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According to the latest report from the Foreign Investment Agency (under the Ministry of Planning and Investment), as of June 20, 2024, Vietnam has seen a notable increase in foreign investment.
The total newly registered capital, adjusted capital, and capital contribution through share purchases by foreign investors have reached nearly USD 15.2 billion, marking a 13.1% increase compared to the same period in 2023. The implemented capital of foreign investment projects is estimated at approximately USD 10.84 billion, an increase of 8.2% compared to the same period last year.
Robust Growth in New and Adjusted Projects
In the first six months of 2024, 1,538 new projects were granted Investment Registration Certificates, reflecting an 18.9% rise compared to the same period in 2023. These new projects contributed nearly USD 9.54 billion in total registered capital, a significant increase of 46.9% year-over-year. Additionally, 592 projects saw their investment capital adjusted, a slight decrease of 6.3%, but the total additional registered capital reached more than USD 3.95 billion, up 35% from the same period last year. However, the number of capital contribution transactions through share purchases by foreign investors decreased by 10.9%, with the total value reaching nearly USD 1.7 billion, a decline of 57.7%.
Sector-wise Investment Distribution
Foreign investors have shown a strong preference for the processing and manufacturing industry, which received nearly USD 10.69 billion, accounting for 70.4% of the total registered investment capital, and marking a 26.3% increase from the same period in 2023. The real estate sector ranked second with total investment capital of more than USD 2.47 billion, comprising nearly 16.3% of the total registered capital, a remarkable increase of 61.5%. Other notable sectors include wholesale and retail, and professional, scientific, and technological activities, with investments of nearly USD 614 million and more than USD 452 million, respectively.
In terms of geographic distribution, Bắc Ninh emerged as the leading destination for foreign investment, attracting nearly USD 2.58 billion in registered capital. This figure is over 3.1 times higher than the same period last year and represents nearly 17% of the total national investment capital. The significant increase is attributed to a large capital adjustment project worth USD 1.07 billion. Following Bac Ninh are Ba Ria – Vung Tau with nearly USD 1.54 billion, Quảng Ninh with more than USD 1.36 billion, Hanoi with USD 1.82 billion, Hai Phong with USD 1.13 billion, and Ho Chi Minh City with USD 1.12 billion.
Cumulative Investment and Sector Distribution
Cumulatively, by June 20, 2024, Vietnam had 40,544 active foreign investment projects with a total registered capital of nearly USD 484.77 billion. The cumulative implemented capital of these projects is estimated at approximately USD 308 billion, representing 63.5% of the total effective registered investment capital. The processing and manufacturing industry remains the dominant sector, attracting nearly USD 294.2 billion, accounting for 60.7% of the total investment capital. The real estate sector follows with nearly USD 70.6 billion, and the production and distribution of electricity sector has drawn nearly USD 40.8 billion.
The Foreign Investment Agency’s report underscores the strong growth in foreign investment in Vietnam in the first half of 2024. The country continues to attract significant investments across various sectors, with notable increases in both new and adjusted capital projects. Key provinces such as Bac Ninh, Ba Ria – Vung Tau, and Quang Ninh have emerged as major hubs for foreign investment, supported by favorable infrastructure, stable human resources, and active investment promotion efforts. As Vietnam continues to foster a conducive environment for foreign investors, it is poised for sustained economic growth and development.
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