According to the Socio-Economic Report for April and the first four months of the year by the General Statistics Office, Foreign Direct Investment (FDI) implemented in Vietnam in the past four months is estimated to reach 6.28 billion USD, an increase of 7.4% compared to the same period last year. This is the highest implemented FDI for the first four months of the year in the past five years.
Figure 1: Foreign Direct Investment (FDI) Registered in Vietnam as of April 20th. Unit: Billion USD
As of April 20, 2024, the total foreign investment capital into Vietnam reached nearly $9.27 billion, marking a 4.5% increase compared to the same period last year. There were 966 newly licensed projects with a registered capital of $7.11 billion, indicating a 28.8% rise in project numbers and a 73.2% surge in capital compared to the corresponding period last year.
Since the beginning of the year, Singapore has been the largest investor in Vietnam, with $2.59 billion (36.4% of the total newly registered capital). Following Singapore is Hong Kong (China) with $898.6 million (12.6%), Japan with $814.1 million (11.4%), China with $740.2 million (10.4%), Turkey with $730.1 million (10.3%), and Taiwan with $512.3 million (7.2%).
Figure 2: Structure of FDI in the first 4 months of 2024 by partner
Foreign investors have poured capital into 17 out of 21 economic sectors. The processing and manufacturing industry leads with over $6.15 billion, accounting for 66.4% of the total registered capital, up 19.8% compared to the same period. The real estate business sector ranks second with over $1.73 billion, representing 18.7% of the total registered capital, up 78.2% compared to the same period. Following are wholesale, retail, transportation, and warehouse sectors with total registered capital of over $451.4 million and nearly $383.2 million, respectively. Other sectors have also received investment but with less total capital.
Figure 3: Structure of FDI in the first 4 months of 2024 by industry
In conclusion, Vietnam's FDI landscape in the first four months of 2024 reflects a positive trajectory, with robust growth and a diversified portfolio across key industries. As Vietnam continues to enhance its investment climate and attract foreign capital, these trends are expected to contribute significantly to the nation's economic growth and development in the coming years.
Source: General Statistics Office, Government Newspaper
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