Vietnam attracts over US$2.36 billion in FDI in first month of 2024
Vietnam had attracted more than US$2.36 billion in foreign direct investment (FDI) as of January 20, an increase of 40.2% over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
As many as 190 new projects were granted investment registration certificates, a year-on-year rise of 24.2%, with a total registered capital of more than US$2 billion, 66.9% higher than that of the same period last year.
The sharp increase in the number of projects and the appearance of large-scale projects (with an investment of more than US$600 million each) were one of the main factors driving the sharp increase in foreign investment capital.
In addition, 75 projects registered to adjust investment capital with more than US$235.4 million added, down 15.7% and 23.1% respectively.
The month also saw foreign investors contribute more than US$116.5 million to make 174 share purchases, down 14.7% and 33.1% respectively over the same period last year.
Foreign investors disbursed US$1.48 billion during the month, a year-on-year increase of 9.6%.
In terms of investment fields, foreign investors invested in 15 industries out of 21 national economic sectors. Of that, the real estate sector attracted the most with more than US$1.27 billion (53.9%) and the processing and manufacturing industry ranked second with nearly US$926 million (39.2%). They were followed by the science and technology sector with US$65.2 million and wholesale and retail with nearly US$54.5 million.
The wholesale and retail sector attracted the highest number of new projects (accounting for 38.9%) and capital contribution to purchase shares (accounting for 49.4%).
Companies from 39 countries and territories invested in Vietnam in January 2024. Of them, Singapore led with more than US$1.4 billion, accounting for 59.5% of total investment capital. Japan came second with nearly US$297 million.
The foreign investors invested in 35 provinces and cities across the country. Hanoi attracted the most FDI this month with over US$867 million, or 36.7% of the total registered investment capital and 39.7 times higher than the same period in 2023. Ba Ria-Vung Tau ranked second with nearly US$282 million, followed by Bac Giang, Bac Ninh, and Dong Nai.
