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  3. FDI CAPITAL INTO VIETNAM REACHED $6.17 BILLION, WITH CHINA LEADING IN TERMS OF NEW PROJECTS

FDI CAPITAL INTO VIETNAM REACHED $6.17 BILLION, WITH CHINA LEADING IN TERMS OF NEW PROJECTS

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According to the Foreign Investment Agency, in the first quarter of 2024, China was the leading partner in terms of new investment projects (accounting for 27.8%). Meanwhile, South Korea led in terms of capital adjustment projects (23%).

According to the report from the Foreign Investment Agency, Ministry of Planning and Investment, as of March 20, the total newly registered capital of foreign investors (FDI) reached over $6.17 billion, up 13.4% compared to the same period last year.

The implemented capital of foreign investment projects is estimated to reach around $4.63 billion, up 7.1% compared to the same period in 2023.

Up to March 20, 2024, the whole country had 39,758 valid projects with a total registered capital of nearly $475.83 billion. The accumulated implemented capital of foreign investment projects is estimated at $301.8 billion, accounting for 63.4% of the total registered investment capital still in effect.

Foreign investors have invested in 17 out of 21 national economic sectors. Among them, the manufacturing and processing industry led with a total investment capital of nearly $3.93 billion, accounting for nearly 63.6% of the total registered investment capital, a slight decrease of 1.3% compared to the same period.

The real estate business sector ranked second with a total investment capital of over $1.58 billion, accounting for 25.6% of the total registered investment capital, nearly 2.1 times higher than the same period.

Following are wholesale and retail sectors; professional activities, science and technology with total registered capital of over $224.8 million and nearly $190.2 million, respectively.

As of the first three months of 2024, 62 countries and territories have invested in Vietnam. Singapore led with a total investment capital of over $2.55 billion, accounting for 41.3% of the total investment capital, up 51.3% compared to the same period in 2023.

Hong Kong ranked second with over $1.05 billion, accounting for 17.1% of the total investment capital, nearly 2.3 times higher than the same period. Investments from Singapore and Hong Kong are mainly new investments, accounting for 89.5% and 79.1% of the total investment capital of Singapore and Hong Kong in the first three months, respectively. Next is China, Japan...

In terms of the number of projects, China leads in the number of new investment projects (27.8%); South Korea leads in terms of capital adjustment projects (23%).

Also according to the Foreign Investment Agency, in the first three months of 2024, Vietnamese investors have invested in 22 new investment projects and adjusted capital in 2 projects abroad. The total investment capital of Vietnam abroad reached $28.94 million (equivalent to 24.2% compared to the same period).

Vietnamese investors have invested abroad in 9 sectors. Among them, the investment capital is mostly concentrated in wholesale and retail sectors (accounting for 39.8% of the capital); real estate business activities (accounting for 18.6% of the capital); construction (accounting for 17.3% of the capital), while the rest are in other sectors.

Thirteen countries and territories have received investment from Vietnam in the first three months of 2024. The countries attracting the most investments from Vietnam are the United States (23%), New Zealand (20.3%), Germany (18.6%), Laos, Singapore...

As of February 20, 2024, Vietnam had 1,720 effective foreign investment projects with a total Vietnamese investment capital of over $22.12 billion. Vietnamese investment abroad is mostly concentrated in mining (31.5%); agriculture, forestry, and fisheries (15.5%). The regions receiving the most investment from Vietnam are Laos (24.7%), Cambodia (13.2%), Venezuela (8.3%)...

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