FDI

FDI in Vietnam in first 9 months of 2024: Disbursed capital increased by 8.9%

Vietnam remains a bright spot for foreign direct investment (FDI), especially in manufacturing and processing. The total registered capital in the first 9 months reached over 24.8 billion USD, a year-on-year rise of 11.6%. Notably in September, the total registered FDI hit its highest level since the beginning of the year at almost 4.26 billion USD.

63.1% registered capital from the processing and manufacturing sector

Foreign investors have invested in 18 out of 21 sectors of the national economy. Of which, the processing and manufacturing sector took the lead with a total investment capital of nearly 15.64 billion USD, accounting for nearly 63.1% of the total registered investment capital. There were many mega projects in the fields of semiconductors, energy (production of batteries, photovoltaic cells, silicon bars), manufacturing of components, electronic products, and so on.

The real estate business ranked second with a total investment capital of more than 4.38 billion USD, accounting for nearly 17.7% of the total registered investment capital, more than 2.2 times higher than the same period. Next were the electricity production and distribution sector; wholesale and retail with a total registered capital of nearly 1.12 billion USD and more than 920 million USD, respectively.

There were 98 countries and territories investing in Vietnam in the first 9 months of 2024. Singapore leads with a total investment capital of nearly 7.35 billion USD, accounting for nearly 29.66% of total investment capital. China ranked second with more than 3.22 billion USD, accounting for 13.02%. Followed by Korea, Hongkong, Japan, …

Groundbreaking ceremony for the construction of Kim Long Hue automobile engine manufacturing factory with a total investment of 260 million USD.

China took lead in number of project; Bac Ninh province received the most registered capital

By investment partners, Singapore was Vietnam’s top investor with almost 7.35 billion USD pouring into Vietnam in three quarters in 2024, accounting for 29.7% of all FDI registered in the nation. China came second with 3.2 billion USD, making up 13% of the total, and down 4.5% compared with the same period last year. South Korea, Hong Kong (China), Japan and so forth came next

Chinese investment wave has been witnessed to continuously come in Vietnam. From this year, the FDI capital from this country enters top 3 countries investing in Vietnam the most. In terms of the quantity of newly registered projects, China positioned leading with 729 projects, accounting for 29.3% of total newly registered project.

By locations, 55 provinces and cities in Vietnam received the FDI capitals in the first nine months of 2024.

With regard of newly registered capital, Bac Ninh province took the lead with a total registered capital of more than 4.5 billion USD, which was 3.47 times more than the previous year’s amount and accounted for 18.2% of the total registered capital.

Ho Chi Minh City ranked second with more than 1.91 billion USD (accounting for 7.7%) but getting the most new projects in terms of number (accounting for 41.1%). Quang Ninh ranked third with a total registered capital of over 1.81 billion USD. Followed by Ba Ria – Vung Tau, Binh Duong, Hanoi and so on.

These 10 localities accounted for 80.1% of new FDI projects and
72.9% of the country’s investment capital in the first 9 months.

In the first 9 months of 2024, both disbursed investment capital and total registered investment capital continued to increase compared to the same period, with increases of 8.9% and 11.6%, respectively. New investment and capital adjustment increased in both value and scale of new/increased investment capital

The total FDI capital in September 2024 hit its highest level since the beginning of the year, coming in at almost 4.26 billion USD which accounts for 17.2% of the nation’s total investment capital in nine months.

The report of Vietnam FDI in first 9 month by C+ Consult.

With an attempt to provide with our clients and partners a whole picture of Vietnam FDI in the first 9 months, we released our exclusive report. The report in this 3rd quarter also shares the information of a number of mega FDI projects and introduces some newly built industrial parks.

Feel free to download it below. Contact us via info@cplusconsult.com or leave your messages in the comment should you need further information about Vietnam’s investment environment or how we can assist you in setting up your production facilities in Vietnam.

Download the report

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