Monday, 00/00/2023
°

FDI attraction in nine months of 2024

Date 04/10/2024 - 14:21:00 | 470 views
View font size
Text contrast
Read the article
Acronym

(MPI) - As of 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%.

Illustrative image

Foreign investors registered nearly 13.55 billion USD in 2,492 new projects, up 11.3% in capital and down 4.3% in number of projects as compared to the same time last year.

Meanwhile, 1,027 projects had their capital added with a total of over 7.64 billion USD, up 7.3% and 48.1 year-on-year, respectively.

Foreign investors poured about 3.59 billion USD into 2,471 capital contribution and share purchase, down 26.2% and 6.5% as compared with the same period last year, respectively.

Foreign firms invested in 18 out of the 21 economic sectors, of which the processing and manufacturing industry took the lead with approximately 15.64 billion USD, making up 63.1% of the total investment and slightly down 0.4% from the same period last year.

The real estate came next with a total investment of more than 4.38 billion USD, accounting for 17.7% of the total and 2.2 times more than the figure compared with the same period last year. Followed were electricity production and distribution, and wholesale and retail with about 1.12 billion USD and nearly 920 million USD, respectively.

It is also worth noting that the wholesale and retail was the sector with the largest number of newly-registered projects (35%) and capital contribution and share purchases (41.7%). The processing and manufacturing industry led in the number of capital contribution and share purchases (66.8%).

Among the 98 countries and territories having investment in Vietnam in the nine-month period, Singapore was the largest investor with 7.35 billion USD, making up of 29.7% of the total and growing 69% year-on-year. China came second with over 3.2 billion USD, making up 13% of the total investment, and down 4.5% year-on-year. Followed by 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 capital adjustment (23.9%) and capital contributions and share purchases (25.6%).

The foreign businesses invested in 55 provinces and cities nationwide in the first nine months this year. Bac Ninh led in FDI attraction with 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 City ranked second with 1.91 billion USD, accounting 7.7% of the total and down 15.1% year-on-year. Quang Ninh ranked third with a total registered capital of 1.81 billion USD, accounting for 7.3% of the total. Followed by Ba Ria - Vung Tau, Binh Duong, Ha Noi 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 having project added their capital (14.5%)

As of September 30, disbursement of FDI projects were estimated at about 17.3 billion USD, up 8.9% year-on-year.

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

Imports of the foreign-invested sector attained nearly 179.5 billion USD, an increase of 16.9% over the previous period and accounting for 63.7% of the country’s import turnover.

The FDI sector saw a nine-month trade surplus of 38 billion USD including crude oil and 36.5 billion USD excluding crude oil, while the domestic sector had a trade deficit of 18.2 billion USD./.


Rate this article

ratings: , average:

Correlative new

Latest new