Foreign Direct Investment (FDI) attraction in the first seven months of 2024 increased by 10.9% compared to the same period last year
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Specifically, registered capital for new projects included 1,816 newly licensed projects with a registered capital of 10.76 billion USD, an increase of 11.6% in the number of projects and 35.6% in registered capital compared to the same period last year. Among them, the processing and manufacturing industry received the largest foreign investment with a registered capital of 7.88 billion USD, accounting for 73.2% of the total newly registered capital; real estate business activities reached 1.94 billion USD, accounting for 18%; and other sectors attained 939.7 million USD, or 8.8%.
Among the 62 countries and territories with newly licensed projects in Vietnam in the first seven months of 2024, Singapore was the largest investor with 4.55 billion USD, accounting for 42.3% of the total newly registered capital; followed by Hong Kong SAR (China) with 1.31 billion USD, or 12.1%; China with 1.22 billion USD, or 11.3%; Japan with 991.5 million USD, or 9.2%; Turkey with 731.3 million USD, or 6.8%; and Taiwan with 588.4 million USD, or 5.5%.
Registered capital adjustments included 734 projects that were previously licensed and registered for capital investment adjustments, with an additional 4.97 billion USD, an increase of 19.4% over the same period last year.
If we consider both the newly registered capital and the registered capital adjustments of projects licensed in previous years, the foreign direct investment registered in the processing and manufacturing industry reached 12.23 billion USD, accounting for 77.8% of the total newly registered capital and an increase; real estate business activities attained 2.11 billion USD, or 13.4%; and other sectors reached 1.39 billion USD, or 8.8%.
There were 1,795 transactions of capital contribution and share purchase by foreign investors, with a total value of 2.27 billion USD, a decrease of 45.2% compared to the same period last year. Of these, there were 689 transactions of capital contribution and share purchase that increased the charter capital of enterprises, with a value of 1.03 billion USD; and 1,106 transactions of foreign investors buying domestic shares without increasing charter capital, with a value of 1.24 billion USD. For the form of capital contribution and share purchase by foreign investors, investment in real estate business activities reached 759.6 million USD, accounting for 33.5% of the contributed capital; the processing and manufacturing industry attained 422.5 million USD, or 18.6%; and other sectors accounted for 1.09 billion USD, or 47.9%.
Foreign direct investment realized in Vietnam in the first seven months of 2024 is estimated at 12.55 billion USD, an increase of 8.4% over the same period last year. This is the highest foreign direct investment realization in the first seven months in the past five years. Of this, the processing and manufacturing industry reached 9.98 billion USD, accounting for 79.5% of the total foreign direct investment realization; real estate business activities attained 1.14 billion USD, or 9.1%; and production and distribution of electricity, gas, hot water, steam, and air conditioning achieved 481.1 million USD, or 3.8%.
Vietnam’s investment abroad in the first seven months of 2024 included 64 newly licensed projects with a total capital of 122 million USD from the Vietnamese side, a decrease of 18.2% compared to the same period last year; there were 15 licensed project adjustments with a capital adjustment of 28.6 million USD, a decrease of 83.3%.
In total, for the first seven months of 2024, Vietnam’s outward investment (new and adjusted capital) reached 150.7 million USD, a decrease of 53% compared to the same period last year. Of this, mining accounted for 58.6 million USD, or 38.9% of total investment; the processing and manufacturing industry attained 28.9 million USD, or 19.2%; wholesale and retail sale and repair of automobiles, motorcycles, and other motor vehicles accounted for 24.7 million USD, or 16.4%; other services reached 10.0 million USD, or 6.6%; and production and distribution of electricity, gas, hot water, and air conditioning achieved 6.8 million USD, or 4.5%.
In the first seven months of 2024, there were 23 countries and territories receiving investment from Vietnam, with the Netherlands being the leading destination with 54.6 million USD, accounting for 36.2% of the total investment; Laos followed with 36.7 million USD, or 24.3%; the United States with 18.7 million USD, or 12.4%; Cambodia with 12.4 million USD, or 8.2%; and New Zealand with 5.9 million USD, or 3.9%.
