The Foreign Investment Agency (Ministry of Planning and Investment) has just released a report on foreign investment attraction in Vietnam in the first two months of 2024.
More than 4.29 billion USD of FDI capital invested in Vietnam after the first 2 months of the year. Illustrative photo.
Hanoi leads the country in attracting FDI in the first two months of the year
As of February 20, the total newly registered capital, adjusted capital, and capital contribution to buy shares and capital contributions of foreign direct investors reached more than 4.29 billion USD, up 38.6% over the same period in 2023. The realized capital of foreign investment projects is estimated at about 2.8 billion USD, up 9.8% over the same period in 2023.
Specifically, in the first two months of the year, 405 new FDI projects were granted investment certificates, up 55.2% over the same period, with total registered capital reaching nearly 3.6 billion USD, more than double that of the same period last year. Along with that, there were 159 projects registering to adjust investment capital, up 19.5% over the same period, with total registered capital increasing to 442.1 million. Capital contribution and share purchase had 367 projects, with total contributed capital value reaching over 255.4 million USD.
The realized capital of foreign investment projects in the first two months of the year is estimated at about 2.8 billion USD, an increase of 9.8% over the same period in 2023.
According to the Ministry of Planning and Investment, 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 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.
In the first two months of the year, foreign investors invested in 38 provinces and cities across the country in the first two months of 2024. 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 in the country. Followed by Thai Nguyen, Ba Ria-Vung Tau, Bac Ninh...
FDI capital flowed into 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 increasing by 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 are wholesale and retail; professional activities, science and technology with total registered capital reaching 125.2 million USD and nearly 76.4 million USD respectively. The rest are other industries.
Singaporean enterprises account for nearly half of total FDI capital in Vietnam.
There were 48 countries and territories investing in Vietnam in the first two months of 2024; of which, Singapore took the lead 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) ranked 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...
The largest investment partners in the first two months of the year were all traditional partners of Vietnam and came from Asia. The top five countries, Singapore, Hong Kong (China), Japan, China, and South Korea, 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 in 2023 and increased by 36.9 percentage points compared to January 2024.
(VTV.vn)
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