Foreign capital flowing into real estate sector skyrockets

On April 29, the General Statistics Office announced that the total registered foreign direct investment (FDI) in Vietnam, including newly granted, adjusted, and contributed capital and purchased shares (as of April 20), reached nearly 9.27 billion USD, up 4.5% over the same period last year. Of which, foreign capital poured into the real estate sector also increased sharply.

Specifically, the largest FDI capital registered in the processing and manufacturing industry was 6.03 billion USD, accounting for 72.3% of the total newly registered and increased capital. Second was real estate business activities, reaching 1.68 billion USD, accounting for 20.1%. Compared to the FDI capital of the first 4 months of 2023, which was less than 1 billion USD, foreign capital in the real estate sector since the beginning of the year has increased by nearly 73%. In addition, the remaining industries attracted 635.1 million USD of FDI capital, accounting for 7.6%.

Vốn ngoại chảy vào lĩnh vực bất động sản tăng vọt- Ảnh 1. — Foreign capital poured into real estate sector in the first 4 months of 2024 skyrocketed

The report also shows that FDI capital realized in Vietnam in the first 4 months of the year is estimated at 6.28 billion USD, up 7.4% over the same period last year. This is the highest amount of foreign direct investment capital realized in the first 4 months of the year in the past 5 years. Of which, the processing and manufacturing industry reached 4.93 billion USD, accounting for 78.5% of the total realized foreign direct investment capital. Second is the real estate sector reaching 607.6 million USD, accounting for 9.7%; production and distribution of electricity, gas, hot water, steam and air conditioning reached 259.8 million USD, accounting for 4.1%...

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

On the other hand, Vietnam's overseas investment in the first 4 months of 2024 had 36 projects newly granted investment certificates with a total capital of Vietnam's side of 98.3 million USD, down 29.8% over the same period last year. In addition, there were 3 projects with adjusted capital with an increase of 580,000 USD, down 95.7%. In the first 4 months of the year, Vietnam's total overseas investment capital (newly granted and adjusted capital) reached 98.9 million USD, down 35.6% over the same period last year. Of which, the mining industry took the lead with 58.6 million USD, accounting for 59.3% of total overseas investment capital.

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