As of August 31, 2024, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached over 20.52 billion USD, rising 7% year-on-year. The capital generated by FDI projects was estimated at 14.15 billion USD, up 8% over the same period in 2023. Accumulated to August 31, 2024, the whole country has 41,142 valid projects with a total registered capital of nearly 491.39 billion USD. The accumulated realised capital of foreign investment projects reached about 311.33 billion USD, equalling 63.4% of the total valid registered investment capital.
FDI performance
Realised capital
As of the end of August, 2024, disbursement of FDI projects were estimated at about 14.15 billion USD, up 8% year-on-year.
Import and export performance
Export (including crude oil) was estimated over 189.8 billion USD, up 13% year-on-year, accounting for 72.2% of export turnover. Export (excluding crude oil) was 188.5 billion USD, rising 13.1% from a year earlier, accounting for 71.7% of the country’s export turnover.
Imports of the foreign-invested sector attained 157 billion USD, an increase of 16.9% over the previous period and accounting for 63.7% of the country’s import turnover.
In the eight months of 2024, the FDI sector saw a trade surplus of over 32.8 billion USD including crude oil and over 31.5 billion USD excluding crude oil, while the domestic sector had a trade surplus of 16.5 billion USD.
Investment registration
As of the end of August 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 20.52 billion USD, up 7% year-on-year. The capital contributions and share purchases continued fell while newly registered capital and adjusted capital surged.
Of which:
Newly registered capital: There were 2,247 projects worth nearly 12 billion USD, were granted licenses, up 8.5% in number and 27% in value year-on-year.
Adjusted capital: There were 926 turns of project registering to adjust their investment (up 4.9% on-year) with a total additional capital of 5.7 billion USD (up 14.8% year-on year).
Capital contribution and share purchases: There were 2,196 capital contribution and share purchases by foreign investors (down 7.8% year-on-year) with a value of over 2.81 billion USD (down 40.9% year-on-year).
By sector
Foreign investors poured funds into 18 out of 21 sectors in the national economic classification system, of which the processing and manufacturing industry took the lead with nearly 14.17 billion USD, making up 69% of the total and up 7.4% compared with the figure as the same period last year. The real estate came next with a total investment of approximately 3.36 billion USD, accounting for 16.4% of the total. Followed were wholesale and retail and professional activities, science and technology with nearly 844.9 million USD and nearly 761.9 million USD, respectively.
It is also worth noting that processing and manufacturing was the sector with the largest number of newly-registered projects (34.3%) and number of capital adjustment (66.1%). The wholesale and retail led in the number of capital contribution and share purchases (41.9%).
Many large projects in sectors such as semiconductors, energy (battery production, solar cells,…), manufacturing of components, electronic products, and high value-added products have seen new investments and capital expansion in the first eight months.
By counterpart
There were 94 countries and territories investing in Vietnam in eight months of 2024. Singapore was Vietnam’s leading source of foreign investment with over 6.79 billion USD, making up 33.1% of the total FDI registered in the country (up 75.5% year-on-year). Hong Kong came second with approximately 2.4 million USD, making up 11.7% of the total, up 43.7% as compared with the same period last year. The next are Japan, China and so on.
Regarding the number of projects, China led in terms of number of newly-registered projects (accounting for 29.5%); South Korea topped the list when it comes to turns of capital adjustment (24.5%) and capital contributions and share purchases (25.9%).
By location
The foreign investors had invested in 54 provinces and cities nationwide in eight months of 2024. Bac Ninh led the way with a total registered capital of nearly 3.47 billion USD, making up 16.9% of the total and 2.94 times more from a year earlier. Quang Ninh ranked second with over 1.78 billion USD, accounting 8.7% of the total and 2.3 times more from a year earlier. Followed by Ho Chi Minh City, Ba Ria – Vung Tau, Ha Noi, Hai Phong and so on.
Ho Chi Minh City was the best performer in attracting new projects (40.4%) and capital contributions and share purchases (70.4%) and turns of adjusted projects (14.6%).
