Foreign Investment Attraction in Vietnam in the First Half of 2024
As of June 20, 2024, the total registered capital for new, adjusted, and contributed capital for share purchases by foreign investors reached over $15.2 billion, an increase of 13.1% compared to the same period in 2023.
Specifically, there were 1,538 new projects granted investment registration certificates (an increase of 18.9% compared to the same period), with a total registered capital of nearly $9.54 billion (an increase of 46.9% compared to the same period). There were 592 projects registered for capital adjustment (a decrease of 6.3% compared to the same period), with an additional registered capital of over $3.95 billion (an increase of 35% compared to the same period). Additionally, there were 1,420 transactions of capital contributions by foreign investors (a decrease of 10.9% compared to the same period), with a total contribution value of nearly $1.7 billion (a decrease of 57.7% compared to the same period).
- By Economic Sector:
Foreign investors have invested in 18 out of 21 national economic sectors. The processing and manufacturing industry led with a total investment of nearly $10.69 billion, accounting for 70.4% of the total registered capital, an increase of 26.3% compared to the same period. The real estate sector ranked second with a total investment of over $2.47 billion, accounting for nearly 16.3% of total registered capital, an increase of 61.5% compared to the same period. Other sectors included retail trade and professional, scientific, and technical activities, with registered capital of nearly $614 million and over $452 million, respectively.
- By Investing Country:
In the first half of 2024, 84 countries and territories invested in Vietnam. Singapore led with a total investment of nearly $5.58 billion, accounting for nearly 36.7% of total investment, an increase of 86% compared to the same period in 2023. Japan ranked second with over $1.73 billion, accounting for 11.4% of total investment, a decrease of 21.6% compared to the same period. Following were Hong Kong, South Korea, and China.
Singapore is the leading foreign investor in Vietnam during the first six months of 2024, with a total investment of nearly 5.58 billion USD, accounting for approximately 36.7% of the total investment.
- By Project Numbers
China was the leading partner in terms of the number of new investment projects (accounting for 29.1%); South Korea led in the number of capital adjustments (accounting for 24.8%) and capital contributions (accounting for 26.4%).
- By Province
Foreign investors have invested in 48 provinces and cities nationwide in the first half of 2024. Bac Ninh led with a total registered capital of nearly $2.58 billion, accounting for nearly 17% of total national investment, more than 3.1 times the same period last year. Ba Ria – Vung Tau followed with nearly $1.54 billion, accounting for 10.1% of total registered capital, more than 12 times the same period. Quang Ninh ranked third with a total registered capital of over $1.36 billion, accounting for nearly 9% of total national investment. Subsequent rankings included Hanoi, Hai Phong, and Ho Chi Minh City. In terms of the number of projects, Ho Chi Minh City led the nation in both new projects (accounting for 38.8%) and capital contributions (accounting for nearly 71.5%). Bac Ninh led in the number of capital adjustments (accounting for 13.5%).
Bac Ninh topped the country with a total registered capital of nearly $2.58 billion, accounting for nearly 17% of total national investment, more than 3.1 times the same period.
[Source: Ministry of Planning and Investment]
