In the first nine months of 2024, total FDI capital reached over 24.78 billion USD, an increase of 11.6% compared to the same period in 2023.
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Additionally, the implemented capital of foreign investment projects is estimated at over 17.3 billion USD, an increase of 8.9% compared to the same period last year.
September 2024 witnessed the highest FDI inflow among the months so far this year, with nearly 4.26 billion USD, accounting for 17.2% of the country’s total investment in the nine months. The additional invested capital also hit a year-to-date high, with significant expansions in existing projects.
FDI has been largely concentrated in provinces and cities that excel in attracting foreign investment due to their advantageous infrastructure, stable workforce, proactive administrative reforms, and dynamic investment promotion activities. These include Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria-Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang, and Ninh Thuan. Notably, these ten localities accounted for 80.1% of new projects and 72.9% of investment capital nationwide during the nine-month period.
The largest investors in the first nine months were Vietnam’s traditional partners from Asia. Specifically, the top five countries and regions (Singapore, China, South Korea, Hong Kong, and Japan) accounted for 73.2% of new investment projects and 75.2% of the country’s total registered investment capital.
Numerous large-scale projects in the fields of semiconductors, energy (manufacturing batteries, photovoltaic cells, and silicon bars), production of components, electronic products, and value-added goods have been newly established or expanded during this period.
Exports from the foreign-invested sector continued to grow in the first nine months of 2024 compared to the same period last year. This sector achieved a trade surplus of nearly 38 billion USD (including crude oil) and over 36.5 billion USD (excluding crude oil). This surplus compensated for the domestic enterprises’ trade deficit of nearly 18.2 billion USD, contributing to the country’s overall trade surplus of approximately 19.8 billion USD during the nine months.
As of September 2024, Vietnam had 41,314 valid FDI projects, with a total registered capital of nearly 491.71 billion USD. The cumulative realized capital of FDI projects is estimated at approximately 314.5 billion USD, equivalent to 64% of the total valid registered investment capital.
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