Data from the Foreign Investment Agency (Ministry of Planning and Investment) shows that as of May 20, the total newly registered, adjusted and contributed capital to buy shares by foreign investors reached more than 11.07 billion USD, up 2% over the same period in 2023.

The realized capital of foreign investment projects is estimated at about 8.25 billion USD, an increase of 7.8% over the same period in 2023.

In particular, new investment still maintained a high growth rate compared to the same period in terms of both the number of projects and investment capital. Specifically, 1,227 new projects were granted investment registration certificates (up 27.5% over the same period), with total registered capital reaching nearly 7.94 billion USD (up 50.8% over the same period).

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More than 11 billion USD of foreign investment capital registered in Vietnam in the first 5 months of the year. Photo: Nam Khanh

Newly registered investment capital in the first 5 months of 2024 increased sharply compared to the same period due to an increase in the number of new projects (up 27.5%) and projects with large investment capital (over 400 million USD and over 600 million USD).

Foreign investors invested in 17 out of 21 sectors of the national economy . Of which, the processing and manufacturing industry took the lead with a total investment capital of over 7.43 billion USD, accounting for 67.1% of the total registered investment capital, up 11.9% over the same period.

In terms of number of projects, the processing and manufacturing industry is the leading industry in terms of the number of new projects (accounting for 35.9%) and capital adjustments (accounting for 62.3%).

There were 78 countries and territories investing in Vietnam in the first 5 months of this year. Of which, Singapore took the lead with a total investment capital of nearly 3.25 billion USD, accounting for 29.3% of the total investment capital, up 28.2% over the same period in 2023.

In terms of number of projects, China is the leading partner in the number of new investment projects (accounting for 28.3%); South Korea leads in the number of capital adjustments (accounting for 24.1%) and capital contributions to buy shares (accounting for 26.3%).

Notably, foreign investors invested in 47 provinces and cities across the country in the first 5 months of 2024.

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Foreign investment structure in the first 5 months of 2024 by locality. Source: Foreign Investment Agency

Of which, Ba Ria - Vung Tau leads with a total registered investment capital of more than 1.52 billion USD, accounting for 13.8% of the total investment capital of the country, more than 12 times higher than the same period.

The reason this locality has a strong increase in investment capital, according to the Foreign Investment Agency, is because Ba Ria - Vung Tau has a large project with a total investment of 730 million USD from the multi-industry corporation Hyosung from Korea.

Next is Hanoi with nearly 1.14 billion USD, accounting for 10.3% of total registered investment capital and down 39% compared to the same period in 2023. Bac Ninh ranked third with a total registered investment capital of more than 1.06 billion USD, accounting for nearly 9.6% of total investment capital nationwide. Followed by Ho Chi Minh City, Dong Nai, Quang Ninh, etc.

In terms of number of projects, Ho Chi Minh City leads the country in terms of new projects (accounting for 37.8%), capital adjustment (accounting for 16.4%) and capital contribution to buy shares (accounting for 71.1%).

As of May 20, the country had 40,285 valid projects with a total registered capital of 481.33 billion USD. The accumulated realized capital of foreign investment projects is estimated at about 305.43 billion USD, equivalent to nearly 63.5% of the total registered investment capital in effect.

Hanoi continues to lead the country in attracting foreign investment capital . In the first 3 months of this year, Hanoi has continuously led the country in attracting foreign direct investment (FDI). In March alone, the locality had a total registered investment capital of more than 970.8 million USD.