Foreign investment in the first two months of 2024 is positive

According to a quick report from the Foreign Investment Agency, Ministry of Planning and Investment, as of February 20, 2024, it is estimated that foreign investment (FDI) projects have disbursed about 2.8 billion USD, an increase of 9.8% over the same period in 2023.

Registered and disbursed capital continues to increase sharply

As of February 20, 2024, the total newly registered, adjusted and contributed capital for share purchase and capital contribution purchase (GVMCP) by foreign investors reached more than 4.29 billion USD, an increase of 38.6% over the same period in 2023. The realized capital of foreign investment projects is estimated at about 2.8 billion USD, an increase of 9.8% over the same period in 2023.

In total registered capital, in addition to adjusted investment capital and reduced GVMCP, newly registered investment capital still increased sharply. Specifically, newly registered capital had 405 new projects (up 55.2% over the same period), total registered capital reached nearly 3.6 billion USD (more than 2 times over the same period); adjusted capital had 159 projects registering to adjust investment capital (up 19.5% over the same period), total registered capital increased to 442.1 million USD (down 17.4% over the same period); Capital contribution and share purchase had 367 GVMCPs of foreign investors (down 16.6% over the same period), total contributed capital value reached more than 255.4 million USD (down 68% over the same period).

Comparison of FDI capital in the first 2 months of 2024 with the same period

Foreign investors have invested in 16 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 2.54 billion USD, accounting for 59.1% of the total registered investment capital and an increase of 16.8% over the same period. The real estate business sector ranked second with a total investment capital of nearly 1.41 billion USD, accounting for 32.7% of the total registered investment capital, 3.5 times higher than the same period. Next were the wholesale and retail sectors; professional activities, science and technology with a total registered capital of 125.2 million USD and nearly 76.4 million USD, respectively. The rest were other sectors.

In terms of the number of projects, the processing and manufacturing industry is the leading industry in terms of the number of new projects (accounting for 39.2%) and capital adjustment (accounting for 62.3%). The wholesale and retail industry leads in the highest number of GVMCP transactions (43.9%).

FDI structure in the first 2 months of 2024 by industry

According to statistics, 48 ​​countries and territories have invested in Vietnam in the first two months of 2024. Of which, Singapore leads with a total investment capital of more than 2.08 billion USD, accounting for 48.5% of the total investment capital, 2.1 times higher than the same period in 2023; Hong Kong (China) ranks second with nearly 525.7 million USD, accounting for 12.2% of the total investment capital, nearly 5.1 times higher than the same period. Followed by Japan, China, ...

In terms of number of projects, China is the leading partner in terms of new investment projects (accounting for 32.3%); South Korea leads in terms of capital adjustments (accounting for 25.8%) and GVMCP (accounting for 28.9%).

FDI structure in the first 2 months of 2024 by partner

Foreign investors invested in 38 provinces and cities across the country in the first two months of 2024. Of which, Hanoi took the lead with a total registered investment capital of nearly 914.4 million USD, accounting for 21.3% of the total registered investment capital and 24.4 times higher than the same period in 2023. Quang Ninh ranked second with a total registered investment capital of more than 471.1 million USD, accounting for nearly 11% of the total investment capital nationwide. Followed by Thai Nguyen, Ba Ria - Vung Tau, Bac Ninh, ...

In terms of number of projects, Ho Chi Minh City leads the country in both number of new projects (accounting for 35.6%), capital adjustment (accounting for 18.9%) and GVMCP (accounting for 71.1%).

FDI structure in the first 2 months of 2024 by locality

Investors expand production and business in Vietnam

The report shows that the total registered investment capital in the first two months of 2024 continued to increase compared to the same period (up 38.6%), but the increase decreased slightly by 1.6 percentage points compared to January 2024.

Investment capital is concentrated in provinces and cities with many advantages in attracting FDI (good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion, etc.) such as Hanoi, Quang Ninh, Thai Nguyen, Ba Ria - Vung Tau, Bac Ninh, Dong Nai, Bac Giang, Ho Chi Minh City, Hai Phong, Hung Yen. These 10 localities alone accounted for 74.3% of new projects and 81.7% of the country's investment capital in the first 2 months of 2024.

The largest investment partners in the first two months of the year were all traditional partners of Vietnam and came from Asia. Of which, the top 5 partners (Singapore, Hong Kong, Japan, China, South Korea) alone accounted for 77% of new investment projects and nearly 85.5% of the total registered investment capital of the country.

New investment increased sharply in both the number of projects and total registered capital. With a 55.2% increase in the number of projects and a number of large projects with investment capital of hundreds of millions of USD newly registered, the total newly registered investment capital in the first two months of 2024 was more than double that of the same period and increased by 36.9 percentage points compared to January 2024.

In addition, although adjusted investment capital still decreased compared to the same period, the decrease rate improved compared to January 2024 (up 5.7 percentage points). The number of projects adjusting capital also increased by 19.5% compared to the same period, instead of decreasing by 15.7% compared to the same period in January 2024. This shows that foreign investors continue to trust and expand production and business in Vietnam.

Thus, as of February 20, 2024, the country currently has 39,553 valid projects with a total registered capital of 473.1 billion USD. The accumulated realized capital of foreign direct investment projects is estimated at nearly 300 billion USD, equivalent to nearly 63.4% of the total registered investment capital in effect.

Foreign investors have invested in 19/21 sectors in the national economic classification system. Of which, the processing and manufacturing industry accounts for the highest proportion with nearly 285.4 billion USD (accounting for 60.3% of total investment capital). Next are real estate businesses with more than 69.6 billion USD (accounting for 14.7% of total investment capital); electricity production and distribution with nearly 40.7 billion USD (accounting for nearly 8.6% of total investment capital).

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