The Foreign Investment Agency released data on newly registered, adjusted, and capital contributions or share purchases by foreign investors (FDI) after nine months of 2024.
According to Ministry of Planning and Investment, as of September 30, the total newly registered, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam had reached over USD 24.78 billion, a nearly 12% increase compared to the same period last year.
The disbursed capital of foreign investment projects in Vietnam also reached an estimated USD 17 billion, up 9% year-on-year.
In September alone, total FDI into Vietnam reached the highest level of the year so far, at nearly USD 4.26 billion, accounting for 17% of the total FDI for the nine months. Additional capital for existing projects also reached a peak with several large capital expansion projects.
Many significant foreign investment projects in sectors such as semiconductors, energy, component manufacturing, and electronic products were newly invested or expanded in the first nine months.
Foreign investment capital was concentrated in provinces and cities with strong advantages in attracting FDI, such as good infrastructure, a stable workforce, administrative reform efforts, and active investment promotion. These included Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria-Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang, and Ninh Thuan. These 10 localities alone accounted for 80.1% of new projects and 72.9% of the total investment capital nationwide in the first nine months.
Vietnam's largest foreign investment partners over the past nine months continued to be traditional partners from Asia. Singapore, China, South Korea, Hong Kong (China), and Japan accounted for 73.2% of new projects and 75.2% of the total registered investment capital.
Significant investments were made in industries such as semiconductors, energy (battery production, photovoltaic cells, silicon rods), and high-value-added manufacturing and components production during this period.
Exports from the foreign-invested sector continued to rise in the first nine months, with a trade surplus of nearly USD 38 billion (including crude oil) and a surplus of over USD 36.5 billion (excluding crude oil). This helped offset the trade deficit of over USD 18 billion from domestic enterprises, leading to a national trade surplus of nearly USD 20 billion over nine months.
Foreign investors have invested in 19 out of 21 industries in the national economic sector system. The manufacturing and processing sector accounted for the largest proportion with over USD 298.7 billion (60.7% of total investment).
This was followed by the real estate sector with over USD 71.5 billion (14.5% of total investment) and the electricity production and distribution sector with nearly USD 41.7 billion (8.5% of total investment).
As of September 2024, Vietnam had 41,314 FDI projects still in effect, with cumulative registered capital reaching nearly USD 491.71 billion.
The cumulative realized capital of FDI projects was estimated at about USD 314.5 billion, equivalent to nearly 64% of the total registered investment capital still in effect.
Unlock opportunities! Join our expanding international supply chain network to boost your business, connect with top-tier partners, and stay ahead in the competitive construction industry. Click to discover how we can help you grow.
Service detailEnhance your brand presence and recognition! Join our netawork to elevate your brand image and visibility. Connect with industry experts, showcase your expertise, and gain the spotlight you deserve. Click to learn more and boost your brand today.
Service detailDiscover new business opportunities with a strong online presence! Join to attract interest, connect with potential partners, and drive growth. Click to explore how we can help you expand your reach and generate leads.
Service detailOn July 3rd, 2024, FIBIC welcomed a group of business delegation from our key partners: Shenzhen Industry Convergence Promotion Association (SZICPA) and Hong Kong Technology Innovation & Integration Association (HKTII) to visit Vietnam and find out about the investment opportunities in the country. We had arranged the whole trip for the delegation including several meaningful and practical activities such as: site tours to different industrial parks, ready-built facilities, construction sites, meetings & dinner networking.
On June 26, 2024, the 11th floor of the Vietnam Economy Times (VET) Building in Hanoi was abuzz with the energy and enthusiasm of industry leaders, investors, and professionals who came together for the Vietnam Industrial Connect 2024 conference. FIBIC team are pleased to participate the event as one of the sponsor and contribute to the organization of a successful event. It provided a platform for meaningful discussions on socio-economic development, foreign investment trends, and the future prospects of Vietnam's FDI attraction.
In today’s rapidly evolving global market, Vietnam stands as a vibrant hub for industrial development and foreign investment. With its strategic location, robust economic policies, and a welcoming business environment, Vietnam offers unparalleled opportunities for investors from around the world, particularly from China, Hong Kong, and other key regions.
.JPG)
