AsemconnectVietnam - The figures of the General Statistics Office showed that, as of June 20, the total FDI investment in Vietnam reached nearly 15.19 billion USD in FDI, up by 13.1% over the same period of 2023.

The country’s total FDI disbursement in the first six months of this year reached about 10.84 billion USD, a rise of 8.2% year on year and a record for the first half of a year in the past five years.
With the positive results in FDI investment attraction in the first half of this year, foreign direct investment (FDI) inflow in the whole year of 2024 is forecast to hit 40 billion USD and contribute to boosting the country’s growth, according to experts.
FDI was an important factor pushing Vietnam’s GDP growth rate in the first half of 2024 to 6.2%, laying the foundation for the Ministry of Planning and Investment (MPI) to adjust the country’s growth target for this year to 7%.
FDI is forecast to continue to be a bright spot in the macro-economic picture of Vietnam.
Hanoi’s FDI investment in the first six months of 2024
In the first six months of 2024, foreign direct investment (FDI) flowing into Hanoi increased by 52 per cent over the same period last year, and economic indicators also recorded many positive results.
In the period, there were 120 newly-registered projects with investment of $1.036 billion, 78 projects with a total additional registered capital of $55.21 million and 104 capital contributions and share purchases with the value of contributed capital reached $73.6 million have been poured in the city.
By the end of the second quarter of this year, Hanoi had 15,502 newly-established enterprises worth $6.2 billion, a decrease of 3 per cent in the number of enterprises, and 3 per cent in registered capital compared to last year.
The number of dissolved enterprises was 2,097, an increase of 14 per cent; 16,967 enterprises temporarily suspended operations, an increase of 26 per cent; and 2,646 enterprises were waiting for dissolution procedures, an increase of 18.6 per cent.
Meanwhile, the number of businesses reopening is 6,012, an increase of 17 per cent. Cumulatively, the total number of registered enterprises to date is 391,880.
HCMC’s FDI increased in the first half of 2024
Ho Chi Minh City drew 198.82 million USD in foreign direct investment in the first half of this year, doubling the amount recorded in the same period last year, according to Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA).
This growth was primarily driven by existing projects increasing their capital. Nine projects reported capital injections totaling 188.97 million USD, a threefold increase year-on-year. The Green Planet project led the way with a capital rise of 158 million USD.
However, the number of new FDI projects approved during the period declined. HEPZA reported the approval of only 10 new projects with a combined registered capital of 9.85 million USD, down 73.46% annually.
Domestic investment in the city's industrial parks and processing zones also experienced a decline. Total domestic investment reached over 1.79 trillion VND (73.17 million USD), marking an 89.42% decrease year-on-year. While there were nine new domestic projects with a registered capital of 604.9 billion VND (down 96.23% annually), 11 existing projects saw their investment capital rise by 1.187 trillion VND, representing a 33.75% increase.
Despite the slowdown in new projects, Chief of HEPZA Office Nguyen Thi Lan Huong highlighted positive developments in the city's industrial parks and export processing zones, with an export turnover estimated at 4.5 billion USD for the first half, reflecting a 7% increase year-on-year.
As of the end of June, the IPs and EPZs housed a total of 1,715 active investment projects with a combined registered capital of 13.59 billion USD, including 561 foreign-invested projects valued at over 7.2 billion USD and 1,154 domestic projects with a total investment exceeding 114.98 trillion VND (6.32 billion USD).
Dong Nai remained FDI magnet in the first half of 2024
The foreign direct investment (FDI) influx into the southern industrial hub of Dong Nai in the first six months of this year was equivalent to 138% of the locality’s plan for the whole year.
So far, local industrial parks drew 940.7 million USD in 49 new and 59 underway projects, according to the Management Board of the Dong Nai Industrial Parks.
It reported that the new FDI projects are in the fields of electric and electronic component manufacturing, mechanical engineering, textiles, prefabricated metal product manufacturing, and logistics, with an average of 7.8 million USD and 78 workers per hectare.
There are no projects in the list of industries that can cause environmental pollution and or are labour-intensive, it said.
The board said that among the 49 new projects, 35 are in the supporting industry, accounting for 71.4%, with combined capital of 277.7 million USD, making up 48.53% of total new registered capital.
It said that in the first half of this year, Singapore continued to be the largest investor in Dong Nai’s industrial parts with 231.1 million USD in nine projects, accounting for 40.5% of the total newly-registered FDI amount.
Dong Nai currently has 33 industrial parks with a total area of more than 10,500 hectares, of which 32 are operational and hosting nearly 2,100 businesses.
There are currently nearly 1,600 valid FDI projects, with a total investment of over 34 billion USD. There are 44 countries and territories investing in Dong Nai, led by the Republic of Korea, Taiwan (China), and Japan.
CK
Source: VITIC/ vietnamplus.vn/Vietnam investment review