Vietnam’s FDI attraction reaches over $15bn in H1: ministry
Vietnam’s FDI attraction reaches over $15bn in H1: ministry
Total registered foreign direct investment (FDI) in Vietnam over the first six months of 2024 amounted to nearly US$15.2 billion, a year-on-year increase of 13.1 percent, the Ministry of Planning and Investment has announced recently.
This image shows workers at Vexos Vietnam Co., Ltd., a wholly foreign-owned enterprise at Tan Thuan Export Processing Zone in Ho Chi Minh City, southern Vietnam. Photo: Quang Dinh / Tuoi Tre |
Among the total registered capital, the realized investment was recorded at about $10.84 billion, up 8.2 percent compared to the same period last year, according to the data from the ministry’s Foreign Investment Department.
So far this year, 1,538 new FDI projects with a total registered capital of nearly $9.54 billion have been granted investment registration certificates, representing a surge of 18.9 percent in project number and 46.9 percent in capital from a year ago.
Singapore was the biggest investor in Vietnam in the first half of this year, with a total investment of nearly $5.58 billion, accounting for nearly 36.7 percent of total FDI in the country and registering a year-on-year increase of 86 percent.
Japan came second with more than $1.73 billion, representing 11.4 percent of the total, followed by China’s Hong Kong, South Korea, mainland China, and others.
Regarding investment fields, the January-June period saw foreign investors invested in 18 out of 21 economic sectors.
The processing and manufacturing industry attracted the largest FDI capital at nearly $10.69 billion, accounting for 70.4 percent of the total and increasing by 26.3 percent year on year.
It was followed by the real estate sector with more than $2.47 billion, up 61.5 percent over the same period of last year, and then wholesale and retail, among other industries.
The period saw foreign investors pour direct investment in 48 out of the country’s 63 provinces and cities, with northern Bac Ninh Province leading in FDI attraction with $2.58 billion, making up some 17 percent of the country’s total FDI and registering a 3.1-fold increase from a year earlier.
Coming in second and third were Ba Ria-Vung Tau and Quang Ninh in the southern and northern regions, respectively, with the corresponding FDI amounts of some $1.54 billion and $1.36 billion.
Following in the list were Hanoi, northern Hai Phong City and southern Ho Chi Minh City.
