Việt Nam attracts nearly $21 billion in FDI in eight months
The total registered foreign direct investment (FDI) in Việt Nam reached nearly US$21 billion as of August 31, up 7 per cent over the same period last year.
According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, as of August 31, the total registered foreign direct investment (FDI) in Việt Nam reached over US$20.52 billion, representing a 7 per cent year-on-year increase.
The realised capital for FDI projects was estimated at $14.15 billion, up 8 per cent.
Specifically, 2,247 new projects were granted investment registration certificates, with a total registered capital of nearly $12 billion, an 8.5 per cent increase in the number of projects and a 27 per cent rise in capital year-on-year.
There were 926 projects registered for capital adjustments, a 4.9 per cent increase from the same period, with additional registered capital reaching more than $5.7 billion, up 14.8 per cent.
"Foreign investment in Việt Nam continues to follow a positive trend. Particularly, new investments and capital adjustments have increased in terms of the number of projects and the scale of investment capital," FIA remarked.
Regarding investment partners, 94 countries and territories invested in Việt Nam during the first eight months of 2024.
Singapore led with a total investment of over $6.79 billion, accounting for nearly 33.1 per cent of total investment, an increase of 75.5 per cent compared to the same period in 2023.
Hong Kong (China) ranked second with $2.4 billion, making up 11.7 per cent of total investment, up 43.7 per cent.
The largest investment partners during the eight months all came from Asia and are traditional partners of Việt Nam. The top five countries and territories, including Singapore, Hong Kong (China), Japan, mainland China and South Korea, accounted for 74 per cent of new investment projects and 77.1 per cent of the country's total registered capital.
In terms of investment sectors, foreign investors have financed projects in 18 out of 21 national economic sectors. The processing and manufacturing industry led with a total investment of nearly $14.17 billion, accounting for more than 69 per cent of total registered capital, up 7.4 per cent compared to the same period in 2023.
As for investment locations, FDI was registered in 54 provinces and cities across the country during the first eight months of 2024.
Bắc Ninh led with a total registered capital of nearly $3.47 billion, accounting for 16.9 per cent of the total capital, 2.94 times higher than the same period last year.
In the first eight months, 10 localities -- Bắc Ninh, Quảng Ninh, HCM City, Bà Rịa - Vũng Tàu, Hà Nội, Hải Phòng, Bình Dương, Đồng Nai, Bắc Giang and Thái Nguyên -- accounted for 80.7 per cent of new projects and 77.3 per cent of foreign investment capital.
As of August 31, Việt Nam had 41,142 valid foreign investment projects with a total registered capital of $491.39 billion. The accumulated realised capital of foreign investment projects was estimated at about $311.33 billion, equivalent to 63.4 per cent of the total registered capital in effect. — VNS
