According to statistics from the Ministry of Planning and Investment, in the first eight months of 2024, Vietnamese investors poured capital into 75 new projects and made additional capital contributions to 17 existing projects overseas. The total outbound investment from Vietnam amounted to over 147.3 million USD, equivalent to 35.4% of the figure in the same period last year.
Vietnamese investors have ventured into 14 different sectors overseas. The mining industry attracted the lion’s share of these investments (39.8%), followed by manufacturing (19.7%), and wholesale and retail (16.8%). The remaining capital was distributed across various other sectors.
25 countries and territories received investments from Vietnam during this period. The top investment destinations were the Netherlands (37.1%), Laos (25.7%), the United Kingdom (13.4%), and the United States (12.7%).
As of August 2024, Vietnam had 1,757 valid outbound investment projects, with a total capital investment of nearly 22.26 billion USD. The mining industry attracted the largest portion of Vietnam’s outbound investment (31.6%), followed by agriculture, forestry, and fisheries (15.5%). Laos (24.7%), Cambodia (13.2%), and Venezuela (8.2%) were the top recipients of Vietnamese investment.
Regarding foreign investment inflows, the Ministry reported that as of August 31, 2024, the total newly registered, adjusted, and contributed capital of foreign investors exceeded 20.52 billion USD, a 7% increase compared to the same period in 2023.
Specifically, there were 2,247 new projects granted investment registration certificates (up 8.5% year-on-year), with a total registered capital of nearly 12 billion USD (up 27% year-on-year). There were also 926 projects registering for capital adjustment (up 4.9% year-on-year), with a total additional registered capital of over 5.7 billion USD (up 14.8% year-on-year). Additionally, there were 2,196 transactions of capital contribution and share purchases by foreign investors (down 7.8% year-on-year), with a total value of nearly 2.81 billion USD (down 40.9% year-on-year).
Foreign investors have injected capital into 18 out of 21 sectors of the national economy. The manufacturing industry took the lead with a total investment of nearly 14.17 billion USD, accounting for over 69% of the registered investment capital and marking a 7.4% increase compared to the same period last year.
The real estate sector ranked second, attracting more than 3.36 billion USD in investment, or nearly 16.4% of the total registered investment capital, representing a significant surge of 77.6% year-on-year. This was followed by wholesale and retail, and professional activities, scientific and technological sectors, with total registered capital of over 844.9 million USD and 761.9 million USD, respectively. The remaining capital was distributed across other sectors.
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In terms of project numbers, the manufacturing industry led with the highest number of new projects (34.3%) and capital adjustments (66.1%). Meanwhile, the wholesale and retail sector had the highest number of capital contribution and share purchase transactions (41.9%).
94 countries and territories invested in Vietnam in the first eight months of 2024. Singapore was the leading investor, with a total investment of over 6.79 billion USD, accounting for nearly 33.1% of the total investment and a remarkable 75.5% increase compared to the same period in 2023. In terms of project numbers, China took the lead in new projects (29.5%), while South Korea led in capital adjustments (24.5%) and capital contribution and share purchases (25.9%).
Ho Chi Minh City attracted the most projects, both in terms of new projects (40.4%), capital adjustments (14.6%), and capital contribution and share purchases (nearly 70.4%).
As of August 31, 2024, foreign-invested projects are estimated to have disbursed approximately 14.15 billion USD, an increase of 8% compared to the same period last year.
Foreign Investment Attraction Reaches $20.52 Billion in the First Eight Months of 2024, a 7% Increase Year-over-Year
As of August 31, 2022, foreign investment in Vietnam reached a remarkable $20.52 billion, according to the General Statistics Office. This figure includes newly registered capital, additional capital, and capital contributions and share purchases by foreign investors. It represents a significant 7% increase compared to the same period last year, showcasing Vietnam’s growing appeal as a global investment destination.
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