As of August 31, 2024, the total newly registered capital, adjusted and contributed capital to buy shares purchase of foreign investors reached over 20.52 billion USD, a year-on-year rise of 7%. The capital generated by FDI projects was estimated at 14.15 billion USD, up 8% over the same period in 2023.

Accumulated to August 31, 2024, the whole country has 41,142 valid projects with a total registered capital of 491.39 billion USD. The accumulated realised capital of foreign investment projects reached about 311.3 billion USD, equaling 63.4% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first eight months of 2024

1.1. FDI performance:

Realised capital:

By the end of August, disbursement of FDI projects were estimated to reach 14.15 billion USD, up 8% year-on-year.

Import and export performance:

Export: Export (including crude oil) was more than 189.8 billion USD, up 13% year-on-year, accounting for 72.2% of export turnover. Export (excluding crude oil) was over 188.5 billion USD, an increase of 13.1% from a year earlier, accounting for 71.7% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained nearly 157 billion USD, an increase of 16.9% over the previous period and accounting for 63.7% of the country’s import turnover.

In the first eight months of 2024, the FDI sector saw a trade surplus of about 32.8 billion USD including crude oil and over 31.5 billion USD excluding crude oil, while the domestic sector had a trade deficit of 16.5 billion USD.

1.2. Investment registration

By the end of August, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors stood at over 20.52 billion USD, a year-on-year rise of 7%. 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 2,247 projects worth about 12 billion USD, were granted licenses, up 8.5% in number and 27% in value year-on-year.

Adjusted capital: There were 926 projects had their capital added with a total of over 5.7 billion USD, up 4.9% in number and 14.8% in value year-on-year.

Capital contribution and share purchases: There were 2,196 capital contribution and share purchases by foreign investors (down 7.8% year-on-year) with a value of nearly 2.81 billion USD (down 40.9% 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 approximately 14.17 billion USD, making up 69% of the total and rising 7.4% from the same period last year. The real estate came next with a total investment of over 3.36 billion USD, accounting for 16.4% of the total and increasing 77.6% compared with the same period last year. Followed were wholesale and retail, and professional, science and technology activities with 844.9 million USD and 761.9 million USD, respectively

It is also worth noting that processing and manufacturing was the sector with the largest number of new projects (34.3%) and projects had their capital added (66.1%). The wholesale and retail led in the number of capital contributions and share purchases (41.9%).

By counterpart:

There were 94 countries and territories investing in Vietnam in the first eight months of 2024. Singapore was Vietnam’s leading source of foreign investment with more than 6.79 billion USD, making up 33.1% of the total FDI registered in the country (up 75.5% year-on-year). Hong Kong (China) came second with 2.4 billion USD, making up 11.7% of the total, double the figure compared with the same period last year. Next were Japan, China, South Korea and so on.

Regarding the number of projects, China led in terms of number of newly-registered projects (accounting 29.5%); South Korea topped the list when it comes to turns of added capital (24.5%) and capital contributions and share purchases (25.9%).

By location:

The foreign investors had invested in 54 provinces and cities nationwide in the first eight months of 2024. Bac Ninh led the way with a total registered capital of about 3.47 billion USD, making up 16.9% of the total and 2.94 times higher than the figure of previous year. Quang Ninh ranked second with 1.78 billion USD, accounting 8.7% of the total and 2.3 times higher as compared with the same period last year. Ho Chi Minh ranked third with a total registered capital of over 1.76 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 (40.4%), adjusted capital (14.6%) and capital contributions and share purchases (70.4%).

(Detailed data in Appendix II attached)

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

- The eight-month realized capital and total registered capital continued to grow compared with the same period, up 8% and 7% respectively. In which, new-registered capital, adjusted capital, number of new projects and investment scale all increased.

- 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, Ba Ria - Vung Tau, Ha Noi, Hai Phong, Binh Duong, Dong Nai, Bac Giang, and Thai Nguyen. These ten localities accounted for 80.7% of the country’s newly-registered projects and 77.3% of the total investment capital in the first eight months.

- Asian and traditional investors accounted the most proportion in the eight months (those from Singapore, Hong Kong (China), Japan, China and South Korea). These five partners accounted for 74% of newly-registered projects and 77.1% 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 eight months of 2024.

- Export of the FDI sector continued to increase compared to the same period last year. With a trade surplus of 32.8 billion USD (including crude oil) and 31.5 billion USD (excluding crude oil), the FDI sector offset the trade deficit of 15.55 billion USD of the domestic business sector, helping the country have a trade surplus of about 16.3 billion USD in the first eight months of 2024.

3. Accumulated foreign investment by the end of August 2024

Accumulated as of August 31, 2024, the whole country has 41,142 valid FDI projects with a total registered capital of approximately 491.39 billion USD. The accumulated realized capital of FDI projects is estimated at about 311.33 billion USD, equaling 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 299.9 billion USD, accounting for 61% of the total investment capital. It was followed by real estate sector with nearly 71.1 billion USD (representing 14.5%); electricity production and distribution with about 40.8 billion USD (or 8.3%).

- By counterpart: In August, new projects from Burkina Faso and Tunisia raised the total number of countries and territories investing in Vietnam to 149. In which, South Korea ranked first with a total registered capital of over 87.78 billion USD (accounting for 17.9% of the total). Singapore ranked second with over 80.7 billion USD (representing for 16.4%), 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 58.1 billion USD (accounting for 11.8% of the total investment capital), followed by Hanoi with more than 43.6 billion USD (or 8.9% of the total investment capital), Binh Duong with over 41.8 billion USD (representing 8.5% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first eight months of 2024, Vietnamese investors invested 75 new projects abroad and 17 projects had their capital added. Vietnam’s total investment were over 147.3 million USD (equivalent 35.4% year on year).

Vietnamese investors have invested in 14 sectors abroad. Of which, mining sector took the lead (accounting for 39.8% of the total), processing and manufacturing industry (or 19.7%) and wholesale and retail (or 16.8%). The rest were other sectors.

There were 25 countries and territories receiving investment from Vietnam in the first eight months of 2024, namely the Netherlands (37.1%), Laos (25.7%), the UK (13.4%), the US (12.7%).

Accumulated as of August 31, 2024, Vietnam had 1,757 valid aboard investment projects with total registered investment capital of approximately 22.26 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 (8.2%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Invesment