FDI in Vietnam in first half of 2024: Disbursed capital US$10.84 billion

According to the data announced by Vietnam MPI, in the first 6 months of this year, the total registered Foreign Direct Investment (FDI) capital reached 15.2 billion USD, a 13.1% growth over the same period in 2023; the disbursed capital was approximately 10.84 billion USD. This is the highest amount of disbursed capital in the first 6 months of the past 5 years.

The total registered investment capital in the first half of 2024 has nearly reached the value at the time before the Covid pandemic.

In particular, there were 1,538 new projects granted investment certificates (up 18.9% over the same period) with a total capital of 9.54 billion USD (up 46.9% over the same period). The amount of newly registered capital is the highest over the same period in the past 5 years.

592 projects were registered to adjust investment capital (down 6.3% over the same period), and total additional capital reached more than 3.95 billion USD (up 35% over the same period).

1,420 capital contributions and share purchases (down 10.9% over the same period) were recorded with the total value reaching nearly 1.7 billion USD.

By sector, foreign investors have invested in 18 out of 21 national economic sectors.

• The manufacturing and processing sector leads with 541 new projects with a total investment capital of nearly 10.69 billion USD, accounting for 70.4% of total registered investment capital.

• The real estate industry ranked second with 37 new projects with a total investment capital of more than 2.47 billion USD, accounting for nearly 16.3% of total registered investment capital.
• Wholesale and retail; repair of motor vehicles and motorcycles sector ranked third with 539 new projects with a total investment capital of 613.58 million USD, accounting for more than 4% of total registered investment capital.
• Warehouse transportation and professional activities, science and technical activities are in fourth and fifth place, respectively with total registered capital reaching nearly 384 million USD and more than 452 million USD.

By partner, in terms of registered capital, Singapore leads with a total investment capital of nearly 5.58 billion USD, accounting for nearly 36.7% of total investment capital, an increase of 86% over the same period in 2023. Japan ranked second with more than 1.73 billion USD, accounting for 11.4% of total investment capital, down 21.6% over the same period. Next are Hong Kong (China), Korea, and China. In terms of project numbers, China is the leading partner in the number of newly registered projects ( accounting for 29.1% of total new investment projects).

46 cities and provinces in Vietnam received FDI in the first half of 2024.

The top three locations in terms of registered capital are Bac Ninh, Ba Ria–Vung Tau, and Quang Ninh. The followings are Hanoi, Hai Phong, Ho Chi Minh City, etc.

• Bac Ninh leads with a total registered investment capital of nearly 2.58 billion USD, accounting for nearly 17% of the country’s total investment capital;
• The second place is Ba Ria—Vung Tau, with nearly 1.54 billion USD in investment capital received, accounting for 10.1% of total registered investment capital;
• Quang Ninh ranked third receiving more than 1.36 billion USD, accounting for nearly 9% of the country’s total FDI capital.

Ho Chi Minh City leads the country in the number of newly registered projects (accounting for 38.8%) and share purchase and capital contribution (accounting for nearly 71.5%).

Accumulated as of June 20, 2024, Vietnam has 40,544 valid projects with a total registered capital of nearly 484.77 billion USD. The accumulated disbursed capital of foreign direct investment projects is estimated at about 308 billion USD, equal to 63.5% of the total valid registered investment capital. The country has continuously improved institutions and preferential policies, effectively attracting and managing domestic and foreign investment resources.