5-yr high FDI disbursement in Vietnam in H1 2024, inflows up 13.1% YoY

As of June 20, foreign investment inflows into the country also saw a rise of 13.1 per cent year on year (YoY) to nearly $15.19 billion.

During the period, 1,538 new foreign-invested projects were licensed with a combined registered capital of over $9.54 billion—up by 18.9 per cent and 46.9 per cent YoY respectively.

Additionally, 592 operating projects were permitted to raise investment capital by over $3.95 billion—up by 35 per cent YoY.

Foreign investors allocated nearly $1.7 billion to contribute capital to and purchase shares of domestic companies via 1,420 transactions—a decline of 57.7 per cent YoY.

The manufacturing and processing sector attracted the highest foreign investment with $10.69 billion, accounting for 70.4 per cent of the total inflows, according to domestic media reports.

Among the 84 countries and territories investing in Vietnam, Singapore led with $5.58 billion, representing 36.7 per cent of the total investment. Japan followed with over $1.73 billion, making up 11.4 per cent of the total.

During the first half, the northern province of Bac Ninh led provinces and cities receiving FDI capital, with $2.58 billion and making up 17 per cent of the total investment received.

It was followed by the southern province of Ba Ria-Vung Tau with $1.54 billion, and the northern province of Quang Binh with $1.36 billion.

Vietnam's overseas investment reached $137 million over the six months. Of this, $118.6 million was registered for 57 new projects, while the remaining capital was added to three existing projects.

The Netherlands was the top investment destination for Vietnam with $54.6 million, accounting for 39.8 per cent of the total investment. Laos, the United States, New Zealand and Indonesia followed with $35.5 million, $18.7 million, $5.9 million and $5.5 million respectively.

Fibre2Fashion News Desk (DS)