United States ($116 million), China ($1.6 billion), Germany ($14.4 million), Japan ($1.9 billion), and India ($19.42 million)
Following Singapore, Hong Kong (China) was the second-largest investor in Vietnam, with over $2.19 billion, accounting for 12.2% of total investment, more than twice as much as the same period last year. Japan, China, and South Korea followed suit.
In terms of the number of projects, China led with 29.7% of new investment projects, while South Korea topped the list for capital adjustment (24.5%) and capital contribution (26%)
As of July 20, 2024, the country had 40,777 valid projects with a total registered capital of over $487 billion. The cumulative realized capital of foreign direct investment projects was estimated at approximately $309.7 billion, accounting for 63.6% of the total valid registered investment capital.
According to the Foreign Investment Agency, July 2024 witnessed a new investment project from Kyrgyzstan, bringing the total number of countries and territories with valid investment projects in Vietnam to 147. South Korea topped the list with a total registered capital of over $87.6 billion (18% of total investment), followed by Singapore with over $80.7 billion (16.6% of total investment)
