FDI capital flowing into real estate increased by 89%

(Dan Tri) - Total registered FDI capital in 11 months reached 31.4 billion USD, of which 5.63 billion VND flowed into the real estate business sector, an increase of 89.1% over the same period.

According to data from the Foreign Investment Agency, in the first 11 months of this year, the total newly registered capital, adjusted capital, and capital contribution and purchase of shares and capital contributions by foreign investors reached nearly 31.4 billion USD, up 1% over the same period in 2023.

Of which, in terms of new registration, 3,035 new projects were granted investment registration certificates, up 1.6% over the same period, with total registered capital reaching nearly 17.39 billion USD, up 0.7%. In addition, there were 1,350 projects registering to adjust investment capital, up 12.9%; total registered capital increased to more than 9.93 billion USD, up 40.7%.

However, in terms of capital contribution and share purchase, there were 3,029 transactions, down 7% over the same period. The total value of capital contribution reached nearly 4.06 billion USD, down sharply by 39.7%.

Foreign investors 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 20.2 billion USD, accounting for nearly 64.4% of the total registered investment capital, down 8.7% over the same period.

Notably, the real estate business ranked second with a total investment capital of nearly 5.63 billion USD, accounting for more than 17.9% of the total registered investment capital, up 89.1% over the same period. Next were the wholesale and retail sectors; electricity production and distribution with a total registered capital of nearly 1.37 billion USD and more than 1.12 billion USD, respectively. The rest were other sectors.

Statistics show that 110 countries and territories have invested in Vietnam in the first 11 months of this year. Of which, Singapore leads with a total investment capital of nearly 9.14 billion USD, accounting for more than 29.1% of the total investment capital, up 53.7% over the same period in 2023. South Korea ranks second with more than 3.89 billion USD, accounting for 12.4% of the total investment capital, down 9% over the same period. Followed by China, Hong Kong, Japan, ...

In terms of number of projects, China is the leading partner in terms of new investment projects (accounting for 28.3%); South Korea leads in terms of capital adjustment (accounting for 22.4%) and capital contribution to buy shares (accounting for 25%).

FDI capital flowed into 55 provinces and cities across the country in the past 11 months. Of which, Bac Ninh took the lead with a total registered investment capital of nearly 5.04 billion USD, accounting for 16% of the country's total investment capital, more than 3 times higher than the same period. Next was Quang Ninh with more than 2.29 billion USD, accounting for 7.3% of the total registered investment capital, down 26.3% over the same period.

Ho Chi Minh City ranked third with a total registered investment capital of more than 2.28 billion USD, accounting for nearly 7.3% of the total investment capital of the country. The next positions are Hai Phong, Hanoi, Binh Duong, etc. In terms of the number of projects, Ho Chi Minh City leads the country in the number of new projects (accounting for 42.3%), the number of projects adjusting capital (accounting for 14.7%) and capital contribution to buy shares (accounting for 70.9%).

After 11 months, the realized capital of FDI projects is estimated at about 21.68 billion USD, an increase of 7.1% over the same period in 2023.

As of November 30, the country had 41,720 valid FDI projects with a total registered capital of 496.7 billion USD. The cumulative realized capital of FDI projects is estimated at nearly 318.9 billion USD, equivalent to 64.2% of the total registered investment capital in effect.

Source: https://dantri.com.vn/bat-dong-san/von-fdi-chay-vao-bat-dong-san-tang-89-20241207100751399.htm