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FDI attraction situation in Vietnam and Vietnam’s overseas investment in the first three months of 2024

Date 26/03/2024 - 17:08:00 | 564 views
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As of March 20, 2024, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached over 6.17 billion USD, rising 13.4% year-on-year. The capital generated by FDI projects was estimated at 4.63  billion USD, up 7.1% over the same period in 2023.

Accumulated to March 20, 2024, the whole country has 39,758 valid projects with a total registered capital of nearly 475.83 billion USD. The accumulated realised capital of foreign investment projects reached about 301.8 billion USD, equalling 63.4% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first three months of 2024

1.1. FDI performance:

Realised capital:

As of March 20, 2024, disbursement of FDI projects were estimated at about 4.63 billion USD, up 7.1% year-on-year.

Import and export performance:

Export: Export (including crude oil) was estimated at 67.85 billion USD, up 13.% year-on-year, accounting for 73.4% of export turnover. Export (excluding crude oil) was 67.2 billion USD, rising 13.7% from a year earlier, accounting for 72.8% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained 55.5 billion USD, an increase of 14.1% over the previous period and accounting for 64.8% of the country’s import turnover.

In the first three months of 2024, the FDI sector saw a trade surplus of over 12.3 billion USD including crude oil and over 11.7 billion USD excluding crude oil, while the domestic sector had a trade surplus of 5.6billion USD.

1.2. Investment registration

As of March 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 6.17 billion USD, up 13.4% year-on-year. The newly registered capital still maintained the increase while adjusted capital and capital contributions and share purchases continued falling.

Of which:

Newly registered capital: There were 644 projects worth more than 4.77 billion USD, were granted licenses, up 23.4% in number and up 57.9% in value year-on-year.

Adjusted capital: There were 248 turns of project registering to adjust their investment (up 6% on-year) with a total additional capital of 934.6 million USD (down 22.6% year-on year).

Capital contribution and share purchases: There were 604 capital contribution and share purchases by foreign investors (down 14.1% year-on-year) with a value of nearly 466.2 million USD (down 61.7% year-on-year).

(Detailed data in Appendix I attached)

By sector:

Foreign investors poured funds into 17 out of 21 sectors in the national economic classification system, of which the processing and manufacturing industry took the lead with nearly 3.93 billion USD, making up 63.6% of the total and a slight decrease of 1.3% from the same period last year. The real estate came next with a total investment of over 1.58 billion USD, accounting for 25.6% of the total and 2.1 times higher than the figure of the same period last year. Followed were wholesale and retail, and professional activities, science and technology with over 224.8 million USD and nearly 190.2 million USD, respectively

It is also worth noting that processing and manufacturing was the sector with the largest number of newly-registered projects (37.7%) and number of capital adjustment (61.7%). The wholesale and retail led in the number of capital contribution and share purchases (42.5%).

By counterpart:

There were 62 countries and territories investing in Vietnam in the first three months of 2024. Singapore was Vietnam’s leading source of foreign investment with over 2.55 billion USD, making up 41.6% of the total FDI registered in the country (up 51.3% year-on-year). Hong Kong (China) came second with more than 1.05 billion USD, making up 17.7% of the total, and 2.3 times higher than the figure as compared with the same period last year. Investment of Singapore and Hong Kong (China) are mainly new investment, accounting for 89.5% and 79.1% of their total investment in the first three months of 2024. Next were China, Japan and so on.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 27.8%); South Korea topped the list when it comes to turns of capital adjustment (23%) and capital contributions and share purchases (27.8%).

By location:

The foreign investors had invested in 42 provinces and cities nationwide in the first three months of 2024. Ha Noi led the way with a total registered capital of over 970.8 million USD, making up 15.7% of the total and 6.1 times higher than the previous year. Bac Ninh ranked second with nearly 745.2 million USD, accounting 12.1% of the total. Followed by Quang Ninh, Thai Nguyen, Ho Chi Minh City, Dong Nai and so on.

