As of June 20, 2024, the total newly registered capital, adjusted and contributed capital to buy shares purchase of foreign investors reached approximately 15.2 billion USD, a year-on-year rise of 13.1%. The capital generated by FDI projects was estimated at 10.84 billion USD, up 8.2% over the same period in 2023.

Accumulated to June 20, 2024, the whole country has 40,544 valid projects with a total registered capital of 484.77 billion USD. The accumulated realised capital of foreign investment projects reached about 308 billion USD, equalling 63.5% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first six months of 2024

1.1. FDI performance:

Realised capital:

As of June 20, 2024, disbursement of FDI projects were estimated at about 10.84 billion USD, up 8.2% year-on-year.

Import and export performance:

Export: Export (including crude oil) was estimated at more than 136.73 billion USD, up 12.3% year-on-year, accounting for 72.2% of export turnover. Export (excluding crude oil) was 135.73 billion USD, an increase of 12.4% from a year earlier, accounting for 71.6% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained nearly 114.11 billion USD, an increase of 15.5% over the previous period and accounting for 63.3% of the country’s import turnover.

In the first six months of 2024, the FDI sector saw a trade surplus of 22.62 billion USD including crude oil and over 21.62 billion USD excluding crude oil, while the domestic sector had a trade deficit of over 13.3 billion USD.

1.2. Investment registration

As of June 20, 2024, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at about 15.2 billion USD, a year-on-year rise of 13.1%. 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 1,538 projects worth approximately 9.54 billion USD, were granted licenses, up 18.9% and 46.9% in value year-on-year.

Adjusted capital: There were 592 projects had their capital added with a total of over 3.95 billion USD, dropping 6.3% in number and rising 35.5% in value projects had their capital added with a total of.

Capital contribution and share purchases: There were 1,420 capital contribution and share purchases by foreign investors (down 10,9% year-on-year) with a value of nearly 1.7 billion USD (down 57.7% 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 took the lead with about 10.69 billion USD, making up 70.4% of the total and rising 26.3% from the same period last year. The real estate came next with a total investment of over 2.47 billion USD, accounting for 16.3% of the total and increasing 61.5% compared with the same period last year. Followed were wholesale and retail, and professional, science and technology activities with 614 million USD and nearly 452 million USD, respectively

It is also worth noting that processing and manufacturing was the sector with the largest number of new projects (35.2%) and projects had their capital added (67.9%). The wholesale and retail led in the number of capital contributions and share purchases (43.5%).

By counterpart:

There were 84 countries and territories investing in Vietnam in the first six months of 2024. Singapore was Vietnam’s leading source of foreign investment with approximately 5.58 billion USD, making up 36.7% of the total FDI registered in the country (up 86% year-on-year). Japan came second with over 1,73 billion USD, making up 11.4% of the total, and falling 21.6 compared with the same period last year. Next were Hong Kong (China), South Korea, China and so on.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 29.1%); South Korea topped the list when it comes to turns of added capital (24.8%) and capital contributions and share purchases (26.4%).

By location:

The foreign investors had invested in 48 provinces and cities nationwide in the first six months of 2024. Bac Ninh led the way with a total registered capital of about 2.58 billion USD, making up 17% of the total and 3.1 times higher than the figure of previous year. Ba Ria - Vung Tau ranked second with nearly 1.54 billion USD, accounting 10.1% of the total and 12 times higher as compared with the same period last year. Quang Ninh ranked third with a total registered capital of over 1.36 billion USD, accounting for 9% of the total. Followed by Ha Noi, Hai Phong, Ho Chi Minh City and so on.

Ho Chi Minh City was the best performer in attracting new projects (38.8%), and capital contributions and share purchases (71.5%); Bac Ninh led in added capital (13.5%).

(Detailed data in Appendix II attached)

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

- The realised capital and total registered capital witnessed positive growth in the first six months this year, up 0.4 and 11.1 percentage points respectively as compared to the first five months.

- The additional investment capital in June recorded the highest amount in the first six months of 2024, about 1.9 billion USD, accounting for 47.3% of the total. This made the total added capital increasing by 35%, instead of continuously falling as compared to the same period in previous 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, Ba Ria - Vung Tau, Quang Ninh, Ha Noi, Hai Phong, Ho Chi Minh City, Dong Nai, Bac Giang, Binh Duong and Hung Yen. These ten localities accounted for 79.5% of the country’s newly-registered projects and 77.9% of the total investment capital in the first six months.

- Asian and traditional investors accounted the most proportion (those from Singapore, Japan, Hong Kong (China), South Korea and China). These five partners accounted for 73.7% of newly-registered projects and 68.8% of total national investment capital).

- Many large 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 new investment and expansion in the first six months of 2024.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of 22.62 billion USD (including crude oil) and 21.62 billion USD (excluding crude oil), the FDI sector offset the trade deficit of over 11.3 billion USD of the domestic business sector, helping the country have a trade surplus of 8.5 billion USD in the first six months of 2024.

3. Accumulated foreign investment as of May 20, 2024

Accumulated as of June 20, 2024, the whole country has 40,544 valid FDI projects with a total registered capital of approximately 484.77 billion USD. The accumulated realised capital of FDI projects is estimated at about 308 billion USD, equalling 63.5% 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 284.2 billion USD, accounting for 60.7% of the total investment capital. It was followed by real estate sector with nearly 70.6 billion USD (representing 14.6%); electricity production and distribution with about 40.8 billion USD (or 8.4%).

- By counterpart: There are 146 countries having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of 87.5 billion USD (accounting for 18% of the total). Singapore ranked second with 80.2 billion USD (representing for 16.5%). 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 57.8 billion USD (accounting for 11.9% of the total investment capital), followed by Hanoi with 43.5 billion USD (or 9% of the total investment capital), Binh Duong with about 41.1 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first six months of 2024, Vietnamese investors invested 57 new projects abroad and 20 projects had their capital added. Vietnam’s total investment were 137 million USD (equivalent 42.7% year on year).

Vietnamese investors have invested in 12 sectors abroad. Of which, mining sector took the lead (accounting for 42.8% of the total), wholesale and retail (or 17.4%), and processing and manufacturing industry (or 14%). The rest were other sectors.

There were 21 countries and territories receiving investment from Vietnam in the first six months of 2024, namely the Netherlands (39.8%), Laos (25.9%), the US (13.6%), New Zealand (4.3%).

Accumulated as of June 20, 2024, Vietnam had 1,743 valid aboard investment projects with total registered investment capital of over 22.25 billion USD.

Vietnam’s investment aboard focuses mainly in: mining (31.6%); agriculture, forestry and fishery (15.5%). The areas receiving the most investment from Vietnam were Laos (24.7%); Cambodia (13.1%); and Venezuela (8.23%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investment