Statistics from the Foreign Investment Agency ( Ministry of Planning and Investment ) show that in the first two months of 2024, the total newly registered, adjusted and contributed capital for share purchase and capital contribution purchase by foreign investors reached more than 4.29 billion USD, an increase of 38.6% over the same period in 2023.
Foreign investors must open bank accounts in Laos. |
Hanoi leads the country in attracting foreign investment capital. |
Of the 4.29 billion USD, 3.6 billion USD was newly registered capital (405 projects), more than double that of the same period last year. Along with that, the total registered capital increased to 442.1 million USD (159 projects) and capital contribution and share purchase was 255.4 million USD (367 projects).
According to the Foreign Investment Agency, the sharp increase in newly registered investment capital in the first two months of 2024 compared to the same period was due to the increase in the number of new projects (up 55.2%) and due to the presence of projects with large investment capital (over 400 million USD and over 600 million USD).
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| Japanese enterprises invest in production in Tan Thuan Export Processing Zone, Ho Chi Minh City. (Photo: Danh Lam/VNA) |
Although adjusted investment capital decreased compared to the same period last year, the decrease rate improved compared to January 2024. The number of projects adjusting capital also increased by 19.5% compared to the same period last year, instead of decreasing by 15.7% compared to the same period in the previous month. This shows that foreign investors continue to trust and expand production and business in Vietnam.
Also in the positive trend, the realized capital of foreign investment projects is estimated at about 2.8 billion USD, an increase of 9.8% over the same period in 2023.
The Foreign Investment Agency also said that in the past two months, foreign investors have invested in 16 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 2.54 billion USD, accounting for 59.1% of the total registered investment capital and increasing by 16.8% over the same period.
Next is the real estate business sector with a total investment capital of nearly 1.41 billion USD, accounting for 32.7% of the total registered investment capital, 3.5 times higher than the same period. Then, in turn, are the wholesale and retail sectors; professional activities, science and technology with a total registered capital of 125.2 million USD and nearly 76.4 million USD, respectively. The rest are other sectors.
In terms of partners, there are 48 countries and territories investing in Vietnam in the first two months of 2024. Of which, Singapore leads with a total investment capital of more than 2.08 billion USD, accounting for 48.5% of the total investment capital, 2.1 times higher than the same period in 2023.
In terms of the number of projects, China is the leading partner in the number of new investment projects (accounting for 32.3%); South Korea leads in the number of capital adjustments (accounting for 25.8%) and capital contributions and share purchases (accounting for 28.9%).
In terms of investment location, Hanoi leads with a total registered investment capital of nearly 914.4 million USD, accounting for 21.3% of the total registered investment capital and 24.4 times higher than the same period in 2023. Quang Ninh ranks second with a total registered investment capital of more than 471.1 million USD, accounting for nearly 11% of the total investment capital nationwide. Followed by Thai Nguyen, Ba Ria - Vung Tau, Bac Ninh...
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