FDI capital in the first 3 months of the year reached 6.17 billion USD, Hanoi continues to lead

Data from the Foreign Investment Agency, Ministry of Planning and Investment shows that as of March 20, 2024, the total newly registered, adjusted and contributed capital for share purchase by foreign investors reached more than 6.17 billion USD, an increase of 13.4% over the same period in 2023. The realized capital of foreign investment projects is estimated at about 4.63 billion USD, an increase of 7.1% over the same period in 2023.

Comparing capital in the first 3 months of 2024 with the same period. Photo: MPI — Comparison of FDI capital in the first 3 months of 2024 with the same period. Photo: MPI

Foreign investors have 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 nearly 3.93 billion USD, accounting for nearly 63.6% of the total registered investment capital, down slightly by 1.3% over the same period. The real estate business ranked second with a total investment capital of more than 1.58 billion USD, accounting for 25.6% of the total registered investment capital, nearly 2.1 times higher than the same period. Next in order were the wholesale and retail, professional activities, science and technology sectors...

In terms of the number of projects, the processing and manufacturing industry is the leading industry in terms of the number of new projects (accounting for 37.7%) and capital adjustments (accounting for 61.7%). The wholesale and retail industry leads in the number of transactions contributing capital to buy shares (42.5%).

In terms of countries, Singapore leads with a total investment capital of more than 2.55 billion USD, accounting for 41.3% of total investment capital, up 51.3% over the same period in 2023. Hong Kong (China) ranks second with more than 1.05 billion USD, accounting for 17.1% of total investment capital, nearly 2.3 times higher than the same period.

In terms of the number of projects, China is the leading partner in terms of the number of new investment projects (accounting for 27.8%). South Korea leads in the number of capital adjustments (accounting for 23%) and capital contributions to buy shares (accounting for 27.8%).

FDI capital flow structure in the first 3 months of 2024 by locality. Photo: MPI

In terms of investment locations, Hanoi leads with a total registered investment capital of more than 970.8 million USD, accounting for 15.7% of the total registered investment capital and 6.1 times higher than the same period in 2023. The main reason is that Hanoi has a large new investment project with a total investment capital of more than 662 million USD with the goal of investing in a new urban area project in Hanoi. Bac Ninh ranks second with a total registered investment capital of nearly 745.2 million USD, accounting for nearly 12.1% of the total investment capital nationwide. Followed by Quang Ninh, Thai Nguyen, Ho Chi Minh City, Dong Nai, etc.

In terms of the number of projects, Ho Chi Minh City leads the country in the number of new projects (accounting for 38.4%), capital adjustment (accounting for 17.3%) and capital contribution to buy shares (accounting for 72.7%).

As of March 20, 2024, the country has 39,758 valid projects with a total registered capital of nearly 475.83 billion USD. The accumulated realized capital of foreign investment projects is estimated at about 301.8 billion USD, equivalent to 63.4% of the total registered investment capital in effect.

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