As of April 20, 2024, the total newly registered capital, adjusted and contributed capital to buy shares purchase of foreign investors reached over 9.27 billion USD, a year-on-year rise of 4.5%. The capital generated by FDI projects was estimated at 6.28 billion USD, up 7.4% over the same period in 2023.

Accumulated to April 20, 2024, the whole country has 40,049 valid projects with a total registered capital of nearly 478.58 billion USD. The accumulated realised capital of foreign investment projects reached about 303.46 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 four months of 2024

1.1. FDI performance:

Realised capital:

As of April 20, 2024, disbursement of FDI projects were estimated at about 6.28 billion USD, up 7.4% year-on-year.

Import and export performance:

Export: Export (including crude oil) was estimated at more than 90 billion USD, up 12.9% year-on-year, accounting for 72.7% of export turnover. Export (excluding crude oil) was 89.08 billion USD, an increase of 12.5% from a year earlier, accounting for 72% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained 74.13 billion USD, an increase of 14.3% over the previous period and accounting for 63.6% of the country’s import turnover.

In the first four months of 2024, the FDI sector saw a trade surplus of over 15.89 billion USD including crude oil and over 14.94 billion USD excluding crude oil, while the domestic sector had a trade surplus of 8.6 billion USD.

1.2. Investment registration

As of April 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 9.27  billion USD, a year-on-year rise of 4.5%. The newly registered capital still maintained the increase in both the number of project and investment capital compared with the previous year.

Of which:

Newly registered capital: There were 966 projects worth more than 7.11 billion USD, were granted licenses, up 28.8% in number and 73.2% in value year-on-year.

Adjusted capital: There were 345 turns of project registering to adjust their investment (down 10.6% year-on-year) with a total additional capital of over 1.23 billion USD (down 25.6% year-on year).

Capital contribution and share purchases: There were 902 capital contribution and share purchases by foreign investors (down 13.6% year-on-year) with a value of nearly 929.6 million USD (down 70.1% 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 over 6.15 billion USD, making up 66.4% of the total and rising 19.8% from the same period last year. The real estate came next with a total investment of over 1.73 billion USD, accounting for 18.7% of the total and increasing 78.2% compared with the same period last year. Followed were wholesale and retail, and transportation and warehousing with over 451.4 million USD and nearly 383.2 million USD, respectively

It is also worth noting that processing and manufacturing was the sector with the largest number of newly-registered projects (37.2%) and number of capital adjustment (60.3%). The wholesale and retail led in the number of capital contribution and share purchases (44.2%).

By counterpart:

There were 75 countries and territories investing in Vietnam in the first four months of 2024. Singapore was Vietnam’s leading source of foreign investment with approximately 2.93 billion USD, making up 31.5% of the total FDI registered in the country (up 33.3% year-on-year). Hong Kong (China) came second with more than 1.18 billion USD, making up 12.8% of the total, and nearly double the figure as compared with the same period last year. Investment of Singapore and Hong Kong (China) are mainly new investment, accounting for 88.5% and 75.9% of their total investment in the first four months of 2024. Next were Japan, China and so on.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 28.8%); South Korea topped the list when it comes to turns of capital adjustment (22.9%) and capital contributions and share purchases (27.2%).

By location:

The foreign investors had invested in 44 provinces and cities nationwide in the first four months of 2024. Ba Ria - Vung Tau led the way with a total registered capital of over 1.52 billion USD, making up 16.4% of the total and 12 times higher than the figure of previous year. Hanoi ranked second with nearly 1.15 billion USD, accounting 12.4% of the total and falling 32.7% year-on-year. Bac Ninh ranked third with a total registered capital of approximately 998.3 million USD, accounting for 10.8% 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 (37%), capital contributions and share purchases (72.3%) and adjusted capital (18.3%).

(Detailed data in Appendix II attached)

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

- April 2024 recorded a higher amount of new investment and value of capital contribution and share purchase than the precious months of this year, and the number of new projects also reached the highest amount since the beginning. The increase in the total registered investment capital (including newly registered capital, adjusted and contributed capital to buy shares purchase), reached 4.5% compared to the same period in 2024 , down 8.9 percentage points compared to the first three months of 2024 and down 34,1 percentage point compared to the three months of 2024 because the value of capital contribution and share purchase in the first four months of 2024 decreased significantly year-on-year.

- 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 74.8% of the country’s newly-registered projects and 79.1% of the total investment capital in the first four 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 73.1% of newly-registered projects and 73.4% 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 four months.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of over 15.89 billion USD (including crude oil) and 14.94 billion USD (excluding crude oil), the FDI sector offset the trade deficit of 8.6 billion USD of the domestic business sector, helping the country have a trade surplus of about 7.29 billion USD in the first four months of 2024.

3. Accumulated foreign investment as of April 20, 2024

Accumulated as of April 20, 2024, the whole country has 40,049 valid FDI projects with a total registered capital of approximately 478.6 billion USD. The accumulated realised capital of FDI projects is estimated at about 303.46 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 289.7 billion USD, accounting for 60.5% of the total investment capital. It was followed by real estate sector with nearly 70.2 billion USD (representing 14.7%); electricity production and distribution with about 40.7 billion USD (or 8.5%).

- By counterpart: There are 146 countries having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of 86.99 billion USD (accounting for 18.2% of the total). Singapore ranked second with over 77.5 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 remained 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 42.2 billion USD (or 8.9% of the total investment capital), Binh Duong with approximately 40.7 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first four months of 2024, Vietnamese investors invested 36 new projects abroad and 3 turns of capital adjustment. Vietnam’s total newly-registered investment were about 98.86 million USD (equivalent 64.4% year on year).

Vietnamese investors have invested in 11 sectors abroad. Of which, mining sector took the lead (accounting for 59.3% of the total), wholesale and retail (or 11.7%), other services (or 10/1%) and construction (5.6%).

There were 14 countries and territories receiving investment from Vietnam in the first four months of 2024, namely the the Netherlands (55.2%), Laos (16.5%), the US (6.7%), New Zealand (5.9%) and Singapore.

Accumulated as of April 20, 2024, Vietnam had 1,733 valid aboard investment projects with total registered investment capital of over 22.12 billion USD.

Vietnam’s investment aboard focuses mainly in: mining (31.6%); agriculture, forestry and fishery (15.6%). The areas receiving the most investment from Vietnam were Laos (24.7%); Cambodia (13.1%); and Venezuela (8.3%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investmet