(MPI) - As of July 20, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 18 billion USD, a year-on-year rise of 10.9%.

Illustrative image

Foreign investors registered nearly 10.76 billion USD in 1,816 new projects, up 35.6% in capital and 11.6% in the project number as compared to the same time last year. Meanwhile, 734 projects had their capital added with a total of over 4.97 billion USD, down 0.3% and up 19.4% year-on-year, respectively.

Foreign investors poured about 2.27 billion USD into 1,795 capital contribution and share purchase, down 45.2% and 3.1% as compared with the same period last year, respectively.

They invested in 18 out of the 21 economic sectors, of which the processing and manufacturing industry took the lead with over 12.65 billion USD, making up 70.3% of the total investment and up 15.7% from the same period last year.

The real estate came next with a total investment of more than 2.87 billion USD, accounting for 16% of the total and increasing 78% year-on-year. Followed were wholesale and retail, and professional, scientific and technological activities with 740.5 million USD and nearly 490.6 million USD, respectively.

It is also worth noting that processing and manufacturing was the sector with the largest number of newly-registered projects (35.1%) and number of capital adjustment (65.8%). The wholesale and retail led in the number of capital contribution and share purchases (42.1%).

Among the 91 countries and territories having investment in Vietnam in the first seven months, Singapore was the largest investor with approximately 6.52 billion USD, making up of 36.2% of the total and growing 79.1% year-on-year. Hong Kong (China) came second with more than 2.19 billion USD, making up 12.2% of the total investment, and double as compared with the same period last year. Followed by Japan, China and South Korea.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 29.7%); South Korea topped the list when it comes to turns of capital adjustment (24.5%) and capital contributions and share purchases (26%).

The foreign businesses invested in 48 provinces and cities nationwide in the first seven months of 2024. Bac Ninh led in FDI attraction with 3.2 billion USD, making up 17.8% of the total and 3 times higher than the figure of previous year. Quang Ninh ranked second with 1.56 billion USD, accounting 8.7% of the total and 2.2 times higher as compared with the same period last year. Ho Chi Minh ranked third with a total registered capital of about 1.55 billion USD, accounting for 8.6% of the total. Followed by Ba Ria - Vung Tau, Ha Noi, Hai Phong and so on.

Ho Chi Minh City was the best performer in attracting new projects (39.1%), and capital contributions and share purchases (70.1%); Hanoi led in added capital (14%).

As of July 20, disbursement of FDI projects were estimated at about 12.55 billion USD, up 8.2% year-on-year.

Export, including crude oil, was estimated at 162.9 billion USD, up 13.1% year-on-year, accounting for 72.3% of export turnover. Export (excluding crude oil) was 161.8 billion USD, an increase of 13.2% from a year earlier, accounting for 71.8% of the country’s export turnover.

Imports of the foreign-invested sector attained nearly 135 billion USD, an increase of 16.9% over the previous period and accounting for 63.4% of the country’s import turnover.

In the first seven months this year, the FDI sector saw a trade surplus of 27.9 billion USD including crude oil and 26.8 billion USD excluding crude oil, while the domestic sector had a trade deficit of 15.55 billion USD./.

Bao Linh

Ministry of Planning and Investment