As of November 30, 2024, the total new and additional investments, and capital contributions and share purchases of foreign investors reached 31.4 billion USD, a year-on-year rise of 1%. The capital generated by FDI projects was estimated at 21.68 billion USD, up 7.1% over the same period in 2023.

Accumulated to November 30, 2024, the whole country has 41,720 valid projects with a total registered capital of 496.7 billion USD. The accumulated realised capital of foreign investment projects reached about 318.9 billion USD, equaling 64.2% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first evelen months of 2024

1.1. FDI performance:

Realised capital:

By the end of November, disbursement of FDI projects were estimated to reach 21.68 billion USD, up 7.1% year-on-year.

Import and export performance:

Export: Export (including crude oil) was estimated at about 265.6 billion USD, up 12.2% year-on-year, accounting for 72% of export turnover. Export (excluding crude oil) was about 263.9 billion USD, an increase of 12.3% from a year earlier, accounting for 71.5% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained 220.4 billion USD, an increase of 15.6% over the previous period and accounting for 63.7% of the country’s import turnover.

In the first eleven months of 2024, the FDI sector saw a trade surplus of about 45.2 billion USD including crude oil and over 43.5 billion USD excluding crude oil, while the domestic sector had a trade deficit of 22.4 billion USD.

1.2. Investment registration

By the end of November, the total new and additional investments, and capital contributions and share purchases of foreign investors reached 31.4 billion USD, a year-on-year rise of 1%.

Of which:

Newly registered capital: There were 3,035 projects worth 17.39 billion USD, were granted licenses, up 1.6%% in number and 0.7% in value year-on-year.

Adjusted capital: There were 1,350 projects had their capital added with a total of 9,93 billion USD, up 12,9% in number and 40.7% in value year-on-year.

Capital contributions and share purchases: There were 3,029 capital contributions and share purchases by foreign investors (down 7% year-on-year) with a value of more than 4.06 billion USD (down 39.7% 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 led with total investment capital reaching nearly 20.2 billion USD, making up 64.4% of the total and down 8.7% from the same period last year. Real estate business came next with a total investment of 5.63 billion USD, accounting for 17.9% of the total and up 89.1% year-on-year. Followed were wholesale and retail, and electricity production and distribution with about 1.37 billion USD and 1.12 billion USD, respectively.

It is also worth noting that the wholesale and retail was the sector with the largest number of newly-registered projects (35.3%) and capital contributions and share purchases (42.4%). The processing and manufacturing industry led in additional capital (64.4%).

By counterpart:

There were 110 countries and territories investing in Vietnam in the first eleven months of 2024. Singapore was Vietnam’s leading source of foreign investment with 9.14 billion USD, making up of 29.1% of the total and growing 53.7% year-on-year. South Korea came second with over 3.89 billion USD, making up 12.4% of the total investment, and down 9% year-on-year. Followed by China, Hong Kong (China), Japan and so on.

Regarding the number of projects, China led in terms of number of new projects (accounting 28.3%); South Korea led when it comes to turns of capital adjustment (22.4%) and capital contributions and share purchases (25.0%).

By location:

The foreign investors had invested in 55 provinces and cities nationwide in the first eleven months this year. Bac Ninh led in FDI attraction with 5.04 billion USD, making up 16% of the total and 3 times higher than the figure of previous year. Quang Ninh ranked second with 2.29 billion USD, accounting 7.3% of the total and down 26.3% year-on-year. Ho Chi Minh City ranked third with 2.28 billion USD, accounting for 7.3% of the total. Followed by Hai Duong, Ha Noi, Binh Duong, and so on.

Ho Chi Minh City was the best performer in attracting new projects (or 42.3%), additional investment (14.7%) and capital contributions and share purchases (70.9%).

(Detailed data in Appendix II attached)

2. Evaluation of the FDI performance in November and the first eleven months 2024

- The total registered capital in eleven-month period continued to slightly increase 1% year-on-year, down 0.9 percentage points compared to the figure of the ten months.

- New and additional investments in the eleven months increased in both number and capital. In particular, the adjusted investment maintained a high growth rate (up 40.7% year-on-year).

- November alone recorded a large investment compared to other months of this year, with nearly 4.12 billion USD, accounting for 13.1% of the country’s total investment in eleven months.

 - 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, Quang Ninh, Ho Chi Minh City, Hai Phong, Hanoi, Binh Duong, Ba Ria - Vung Tau, Dong Nai, Nghe An and Bac Giang. These ten localities accounted for 79.6% of the country’s new projects and 69.4% of the total investment capital in the eleven months.

- Asian and traditional investors accounted the most proportion in the eleven months (those from Singapore, South Korea, China, Japan and Hong Kong (China)). These five partners accounted for 73% of newly-registered projects and 77% of total national investment capital).

- Many large-scale 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 eleven-month period.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of 45.2 billion USD (including crude oil), and 43.5 billion USD (excluding crude oil), the FDI sector offset the trade deficit of more than 22.1 billion USD of the domestic business sector, helping the country have a trade surplus of about 23 billion USD in the first ten months of 2024.

3. Accumulated foreign investment by the end of November 2024

Accumulated as of October 30, 2024, the whole country has 41,720 valid FDI projects with a total registered capital of about 496.7 billion USD. The accumulated realized capital of FDI projects is estimated at 378.9 billion USD, equaling 64.2% 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 over 299.8 billion USD, accounting for 61.2% of the total investment capital. It was followed by real estate business with 72.5 billion USD (representing 14.6%); electricity production and distribution with about 41.7 billion USD (or 8.4%).

- By counterpart: There were 147 countries and territories having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of 89.1 billion USD (accounting for 17.9% of the total). Singapore ranked second with over 82.3 billion USD (representing for 16.6%), 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 58.4 billion USD (accounting for 11.8% of the total investment capital), followed by Binh Duong with 42.4 billion USD (or 8.5% of the total investment capital), Hanoi with nearly 42.2 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first eleven months this year, Vietnamese businesses invested 151 new projects abroad and 22 projects saw capital adjustment. Vietnam’s total investment were about 598.7 million USD, marking a 51.6% increase year-on-year.

Vietnamese investors channelled capital into 16 sectors abroad, with science and technology topping the list (accounting for 33.4% of total investment capital). Followed were manufacturing and processing industry (or 18.1%), electricity production and distribution (or 15.8%), and other sectors.

Among 31 countries and territories recording Vietnamese investments during the period, Laos took the lead (26.8%), and Indonesia (23%) and India (15%).

By the end of November, Vietnam had 1,813 valid overseas investment projects with total capital exceeding 22.52 billion USD

The investments concentrated on mining (31.2%) and agriculture, forestry and fishery (15.1%). Meanwhile, the biggest destinations of Vietnamese investments were Laos (25%); Cambodia (13%); and Venezuela (8.1%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investment