ANN/VIETNAM NEWS – Foreign investment in Vietnam surged in 2024, with newly-registered capital, capital contributions, and shares acquired by foreign investors exceeding USD 4.3 billion. This represents a substantial year-on-year increase of nearly 49 per cent, according to the Vietnam’s Foreign Investment Agency under the Ministry of Planning and Investment.
In January, foreign investors poured capital into 16 out of 21 economic sectors of Vietnam.
Among them, the manufacturing and processing industry remained the most attractive sector, receiving over USD3 billion. It accounts for 71 per cent of total registered capital, nearly doubling compared to the same period last year.
Real estate ranked second with nearly USD1.1 billion, making up 24 per cent of total registered capital, though it that was a decline of six per cent year-on-year.
Other sectors, including science and technology, water supply and waste treatment, also attracted tens of millions of dollars in foreign direct investment (FDI).
In the first month of the year, 55 countries and territories registered investments in Vietnam. South Korea emerged as the top investor with USD1.25 billion, 13 times higher than the same period last year, accounting for nearly 29 per cent of total registered investment.
Singapore followed closely with USD1.24 billion. Japan and China were also among the major investors.
Bac NinhProvince attracted the highest FDI, with around USD1.4 billion in January alone, surging nearly six fold year-on-year.
Dong Nai ranked second with USD959 million, more than tripling its previous year’s figure. Hanoi placed third, registering USD716 million in FDI, up two per cent year-on-year.
Meanwhile, Ho Chi Minh City led in the number of new projects, capital adjustments, capital contributions and share acquisition transactions.
In addition, foreign-invested projects in January were estimated to have disbursed more than USD1.5 billion, a two per cent increase year-on-year.
The FDI sector exported nearly USD23 billion (including crude oil) in January, accounting for 70 per cent of the country’s total export turnover, despite a nine per cent decline year-on-year. Imports by this sector reached USD19 billion, down by one per cent.
