Vietnam attracts nearly 25 billion USD of FDI capital in the first 9 months of the year

Tuyết Lan |

In the first 9 months of the year, total FDI capital increased to nearly 25 billion USD. In particular, many large projects in the fields of semiconductors and energy received new investment and capital expansion.

According to the Foreign Investment Agency, Ministry of Planning and Investment, as of September 30, 2024, newly registered, adjusted and contributed capital to buy shares by foreign investors reached more than 24.78 billion USD, an increase of 11.6% over the same period in 2023.

Notably, in September 2024 alone, there were 3 projects with large capital adjustments from over 200 million USD to nearly 1 billion USD, bringing the total additional investment capital of these 3 projects to over 1.5 billion USD. Accordingly, the adjusted registered capital of nearly 1,027 projects registered to increase capital since the beginning of the year to date reached over 7.64 billion USD, an increase of 48.1% over the same period.

In addition to the increased adjusted capital, in the first 9 months, newly registered capital from 2,492 new projects also increased by 11.3% over the same period with investment capital reaching more than 13.55 billion USD.

Dau tu nuoc ngoai 9 thang nam 2024 theo thang. Anh: Cuc Dau tu nuoc ngoai
Foreign investment in the first 9 months of 2024 by month. Photo: Foreign Investment Agency

In contrast to the increase in the above two capital flows, the capital contribution and share purchase by foreign investors decreased significantly. In the first 9 months, there were 2,471 capital contribution transactions by foreign investors with a total capital contribution value of nearly 3.59 billion USD, down 26.2% compared to the same period.

With the continuous increase since the beginning of the year, the investment capital scale of new projects increased from 4.68 million USD/project in September 2023 to 5.44 million USD/project in the first 9 months of 2024. Along with that, the adjusted investment capital scale also increased from 5.39 million USD/adjustment in the first 9 months of 2023 to 7.44 million USD/adjustment in the first 9 months of 2024.

According to the Foreign Investment Agency, this is a positive signal showing that foreign investors continue to consider Vietnam an attractive investment destination to "pour capital" in the long term.

In September 2024 alone, the total amount of new, additional and contributed capital to buy shares reached the highest level in the months since the beginning of the year, with nearly 4.26 billion USD, accounting for 17.2% of the total investment capital of the country in the first 9 months. The additional investment capital also reached the highest level since the beginning of the year with projects having large capital expansion.

Dau tu nuoc ngoai 9 thang nam 2024 theo dia phuong. Anh: Cuc Dau tu nuoc ngoai
Foreign investment in the first 9 months of 2024 by locality. Photo: Foreign Investment Agency

Along with that, investment capital is concentrated in provinces and cities with many advantages in attracting foreign investment (good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion...) such as: Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria - Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang, Ninh Thuan. These 10 localities alone accounted for 80.1% of new projects and 72.9% of the country's investment capital in 9 months.

In particular, many large projects in the fields of semiconductors, energy (production of batteries, photovoltaic cells, silicon bars), manufacturing of components, electronic products, and products with high added value received new investment and capital expansion in 9 months.

Tuyết Lan
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