Revealing the "eagle" holding the throne of FDI capital investment in Vietnam

Tuyết Lan |

By the end of October, Vietnam's FDI attraction reached more than 27 billion USD, with adjusted registered capital increasing by nearly 42%.

According to the Ministry of Planning and Investment, as of October 31, 2024, the total newly registered capital, adjusted capital, and capital contribution to buy shares and purchase capital contributions (GVMCP) of foreign investors (FDI) reached nearly 27.26 billion USD, an increase of 1.9% over the same period in 2023.

Accordingly, 2,743 new projects were granted Investment Registration Certificates (up 1.4% over the same period), total registered capital reached nearly 12.23 billion USD (down 2.5% over the same period); 1,151 projects registered to adjust investment capital (up 6% over the same period), total registered capital increased to nearly 8.35 billion USD (up 41.7% over the same period); 2,669 GVMCP transactions of foreign investors (down 10.4% over the same period), total contributed capital value reached more than 3.68 billion USD (down 29% over the same period).

Foreign investors invested in 18 out of 21 sectors of the national economy. Of which, the processing and manufacturing industry took the lead with a total investment capital of nearly 17.1 billion USD, accounting for nearly 62.6% of the total registered investment capital, down 13.5% over the same period.

The real estate industry ranked second with a total investment capital of nearly 5.23 billion USD, accounting for nearly 19.2% of the total registered investment capital, 2.38 times higher than the same period. Next were the electricity production and distribution industries; wholesale and retail with a total registered capital of nearly 1.12 billion USD and nearly 1 billion USD, respectively. The rest were other industries.

In terms of the number of projects, wholesale and retail is the leading industry in terms of the number of new projects (accounting for 35.3%) and the number of GVMCP transactions (accounting for 41.9%). The processing and manufacturing industry leads in the number of capital adjustment projects (accounting for 66.8%).

There were 106 countries and territories investing in Vietnam in the first 10 months of 2024. Of which, Singapore took the lead with a total investment capital of more than 7.79 billion USD, accounting for nearly 28.6% of the total investment capital, up 61.3% over the same period in 2023. China ranked second with more than 3.61 billion USD, accounting for 13.3% of the total investment capital, up 5.4% over the same period. Followed by Korea, Japan...

In terms of number of projects, China is the leading partner in terms of new investment projects (accounting for 28.8%); South Korea leads in terms of capital adjustments (accounting for 23%) and GVMCP (accounting for 25.7%).

Foreign investors invested in 55 provinces and cities across the country in the first 10 months of 2024. Bac Ninh took the lead with a total registered investment capital of nearly 4.7 billion USD, accounting for 17.2% of the total investment capital nationwide, 3.15 times higher than the same period.

Next is Ho Chi Minh City with nearly 2.1 billion USD, accounting for 7.7% of total registered investment capital, down 12.7% over the same period. Quang Ninh ranked third with a total registered investment capital of nearly 1.98 billion USD, accounting for 7.2% of total investment capital nationwide. Following in turn are Hai Phong, Ba Ria - Vung Tau, Binh Duong, Hanoi...

In terms of the number of projects, Ho Chi Minh City leads the country in both the number of new projects (accounting for 41.9%) and GVMCP (accounting for 70.9%). Hanoi leads in the number of projects with adjusted capital (accounting for 14.3%).

By the end of October 2024, it is estimated that foreign investment projects have disbursed more than 19.58 USD, an increase of 8.8% over the same period in 2023.

Exports including crude oil are estimated at nearly 242.1 billion USD, up 13% over the same period, accounting for 72.1% of export turnover. Exports excluding crude oil are estimated at more than 240.5 billion USD, up 13.1% over the same period, accounting for 71.6% of the country's export turnover.

Imports of the FDI sector are estimated at nearly 199.7 billion USD, up 16.3% over the same period and accounting for 63.8% of the country's total import turnover.

In the first 10 months of 2024, the FDI sector had a trade surplus of nearly 42.4 billion USD including crude oil and a trade surplus of more than 40.8 billion USD excluding crude oil. Meanwhile, the domestic enterprise sector had a trade deficit of nearly 19.4 billion USD.

Tuyết Lan
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