According to the Ministry of Planning and Investment of Vietnam, the total newly registered capital, adjusted capital and capital contribution to buy shares and capital purchase contributions of foreign investors (FDI) reached nearly $38.2 billion in 2024, down 3% compared to the same period in 2023.
Specifically, there were 3,375 new investment projects (up 1.8% y-o-y), with a total registered capital of more than $19.7 billion (down 7.6% y-o-y). There were 1,539 projects registering to adjust investment capital (up 11.2% y-o-y), the total additional investment capital reached nearly $14 billion (up 50.4% y-o-y). The total value of contributed capital reached nearly $4.5 billion (down 48.1% y-o-y).
Foreign investors have invested in 18 out of 21 sectors of the national economy. In particular, the processing and manufacturing industry leads with a total investment capital of nearly $25.6 billion, accounting for 67% of the total registered investment capital. The real estate business industry ranks second with a total investment capital of $6.3 billion, accounting for 16.5% of the total, up 18.8% y-o-y.
The following industries are the electricity production, and distribution and wholesale and retail industries with a total registered capital of more than $1.4 billion and nearly $1.4 billion, respectively. The rest are other industries such as construction, transportation and warehousing, information and communications, etc.
In terms of the number of projects, wholesale and retail is the leading industry in terms of the number of new projects (accounting for 34.7%). The processing and manufacturing industry leads in the number of projects with adjusted capital (accounting for 63.8%).
There are 114 countries and territories investing in Vietnam in 2024. Of which, Singapore leads with a total investment capital of nearly $10.2 billion, accounting for 26.7% of the total investment capital, an increase of 31.4% compared to 2023. Remarkably, Singaporean investment includes a $662 million real estate project by CapitaLand Group. South Korea ranks second with nearly $7.06 billion, accounting for 18.5% of the total investment capital, an increase of 37.5% compared to 2023, followed by China, Hong Kong, Japan, etc.
China is the leading partner in the number of new investment projects (accounting for 28.3%); Korea leads in the number of capital adjustments (accounting for 22.8%). Foreign investors invested in 56 provinces and cities across the country in 2024. Bac Ninh led with a total registered investment capital of nearly $5.12 billion, accounting for 13.4% of the total investment capital nationwide, more than 2.8 times higher than the same period. Bac Ninh is located in northern Vietnam.
Hai Phong ranked second with more than $4.9 billion accounting for 12.9% of the total registered investment capital, up 42.4% compared to 2023. Ho Chi Minh City ranked third with a total registered investment capital of more than $3.04 billion, accounting for nearly 8% of the total investment capital nationwide, down 49.4% compared to 2023, followed by Quang Ninh, Hanoi, Binh Duong, etc.
Ho Chi Minh City leads the country in both the number of new projects (accounting for 42%) and number of projects with adjusted capital (accounting for 15.4%). In 2024, it is estimated that foreign investment projects disbursed about $25.35 billion, an increase of 9.4% compared to 2023.
Exports excluding crude oil are estimated to reach more than 289.2 billion USD, an increase of 12.5% compared to 2023, accounting for more than 71.3% of the country’s export turnover. Imports of the FDI sector are estimated to reach nearly 241.6 billion USD, an increase of 15.1% compared to 2023 and accounting for 63.2% of the country’s import turnover.
In general, in 2024, the FDI sector had a trade surplus of nearly $50.3 billion including crude oil and a trade surplus of more than $48.6 billion excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of more than $25.5 billion.
Vietnam’s Overseas Investment
Regarding Vietnam’s investment abroad, Vietnam’s total overseas investment capital (newly granted and adjusted capital) reached $664.8 million, an increase of 57.7% over the previous year. Of which, Scientific and technological professional activities reached $200.5 million, accounting for 30.2% of total investment capital, followed by processing and manufacturing industry ($139.6 million USD, accounting for 21.1%), production and distribution of electricity, gas, hot water and air conditioning ($94.6 million USD, accounting for 14.2%), Transportation and warehousing ($70.2 million, accounting for 10.6%), etc.
Laos is the leading country with $191.2 million, accounting for 28.8% of total investment capital; followed by Indonesia $137.7 million, accounting for 20.7%; India $90.1 million, accounting for 13.6%; the United States $71.7 million, accounting for 10.8%; the Netherlands $54.6 million USD, accounting for 8.2%; and the Philippines $32.1 million, accounting for 4.8%.
