Singapore is the largest FDI investor in Vietnam in the first half of 2024
Among the 57 countries and territories that registered investments in Vietnam in the first six months of 2024, Singapore is the largest investor with 4.01 billion USD, accounting for 42.1% of the total newly registered capital.
According to the General Statistics Office, as of June 20, 2024, the total registered foreign investment in Vietnam, including newly registered capital, adjusted capital, and the value of contributions and share purchases by foreign investors, reached nearly 15.19 billion USD, an increase of 13.1% compared to the same period last year.
Newly registered capital included 1,538 projects licensed with a registered capital of 9.54 billion USD, an increase of 18.9% in the number of projects and an increase of 46.9% in registered capital compared to the same period last year. Among these, the processing and manufacturing industry received the largest amount of foreign direct investment with a registered capital of 6.83 billion USD, accounting for 71.6% of the total new registered capital; the real estate business reached 1.89 billion USD, accounting for 19.9%; and other sectors totaled 817.6 million USD, accounting for 8.5%.
The processing and manufacturing industry received the largest amount of foreign direct investment
Among the 57 countries and territories with newly licensed investment projects in Vietnam in the first half of 2024, Singapore was the largest investor with 4.01 billion USD, accounting for 42.1% of the total newly registered capital; followed by Hong Kong (China) with 1.18 billion USD, accounting for 12.4%; China with 1.01 billion USD, accounting for 10.6%; Japan with 979 million USD, accounting for 10.3%; Turkey with 730.1 million USD, accounting for 7.7%; and Taiwan with 529.8 million USD, accounting for 5.6%.
Singapore is the largest investor with 4.01 billion USD, accounting for 42.1% of the total newly registered capital.
The registered capital for contributions and share purchases by foreign investors included 1,420 transactions with a total contribution value of 1.7 billion USD, a decrease of 57.7% compared to the same period last year. Among these, there were 501 contributions and share purchases that increased the company’s charter capital with a contribution value of 696.7 million USD, and 919 foreign investors who purchased shares in domestic companies without increasing the charter capital, with a value of 1 billion USD. In terms of contributions and share purchases by foreign investors, the capital invested in the real estate business reached 480.3 million USD, accounting for 28.3% of the total value of contributions and share purchases; specialized activities in science and technology reached 324.7 million USD, accounting for 19.1%; and other sectors totaled 893.1 million USD, accounting for 52.6%.
The foreign direct investment realized in Vietnam in the first half of 2024 is estimated at 10.84 billion USD, an increase of 8.2% compared to the same period last year. This is the highest realized foreign direct investment for the first six months in the past five years. Of this, the processing and manufacturing industry accounted for 8.6 billion USD, or 79.3% of the total realized foreign direct investment; the real estate business reached 1 billion USD, accounting for 9.3%; and the production and distribution of electricity, gas, hot water, steam, and air conditioning reached 418 million USD, accounting for 3.9%.
Source: Electronic Magazine of the Economic and Environmental Times
