Electronic components production at Katolec Vietnam Co., Ltd. (Quang Minh Industrial Park, Hanoi). Photo: Nhat Nam
Specifically, 190 new projects were granted Investment Registration Certificates in the month, up 24.2% over the same period; with total registered capital reaching over 2 billion USD, up 66.9%. The sharp increase in the number of projects and the appearance of large-scale projects (over 600 million USD) are among the main factors driving the sharp increase in foreign investment capital.
In addition, in January 2024, there were 75 projects registering to adjust investment capital, down 15.7% over the same period, with the total registered capital increasing to more than 235.4 million USD, down 23.1% over the same period, and there were 174 capital contributions to buy shares by foreign investors (down 14.7% over the same period), with the total value of contributed capital reaching more than 116.5 million USD, down 33.1%.
Along with the positive trend of registered capital, disbursed capital is also very positive with an increase of 9.6% compared to January 2023 when foreign investors disbursed 1.48 billion USD.
In terms of investment sectors, foreign investors have invested in 15 out of 21 sectors of the national economy; of which, the real estate business sector is leading with a total investment capital of more than 1.27 billion USD, accounting for 53.9% of the total registered investment capital and 2 times higher than the same period; the processing and manufacturing industry is second with a total investment capital of nearly 926 million USD, accounting for 39.2% of the total registered investment capital; followed by professional activities, science and technology; wholesale and retail with a total registered capital of 65.2 million USD and nearly 54.5 million USD, respectively.
In terms of the number of projects, wholesale and retail is the leading industry in terms of the number of new projects (accounting for 38.9%) and capital contribution to buy shares (accounting for 49.4%). The processing and manufacturing industry accounts for the highest proportion of capital adjustments (73.3%).
In terms of investment partners, there were 39 countries and territories investing in Vietnam in January 2024; of which, Singapore took the lead with a total investment capital of more than 1.4 billion USD, accounting for 59.5% of total investment capital, up 72.8% over the same period in 2023; Japan ranked second with nearly 297 million USD, accounting for 12.6% of total investment capital, more than 7 times higher than the same period; followed by Samoa, China, Hong Kong (China)...
In terms of the number of projects, China is the leading partner in the number of new investment projects (accounting for nearly 19%); South Korea leads in the number of capital adjustments (accounting for 26.7%) and capital contributions to buy shares (accounting for 25.3%).
Foreign investors invested in 35 provinces and cities across the country in January 2024. Hanoi took the lead with a total registered investment capital of more than 867 million USD, accounting for 36.7% of the total registered investment capital and 39.7 times higher than the same period in 2023. Ba Ria - Vung Tau ranked second with a total registered investment capital of nearly 282 million USD, accounting for 11.9% of the total investment capital nationwide. Followed by Bac Giang, Bac Ninh, Dong Nai...
According to the Foreign Investment Agency, Hanoi's investment capital increased sharply due to a large new investment project with a total investment capital of more than 662 million USD with the goal of investing in a new urban area project in Hanoi. In terms of the number of projects, Ho Chi Minh City leads the country in both the number of new projects (accounting for 42.1%) and capital contribution to buy shares (accounting for 78.2%). Bac Ninh leads in the number of projects with adjusted capital (accounting for 16%).
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