Closing date August 31: Registered foreign investment capital reached over 20.5 billion USD
The Foreign Investment Agency has officially adjusted the schedule for announcing data on Vietnam’s foreign investment attraction. Accordingly, as of August 31, the country attracted more than 20.5 billion USD, up 7% over the same period last year.
According to data just released by the Foreign Investment Agency, as of August 31, 2024, the total registered foreign investment capital in Vietnam reached more than 20.52 billion USD, an increase of 7% over the same period in 2023. Meanwhile, the realized capital of foreign investment projects is estimated at about 14.15 billion USD, an increase of 8% over the same period in 2023.
It can be seen that there is a new point in this report. That is, the Foreign Investment Agency has officially adjusted the “closing date” of the data. Previously, the reported data was calculated from January 1 of the reporting year to the 20th of each month, but now, it will be calculated until the end of the reporting month. In August 2024, the “closing date” is August 31.
Specifically, according to the Foreign Investment Agency, by the end of August 2024, 2,247 new projects were granted investment registration certificates, with a total registered capital of nearly 12 billion USD, an increase of 8.5% in the number of projects and 27% in capital compared to the same period last year.
Along with that, there were 926 projects registering to adjust investment capital (up 4.9% over the same period), with the total registered capital increase reaching more than 5.7 billion USD (up 14.8% over the same period).
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| Amkor Group has increased its investment capital by another 1.07 billion USD for its semiconductor project in Bac Ninh. |
Regarding capital contributions and share purchases, both the number of transactions and the total value of capital contributions continued to decrease compared to the same period. Specifically, the number of capital contributions and share purchases in the past 8 months was only 2,196, down 7.8% compared to the same period, while the total value of capital contributions reached nearly 2.81 billion USD, down 40.9% compared to the same period.
Thus, foreign investment in Vietnam continues to have a positive trend. In particular, new and adjusted investment increases in both the number of new projects/adjusted capital; new/increased investment capital as well as investment capital scale.
Statistics show that the investment capital scale of new projects increased from 4.56 million USD/project in 8 months of 2023 to 5.34 million USD/project in 8 months of 2024. Meanwhile, the adjusted investment capital scale increased from 5.64 million USD/adjustment in 8 months of 2023 to 6.17 million USD/adjustment in 8 months of 2024.
Commenting on the situation of attracting foreign investment to Vietnam, the Foreign Investment Agency said that investment capital continues to focus on provinces and cities with many advantages, such as good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion...
Notable among them are Bac Ninh, Quang Ninh, Ho Chi Minh City, Ba Ria - Vung Tau, Hanoi, Hai Phong, Binh Duong, Dong Nai, Bac Giang, Thai Nguyen. These 10 localities alone accounted for 80.7% of new projects and 77.3% of the country's total investment capital in the first 8 months.
The largest investment partners in the first 8 months of the year were also traditional partners of Vietnam and came from Asia. The top 5 countries and territories (Singapore, Hong Kong, Japan, China, South Korea) alone accounted for 74% of new investment projects and 77.1% of the total registered investment capital of the country.
“Many large projects in the fields of semiconductors, energy (production of batteries, photovoltaic cells, silicon bars), manufacturing of components, electronic products, and products with high added value received new investment and capital expansion in the past 8 months,” the Foreign Investment Agency commented.
Statistics also show that in the past 8 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 14.17 billion USD, accounting for more than 69% of the total registered investment capital, up 7.4% over the same period.
The real estate business ranked second with a total investment capital of more than 3.36 billion USD, accounting for nearly 16.4% of total registered investment capital, up 77.6% over the same period.
Next are the wholesale and retail sectors; professional activities, science and technology with total registered capital reaching over 844.9 million USD and over 761.9 million USD respectively.
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