FDI disbursement hits record $25.35 billion in 2024
FDI disbursement hits record $25.35 billion in 2024
Foreign direct investment (FDI) fell slightly in 2024, but disbursement reached a record $25.35 billion, up 9.4 per cent on-year.
FDI disbursement in the 2020-2024 period |
In 2024, Vietnam reported more than $38.2 billion in FDI, a small decrease of 3 per cent on-year, according to data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Of this, 3,375 new projects were granted investment registration certificates, with total registered capital of $19.73 billion, up 1.8 per cent terms of projects but down 0.7 per cent on-year for capital.
The adjusted capital for 1,539 ongoing projects climbed $13.96 billion, up 50.4 per cent. There were 3,502 capital contributions and share purchases valued at over $4.54 billion, falling 48.1 per cent on-year.
Foreign groups invested in 18 out of the 21 economic sectors in 2024. Among them, the manufacturing and processing industry took the lead with nearly $25.6 billion, accounting for almost 67 per cent of the total, and an 1.1 per cent increase from a year ago.
Real estate followed with over $6.31 billion, capturing 16.5 per cent of the total and 19 per cent higher than the same period last year. This was followed by power generation and distribution, and wholesale and retail, with over $1.42 billion and almost $1.41 billion, respectively.
Among 114 countries and territories investing in Vietnam last year, Singapore was the largest foreign investor, with nearly $10.2 billion, or 26.7 per cent of the total, and up 31.4 per cent on-year. South Korea ranked second with nearly $7.06 billion, accounting for 18.5 per cent and up 37.5 per cent on-year. It was followed by China, Hong Kong, and Japan.
In terms of project numbers, China ranked first for newly registered projects (accounting for 28.3 per cent), and South Korea ranked first for adjusted registered capital (22.8 per cent), and capital contributions and share purchases (25.2 per cent).
FDI continued to flow into cities and provinces with more advantages in infrastructure, human resources, administrative procedures, and good investment promotions. The 10 leading localities were Bac Ninh ($5.12 billion), Haiphong ($4.94 billion), Ho Chi Minh City ($3.04 billion), Quang Ninh, Hanoi, Binh Duong, Dong Nai, Nghe An, Ba Ria-Vung Tau, and Hung Yen.
In terms of project numbers, Ho Chi Minh City ranked first for newly registered projects (making up 42 per cent), adjusted registered projects (15.4 per cent), and capital contributions and share purchases (69 per cent).
