Vietnam attracted more than $2.36 billion in registered foreign direct investment (FDI) capital in January 2024, marking a substantial increase of 40.2 percent compared to the corresponding period in 2023.
As reported by the Foreign Investment Agency under the Ministry of Planning and Investment, the FDI registered by January 20 surpassed $2.36 billion, reflecting a significant 40.2 percent year-on-year growth.
Within this total, newly registered capital experienced a noteworthy surge of 24.2 percent year-on-year, reaching $2 billion. The number of newly registered projects also rose by 56.6 percent year-on-year, totaling 190.
Meanwhile, adjusted registered capital witnessed a 23.1 percent year-on-year contraction, totaling $235.4 million. There were 75 adjusted registered projects, a 15.7 percent year-on-year decrease. The number of capital contribution and share purchase deals stood at 174, down 14.7 percent from the previous year, with a total value of over $116.5 million, reflecting a 33.1 percent year-on-year decline.
The remarkable increase in FDI registration can be attributed to the 24.2 percent rise in the number of new projects, many of which are large-scale ventures exceeding $600 million.
Investments were diversified across 15 out of the 21 industries in the national economic classification system. The real estate sector led with a $1.27 billion investment, constituting 53.9 percent of the total registered capital and doubling last year’s figure.
Processing and manufacturing secured the second position with over $926 million, representing 39.2 percent of the total registered capital. It was followed by professional, scientific, and technological activities, as well as wholesale and retail, with registered capital amounts of $65.2 million and nearly $54.5 million, respectively.
In January 2024, approximately 40 countries and territories invested in Vietnam. Singapore led the pack with over $1.4 billion, accounting for 59.5 percent of the total and marking a substantial 72.8 percent increase from the previous year. Japan came in second with nearly $297 million, constituting 12.6 percent and growing more than sevenfold from the prior year.
Foreign investors made contributions to 35 localities in January, with Hanoi leading the way, registering a total capital of $867 million, representing 36.7 percent of the total and a remarkable 39.7 times higher than the same period in 2023. Ba Ria-Vung Tau province closely followed with $282 million, making up 11.9 percent of the total registered capital.