AsemconnectVietnam - The figures of GSO showed that, as of April 20, total FDI inflows in Vietnam had reached nearly 9.27 billion USD, a year-on-year rise of 4.5%.

Of the total, 7.11 billion USD was poured into 966 new projects, an increase of 28.8% in the number of projects and 73.2% in the capital amount.
The processing-manufacturing led the newly-registered FDI capital at nearly 5 billion USD, followed by real estate at 1.6 billion USD.
Among the 50 countries and territories with newly-licenced projects in Vietnam in the first four months of this year, Singapore was the biggest with 2.59 billion USD, making up 36.4% of the total.
Hong Kong (China) ranked second with 898.6 million USD, while Japan took the third position at 814.1 million USD.
In the first four months of this year, 1.23 billion USD was added into 345 underway projects, a drop of 25.6% year on year.
Meanwhile, foreign investors also poured 929.6 million USD into 902 capital contribution and share purchase deals in the January-April period.
The GSO also reported that in the first four months of this year, Vietnamese investors invested 98.3 million USD in 36 new projects abroad, down 29.8% year on year, along with 580,000 USD in three operating projects.
The Netherlands received the highest Vietnamese investment capital among the 14 countries and territories hosting Vietnamese-invested projects, with 54.6 million USD.
The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
The processing-manufacturing sector saw the largest amount at 4.93 billion USD, accounting for 78.5% of the total FDI disbursed in the country in the period.
It was followed by real estate business at 607.6 million USD, and production and distribution of electricity, gas, hot water, steam and air conditioning at 259.8 million USD.
Hanoi’s FDI attraction in the first four months of 2024
The capital city of Hanoi attracted more than 1.13 billion USD of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over 1 billion USD and 47 projects permitted to increase a combined investment capital of 79 million USD.
According to the municipal Statistics Office, during the period, foreign investors spent 45 million USD contributing capital to and buying shares of local firms.
In April alone, 103.9 million USD was registered for 20 new FDI projects, 57.4 million USD was added to 14 existing ones, and 15.5 million USD was spent on 27 capital contributions or share purchases.
During the the month, the city recorded 2,514 newly-established companies with a combined registered capital of 25.6 trillion VND (about 1 billion USD), down 4% compared with the same month last year. A total of 758 firms resumed operations, up 14% year-on-year.
From January-April, 9,400 new enterprises were set up in the capital city with a total registered capital of 97.6 trillion VND, while 4,500 enterprises resumed operations.
Ho Chi Minh City’s FDI attraction in the first four months of 2024
In the first four months of 2024, a total of $915.6 million in foreign direct investment (FDI) capital flowed into Ho Chi Minh City, down 6.5 per cent against the same period last year.
The latest report by Ho Chi Minh City Department of Planning and Investment showed that, 652 foreign investors increased their capital contributions and share purchases totalling $713.5 million, down by 5.6 per cent in deal count but up 68.3 per cent in deal value against the same period last year.
South Korea and Singapore accounted for the largest proportion of capital contributions and share purchases at 40.9 per cent and 33.9 per cent, respectively.
The report pointed out that 357 new projects were granted investment certificates in the given period, up 16.3 per cent from a year earlier. However, their total investment only reached $129 million, down 24.3 per cent on-year.
FDI inflows into the city in the first four months mainly came from capital contributions and share purchases, as the city lacks land to attract large investment projects.
For instance, in Saigon High-Tech Park, land reserved for attracting projects in the fields of electronics, microchips, and semiconductors only had an area of 0.5–3 hectares per project.
A domestic enterprise authorised by US investors has recently proposed that Ho Chi Minh City People's Committee establish an Innovation Technology Park covering 350-400ha specialising in chip production and testing.
However, with limited land, it will be difficult to fulfill investor demands.
CK
Source: VITIC/Vietnamplus.vn/vir.com.vn