Foreign Investment Situation in the First Quarter of 2024
(MPI) – As of March 20, 2024, the total registered capital for new projects, adjustments, and capital contributions (equity purchases) by foreign investors reached over 6.17 billion USD, an increase of 13.4% compared to the same period in 2023. While adjusted investment capital and equity purchases decreased, new registered investment capital continued to show growth compared to the previous year.
Specifically, there were 644 new projects granted investment registration certificates (IRC), an increase of 23.4% compared to the same period, with total registered capital exceeding 4.77 billion USD (up 57.9% year-on-year). There were 248 projects that registered capital adjustments (an increase of 6% year-on-year), with additional registered capital of 934.6 million USD (down 22.6% year-on-year). There were also 604 equity purchase transactions (a decrease of 14.1% year-on-year), with a total contribution value of nearly 466.2 million USD (down 61.7% year-on-year).
Foreign investors have invested in 17 out of 21 sectors of the national economy. The processing and manufacturing industry led with total investment capital of nearly 3.93 billion USD, accounting for about 63.6% of total registered capital, a slight decrease of 1.3% compared to the same period last year. The real estate sector ranked second with total investment of over 1.58 billion USD, making up 25.6% of total registered capital, nearly 2.1 times higher than the same period last year. Following that were the wholesale and retail sectors, and professional, scientific, and technical activities, with registered capital of over 224.8 million USD and nearly 190.2 million USD, respectively.
The processing and manufacturing industry led with total investment of nearly 3.93 billion USD
A total of 62 countries and territories invested in Vietnam during the first three months of 2024. Among these, Singapore ranked first with total investment of over 2.55 billion USD, accounting for 41.3% of total investment, an increase of 51.3% compared to the same period in 2023. Hong Kong came second with over 1.05 billion USD, making up 17.1% of total investment, over 2.3 times higher than the same period last year. Investments from Singapore and Hong Kong were primarily new investments, accounting for 89.5% and 79.1% of their respective total investments during these three months. Following were China, Japan, and others.
Singapore ranked first with total investment of over 2.55 billion USD, accounting for 41.3% of total investment
In terms of the number of projects, China led in new investment projects (accounting for 27.8%); South Korea led in capital adjustments (accounting for 23%) and equity purchases (also 27.8%).
China is the leading partner in the number of new investment projects (accounting for 27.8%)
Foreign investors have invested in 42 provinces and cities across the country in the first quarter of 2024. Hanoi led with total registered investment of over 970.8 million USD, accounting for 15.7% of total registered investment and more than 6.1 times higher than the same period in 2023. Bac Ninh ranked second with nearly 745.2 million USD, accounting for almost 12.1% of total national investment. This was followed by Quang Ninh, Thai Nguyen, Ho Chi Minh City, Dong Nai, and others.
In terms of the number of projects, Ho Chi Minh City ranked first in the country for new projects (accounting for 38.4%), capital adjustments (17.3%), and equity purchases (72.7%).
Ho Chi Minh City leads the country in the number of new projects (accounting for 38.4%).
[Source: Ministry of Planning and Investment]
