Foreign capital flowing into real estate sector skyrocketed

On April 29th, the General Statistics Office announced that the total registered foreign direct investment (FDI) in Vietnam, including new investments, adjustments, and capital contributions and share purchases (as of April 20th), reached nearly US$9.27 billion, an increase of 4.5% compared to the same period last year. Of this, foreign investment in the real estate sector also increased significantly.

Specifically, the largest registered FDI capital was in the processing and manufacturing industry, reaching US$6.03 billion, accounting for 72.3% of the total newly registered and increased capital. Second was real estate business activities, reaching US$1.68 billion, accounting for 20.1%. Compared to FDI capital in the first four months of 2023, which was less than US$1 billion, foreign investment in the real estate sector from the beginning of the year to date has increased by nearly 73%. In addition, other sectors attracted US$635.1 million in FDI capital, accounting for 7.6%.

Foreign investment in the real estate sector surged in the first four months of 2024.

The report also shows that realized FDI inflows in Vietnam during the first four months of the year reached an estimated US$6.28 billion, a 7.4% increase compared to the same period last year. This is the highest realized foreign direct investment (FDI) for the first four months of the year in the past five years. Of this, the processing and manufacturing industry accounted for US$4.93 billion, representing 78.5% of the total realized FDI. Second was the real estate sector with US$607.6 million, accounting for 9.7%; electricity, gas, hot water, steam and air conditioning production and distribution reached US$259.8 million, accounting for 4.1%...

Among the 50 countries and territories with newly licensed investment projects in Vietnam, Singapore is the largest investor with US$2.59 billion, accounting for 36.4% of the total newly registered capital; followed by Hong Kong (China) with US$898.6 million, accounting for 12.6%; Japan with US$814.1 million, accounting for 11.4%; China with US$740.2 million, accounting for 10.4%; Türkiye with US$730.1 million, accounting for 10.3%; Taiwan with US$512.3 million, accounting for 7.2%...

Conversely, Vietnam's outbound investment in the first four months of 2024 saw 36 newly licensed investment projects with a total Vietnamese capital of US$98.3 million, a decrease of 29.8% compared to the same period last year. In addition, there were 3 projects with adjusted capital, with the adjusted capital increasing by US$580,000, a decrease of 95.7%. Overall, in the first four months of the year, total Vietnamese outbound investment (newly licensed and adjusted capital) reached US$98.9 million, a decrease of 35.6% compared to the same period last year. Of this, the mining sector led with US$58.6 million, accounting for 59.3% of total outbound investment.

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