Nearly 27.26 billion USD of foreign investment capital registered in Vietnam, the growth trend is slowing down

Total foreign investment capital registered in Vietnam in the first 10 months reached nearly 27.26 billion USD, up only 1.9% over the same period last year. Notably, newly registered capital decreased compared to the same period in 2023.

According to data just released by the Foreign Investment Agency (Ministry of Planning and Investment), as of October 31, 2024, the total registered foreign investment capital in Vietnam reached nearly 27.26 billion USD, an increase of 1.9% over the same period in 2023.

Of these, there were 2,743 newly registered projects, with total registered capital reaching nearly 12.23 billion USD, up 1.4% and down 2.5% over the same period last year.

Meanwhile, regarding capital adjustment, there were 1,151 projects registered to adjust investment capital, up 6%, with the total registered capital increase reaching nearly 8.35 billion USD, up 41.7% over the same period.

Regarding investment through capital contribution and share purchase, in 10 months, there were 2,669 capital contribution and share purchase transactions by foreign investors, with a total capital contribution value of more than 3.68 billion USD, down 10.4% and 29% respectively compared to the same period.

Amkor's project to increase investment capital by an additional 1.07 billion USD has helped foreign investment capital adjust and maintain its "form".

Looking at the above figures, it can be seen that although foreign investment capital in Vietnam is still in a positive trend, it is showing signs of slowing down. In 10 months, the total registered foreign investment capital in Vietnam increased by only 1.9%, down 9.7 percentage points compared to the increase in 9 months.

In particular, new investment capital decreased by 2.5% after a period of strong growth. The number of newly registered projects also increased slightly by only 1.4% compared to the same period last year. And the reason pointed out by the Foreign Investment Agency is that new investment projects in October 2024 were small in scale, with only a few projects having investment capital from over 100 million USD to over 300 million USD. Meanwhile, in October 2023, there were 3 projects with large investment capital from over 500 million USD to 1.5 billion USD.

Investment capital through capital contribution and share purchase is also continuing to decline. On the contrary, adjusted investment capital in the 10 months is still maintaining a strong increase (41.7%). This is a positive point related to the picture of attracting foreign investment in Vietnam from the beginning of the year to the year.

Another positive point is that disbursed capital still maintains its performance. According to the figures announced by the Foreign Investment Agency, in 10 months, about 19.58 billion USD of foreign investment capital was disbursed, an increase of 8.8% over the same period in 2023.

Also a positive trend is that many large projects in the fields of semiconductors, energy (production of batteries, photovoltaic cells, silicon bars), manufacturing of components, electronic products, products with high added value... have received new investment and capital expansion in 10 months.

Commenting on the situation of attracting foreign direct investment (FDI) into Vietnam, the Foreign Investment Agency said that investment capital continues to focus on 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, etc.), such as Bac Ninh, Ho Chi Minh City, Quang Ninh, Hai Phong, Ba Ria - Vung Tau, Binh Duong, Hanoi, Dong Nai, Bac Giang, Ninh Thuan. These 10 localities alone accounted for 79.9% of new projects and 70.9% of the country's investment capital in 10 months.

Figures from the Foreign Investment Agency also show that in the past 10 months, foreign investors have 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 business 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 investment partners, 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, Hong Kong...

Source: https://baodautu.vn/gan-2726-ty-usd-von-dau-tu-nuoc-ngoai-dang-ky-vao-viet-nam-xu-huong-tang-dang-cham-lai-d229253.html