As of September 30, 2024, the total newly registered capital, adjusted and contributed capital to buy shares purchase of foreign investors reached over 24.8 billion USD, a year-on-year rise of 11.6%. The capital generated by FDI projects was estimated at 17.3 billion USD, up 8.9% over the same period in 2023.

Accumulated to September 30, 2024, the whole country has 41,314 valid projects with a total registered capital of 41.31 billion USD. The accumulated realised capital of foreign investment projects reached about 314.5 billion USD, equaling 64% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first nine months of 2024

1.1. FDI performance:

Realised capital:

By the end of September, disbursement of FDI projects were estimated to reach 17.3 billion USD, up 8.9% year-on-year.

Import and export performance:

Export: Export (including crude oil) was more than 217.4 billion USD, up 14.1% year-on-year, accounting for 72.1% of export turnover. Export (excluding crude oil) was approximately 216 billion USD, an increase of 14.1% from a year earlier, accounting for 71.6% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained nearly 179.5 billion USD, an increase of 17.5% over the previous period and accounting for 63.7% of the country’s import turnover.

In the first nine months of 2024, the FDI sector saw a trade surplus of about 38 billion USD including crude oil and over 36.5 billion USD excluding crude oil, while the domestic sector had a trade deficit of 18.5 billion USD.

1.2. Investment registration

By the end of September, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 24.78 billion USD, a year-on-year rise of 11.6%. Particularly, new investment and added capital rose while capital contribution and share purchase fell compared with the figure of the same period last year,

Of which:

Newly registered capital: There were 2,492 projects worth 13.55 billion USD, were granted licenses, down 4.3% % in number and up 11.3% in value year-on-year.

Adjusted capital: There were 1,027 projects had their capital added with a total of over 7.64 billion USD, up 7.3% in number and 48.1% in value year-on-year.

Capital contribution and share purchases: There were 2,471 capital contribution and share purchases by foreign investors (down 6.5% year-on-year) with a value of nearly 3.59 billion USD (down 26.2% year-on-year).

(Detailed data in Appendix I attached)

By sector:

Foreign investors poured funds into 18 out of 21 sectors in the national economic classification system, of which the processing and manufacturing industry took the lead with approximately 15.64 billion USD, making up 63.1% of the total and slightly falling 0.4% from the same period last year. The real estate came next with a total investment of over 4.38 billion USD, accounting for 17.7% of the total and 2.2 times higher compared with the same period last year. Followed were electricity production and distribution, and wholesale and retail with 1.12 billion USD and 920 million USD, respectively

It is also worth noting that the wholesale and retail was the sector with the largest number of new projects (35%) and capital contributions and share purchases (41.7%). The processing and manufacturing led in the number projects had their capital added (66.8%).

By counterpart:

There were 98 countries and territories investing in Vietnam in the first nine months of 2024. Singapore was Vietnam’s leading source of foreign investment with more than 7.35 billion USD, making up 29.7% of the total FDI registered in the country (up 69% year-on-year). China came second with 3.2 billion USD, making up 13% of the total, and down 4.5% compared with the same period last year. Next were South Korea, Hong Kong (China), Japan and so on.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 29.3%); South Korea topped the list when it comes to turns of added capital (23.9%) and capital contributions and share purchases (25.6%).

By location:

The foreign investors had invested in 55 provinces and cities nationwide in the first nine months of 2024. Bac Ninh led the way with a total registered capital of over 4.5 billion USD, making up 18.2% of the total and 3.47 times higher than the figure of previous year. Ho Chi Minh ranked second with more than 1.91 billion USD, accounting 7.7% of the total and falling 15.1% as compared with the same period last year. Quang Ninh ranked third with a total registered capital of over 1.81 billion USD, accounting for 7.3% of the total. Followed by Ba Ria - Vung Tau, Binh Duong, Hanoi and so on.

Ho Chi Minh City was the best performer in attracting new projects (41.1%) and capital contributions and share purchases (70.5%). Bac Ninh led in turns of adjusted capital (14.5%).

(Detailed data in Appendix II attached)

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

- The nine-month realized capital and total registered capital continued to grow compared with the same period, up 8.9% and 11.6% respectively. In which, new-registered capital, adjusted capital increased in both value and capital scale.

- The foreign capital neared 4.26 billion USD, the highest monthly figure this year, accounting for 17.2% of the nine-month total. The added capital also reached the highest amount since the beginning of the year with many large-scale projects.

- 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 Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria - Vung Tau, Binh Duong, Ha Noi, Hai Phong, Dong Nai, Bac Giang, and Ninh Thuan. These ten localities accounted for 80.1% of the country’s new projects and 72.9% of the total investment capital in the nine months.

- Asian and traditional investors accounted the most proportion in the nine months (those from Singapore, China, South Korea, Hong Kong (China) and Japan). These five partners accounted for 73.2% of newly-registered projects and 75.2% of total national investment capital).

- Many large-sle projects in the fields of semiconductors and energy (production of batteries, photovoltaic cells and silicon bars), component manufacturing, electronic products, and high value-added products received significant investment in the nine-month period.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of 38 billion USD (including crude oil) and 36.5 billion USD (excluding crude oil), the FDI sector offset the trade deficit of 18.2 billion USD of the domestic business sector, helping the country have a trade surplus of about 19.8 billion USD in the first nine months of 2024.

3. Accumulated foreign investment by the end of September 2024

Accumulated as of September 30, 2024, the whole country has 41,314 valid FDI projects with a total registered capital of approximately 491.71 billion USD. The accumulated realized capital of FDI projects is estimated at about 314. billion USD, equaling 64% 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 298.7 billion USD, accounting for 60.7% of the total investment capital. It was followed by real estate sector with nearly 71.5 billion USD (representing 14.5%); electricity production and distribution with about 41.7 billion USD (or 8.5%).

- By counterpart: There were 148 countries and territories having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of nearly 88.3 billion USD (accounting for 18% of the total). Singapore ranked second with over 81.1 billion USD (representing for 16.5%), followed by 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 remained the leading province in attracting foreign investment with over 58.2 billion USD (accounting for 11.8% of the total investment capital), followed by Hanoi with 43.7 billion USD (or 8.9% of the total investment capital), Binh Duong with over 42 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first nine months of 2024, Vietnamese investors invested 105 new projects abroad and 18 projects had their capital added. Vietnam’s total investment were over 177.4 million USD (equivalent 42.6% year on year).

Vietnamese investors have invested in 15 sectors abroad. Of which, mining sector took the lead (accounting for 33% of the total), wholesale and retail (or 17.4%), and electricity production and distribution (13.2%). The rest were other sectors.

There were 27 countries and territories receiving investment from Vietnam in the first nine months of 2024, namely the Netherlands (30.8%), Laos (24.5%), and the US (16.8%).

Accumulated as of the end of September, Vietnam had 1,772 valid aboard investment projects with total registered investment capital of approximately 22.11 billion USD.

Vietnam’s investment aboard focuses mainly in: mining (31.8%); agriculture, forestry and fishery (15.3%). The areas receiving the most investment from Vietnam were Laos (24.9%); Cambodia (13.3%); and Venezuela (8.3%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investment