AsemconnectVietnam - According to the data from the Foreign Investment Agency (under the Ministry of Planning and Investment), in the first 2 months of 2024, there was more than 4.29 billion USD of FDI capital invested in Vietnam.

Specifically, as of February 20, 2024, the total newly registered capital, adjustments and capital contributions, share purchases, and capital contributions of foreign investors reached more than 4.29 billion USD, an increase of 38.6 % over the same period in 2023. Implemented capital of foreign investment projects was estimated to reach about 2.8 billion USD, an increase of 9.8% over the same period of 2023. Totally by February 20, the whole country has 39,553 projects which were still valid with a total registered capital of nearly 473.1 billion USD. The accumulated realized capital of foreign investment projects was estimated at nearly 300 billion USD, equal to 63.4% of the total valid registered investment capital.
There were 48 countries and territories investing in Vietnam in the first 2 months of the year, of which 5 countries and territories including Singapore, Hong Kong, Japan, China, and South Korea accounted for 77% of the new investment projects and nearly 85.5% of the total registered investment capital of the country. Of which, Singapore was leading with a total investment capital of more than 2.08 billion USD, accounting for 48.5% of total investment capital, more than 2.1 times higher than the same period of 2023. Hong Kong (China) ranked second with nearly 525.7 million USD, accounting for 12.2% of total investment capital, nearly 5.1 times higher than the same period. And then were Japan, China, etc.
In terms of investment localities, investors have invested capital in 38 provinces and cities across the country in the first 2 months of 2024. Investment capital is heavily concentrated in provinces and cities that have many advantages in attracting FDI (good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion, etc.) such as Hanoi, Quang Ninh, Thai Nguyen, Ba Ria - Vung Tau , Bac Ninh, Dong Nai, Bac Giang, Ho Chi Minh City, Hai Phong, and Hung Yen.
Notably, Hanoi City continued to be the leading locality in the country in attracting FDI capital with a total registered investment capital of nearly 914.4 million USD, accounting for 21.3% of total registered investment capital and equivalent to 24.4 times of the figures of the same period last year. Previously, in January, Hanoi also led with a total registered investment capital of more than 867 million USD, accounting for 36.7% of total registered investment capital and 39.7 times higher than the same period of 2023.
The next was Quang Ninh with a total registered investment capital of more than 471.1 million USD, accounting for nearly 11% of the total investment capital of the country, followed by Thai Nguyen, Ba Ria - Vung Tau, Bac Ninh, etc. However, in terms of number of projects, Ho Chi Minh City was the leading locality in the country in terms of number of new projects (35.6%), capital adjustments (18.9%) and capital contributions and share purchases (accounting for 71.1%).
Localities leading in attracting FDI capital in the first 2 months of the year
In terms of investment fields, in the first 2 months of the year, FDI capital was "poured" into 16 sectors out of 21 national economic sectors. Of which, the processing and manufacturing industry were leading with a total investment capital of nearly 2.54 billion USD, accounting for 59.1% of total registered investment capital and an increase of 16.8% over the same period last year. The real estate business industry ranked second with a total investment capital of nearly 1.41 billion USD, accounting for 32.7% of total registered investment capital, more than 3.5 times higher than the same period last year.
The next were the wholesale and retail industries; professional, scientific and technological activities with total registered capital of 125.2 million USD and nearly 76.4 million USD, respectively. The rest were other industries.
The export turnover of the foreign-invested oil sector also recorded a sharp increase in the first two months of 2024. The exports, including crude oil, were estimated at more than 48.87 billion USD, up by 29.8% over the same period last year, accounting for 72.9% of export turnover. The exports excluding crude oil were estimated at 48.57 billion USD, up by 30.1% over the same period last year, accounting for 72.5% of the country's export turnover.
In the opposite direction, the imports of the foreign investment sector were estimated at 39.51 billion USD, up by 29.5% over the same period last year and accounting for 64% of the country's import turnover. Overall, in the first 2 months of 2024, the foreign investment sector had a trade surplus of over 8.9 billion USD including crude oil and a trade surplus of over 8.6 billion USD excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of 4.29 billion USD.
CK
Source: VITIC/ haiquanonline.com.vn