Ho Chi Minh City was the best performer in attracting new projects (38.4%), capital contributions and share purchases (72.7%) and turns of adjusted projects (17.3%).

(Detailed data in Appendix II attached)

2. Evaluation of the FDI performance in the first three months 2024

- The amount of adjusted capital of existing projects and the value of capital contribution and share purchases in March 2024 were higher than those in the previous months of the year. The number of newly-registered projects was higher but the scale are smaller because there are not many large projects, so the total registered investment capital in the first three months still increased by 13.4% over the same period, but the rise decreased by 25.2 percentage points compared to the first two months of 2024.

- Investment still focused on cities and provinces that have more advantages such as infrastructure, stable human resources, efforts to reform administrative procedures, and active investment promotion, like Hanoi, Bac Ninh, Quang Ninh, Thai Nguyen, Ho Chi Minh City, Dong Nai, Ba Ria - Vung Tau, Hung Yen, Bac Giang and Hai Phong. These ten localities accounted for 74.7% of the country’s newly-registered projects and 77.6% of the total investment capital in the first three months of 2024.

- Asian and traditional investors accounted the most proportion (those from Singapore, Hong Kong (China), China, Japan and South Korea). These five partners accounted for 72.7% of newly-registered projects and 82.9% of total national investment capital).

- Many large projects in the fields of energy (production of batteries, photovoltaic cells and silicon bars), component manufacturing, electronic products, and high value-added products received new investment and expansion in the first three months.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of over 12.3 billion USD (including crude oil) and 11.7 billion USD (excluding crude oil), the FDI sector offset the trade deficit of 5.6 billion USD of the domestic business sector, helping the country have a trade surplus of about 6.7 billion USD in the first three months of 2024.

3. Accumulated foreign investment as of March 20, 2024

Accumulated as of March 20, 2024, the whole country has 39,758 valid FDI projects with a total registered capital of over 475.8 billion USD. The accumulated realised capital of FDI projects is estimated at about 301.8 billion USD, equalling 63.4% of the total valid registered investment capital.

- By sector: Foreign investors have invested in 19 out of 21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with approximately 287.5 billion USD, accounting for 60.4% of the total investment capital. It was followed by real estate sector with nearly 70.1 billion USD (representing 14.7%); electricity production and distribution with about 40.7 billion USD (or 8.5%).

- By counterpart: There are 145 countries having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of nearly 86.9 billion USD (accounting for 18.3% of the total). Singapore ranked second with over 76.2 billion USD (representing for 16.2%). Next were Japan, Taiwan (China), and Hong Kong (China).

- By location: FDI has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City remains the leading province in attracting foreign investment with over 57.7 billion USD (accounting for 12.1% of the total investment capital), followed by Hanoi with over 42.1 billion USD (or 8.9% of the total investment capital), Binh Duong with approximately 40.6 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first three months of 2024, Vietnamese investors invested 22 new projects aboard and 2 turns of capital adjustment. Vietnam’s total newly-registered investment were about 28.94 million USD (equivalent 24.2% year on year).

Vietnamese investors have invested in 9 sectors abroad. Of which, wholesale and retail took the lead (accounting for 39.8% of the total), real estate (18.6%) and construction (17.3%).

There were 13 countries and territories receiving investment from Vietnam in the first three months of 2024, namely the United State (23%), New Zealand (20.3%), Germany (18.6%), Laos and Singapore.

Accumulated as of March 20, 2024, Vietnam had 1,720 valid aboard investment projects with total registered investment capital of over 22.12 billion USD.

Vietnam’s investment aboard focuses mainly in: mining (31.5%); agriculture, forestry and fishery (15.5%). The areas receiving the most investment from Vietnam were Laos (24.7%); Cambodia (13.2%); and Venezuela (8.3%)./.

(Detailed data in Appendix IV and V attached)


FDI.03-2024_E.xlsx Tải về

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