Foreign Investment Agency: FDI disbursement in 2024 is the highest ever

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Foreign Investment Agency: FDI disbursement in 2024 is the highest ever
Date Submitted: 2 tuần trước

According to the Foreign Investment Agency, the foreign investment sector contributed positively to the state budget with about 20.49 billion USD and continued to be an important support for Vietnam's exports.
 

According to the Foreign Investment Agency, by the end of 2024, the total newly registered, adjusted, contributed, purchased shares and contributed capital foreign investment capital reached nearly 38.23 billion USD, down 3% compared to 2023.

 

Notably, the realized capital of foreign investment projects is estimated at about 25.35 billion USD, up 9.4% over the previous year, marking the highest disbursement level ever.

As of December 31, 2024, the country has 42,002 valid foreign investment projects with a total registered capital of nearly 502.8 billion USD; of which the realized capital reaches nearly 322.5 billion USD, equivalent to 64.1% of the total registered investment capital.

 

The leader of the Foreign Investment Agency commented that in 2024, foreign investment will continue to affirm its important role in Vietnam's economic growth. Although the total registered capital decreased slightly by 3%, the significant increase in adjusted capital (50.4%) and the number of new projects (1.8%) showed the strong confidence of foreign investors. Large projects in the fields of semiconductors, energy and high technology have been implemented, contributing to promoting economic restructuring.

 

In particular, traditional partners such as Singapore and South Korea continue to expand investment, while localities with good infrastructure and preferential policies such as Bac Ninh, Hai Phong, and Ho Chi Minh City take the lead in attracting capital.

 

The foreign investment sector contributed positively to the state budget with about 20.49 billion USD and continued to be an important support for Vietnam's exports.

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The Foreign Investment Agency also said that the investment registration situation in 2024 also had many highlights. The country attracted 3,375 new projects, up 1.8% compared to 2023, with a total registered capital of more than 19.7 billion USD, down 7.6%. Capital adjustment recorded 1,539 projects with a total additional capital of nearly 14 billion USD, up 50.4%. In addition, capital contribution and share purchase activities with 3,502 transactions reached a total value of nearly 4.54 billion USD, down 48.1%.

 

Investors have invested in 18 out of 21 national economic sectors, of which the processing and manufacturing industry leads with 25.58 billion USD, accounting for 66.9% of total registered capital, followed by the real estate business with 6.31 billion USD, accounting for 16.5%.

 

Regarding investment partners, in 2024, there will be 114 countries and territories investing in Vietnam. Singapore leads with a total investment capital of nearly 10.21 billion USD, accounting for 26.7% of the total capital, up 31.4% compared to 2023. South Korea ranks second with nearly 7.06 billion USD, accounting for 18.5%, up 37.5%.

 

Next are China, Hong Kong and Japan. The investment locations show that Bac Ninh leads with nearly 5.12 billion USD, 2.8 times higher than in 2023. Hai Phong and Ho Chi Minh City ranked second and third with more than 4.94 billion USD and 3.04 billion USD, respectively.

By the end of 2024, Vietnam had attracted a cumulative 502.8 billion USD in foreign investment capital into 42,002 valid projects; of which the processing and manufacturing industry accounted for the highest proportion with more than 308.76 billion USD, followed by real estate with nearly 73.18 billion USD and electricity production and distribution with 41.93 billion USD.

 

South Korea leads in total registered capital with more than 92 billion USD, followed by Singapore with 83.13 billion USD and Japan, Taiwan (China), Hong Kong (China).

Locally, Ho Chi Minh City leads with nearly 59 billion USD, Binh Duong and Hanoi rank second and third with 42.48 billion USD and 42.34 billion USD respectively.

 

According to the Foreign Investment Agency, in 2024, the foreign investment sector will continue to record important contributions to import and export activities. Exports, including crude oil, are estimated to reach nearly 290.8 billion USD, up 12.2% compared to 2023, accounting for 71.8% of the country's total export turnover. Excluding crude oil, exports will reach more than 289 billion USD, up 12.4%, accounting for 71.4% of the total turnover.

 

On the other hand, imports of the foreign investment sector reached nearly 241.6 billion USD, up 15.5%, accounting for 63.4% of total import turnover. As a result, the foreign investment sector had a trade surplus of nearly 49.2 billion USD including crude oil and 47.5 billion USD excluding crude oil, helping to offset the trade deficit of more than 25.4 billion USD of the domestic enterprise sector, bringing the whole country to a trade surplus of 23.8 billion USD./.

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