As many as 190 new projects were granted investment registration certificates, a year-on-year rise of 24.2%, with a total registered capital of more than 2 billion USD, 66.9% higher than that of the same period last year.

Workers at the Thai Nguyen factory of Samsung Electronics Vietnam.

The sharp increase in the number of projects and the appearance of large-scale projects (with an investment of more than 600 million USD each) were one of the main factors driving the sharp increase in foreign investment capital.

In addition, 75 projects registered to adjust investment capital with more than 235.4 million USD added, down 15.7% and 23.1% respectively.

The month also saw foreign investors contribute more than 116.5 million USD to make 174 share purchases, down 14.7% and 33.1% respectively over the same period last year.

Foreign investors disbursed 1.48 billion USD during the month, a year-on-year increase of 9.6%.

In terms of investment fields, foreign investors invested in 15 industries out of 21 national economic sectors. Of that, the real estate sector attracted the most with more than 1.27 billion USD (53.9%) and the processing and manufacturing industry ranked second with nearly 926 million USD (39.2%). They were followed by the science and technology sector with 65.2 million USD and wholesale and retail with nearly 54.5 million USD.

The wholesale and retail sector attracted the highest number of new projects (accounting for 38.9%) and capital contribution to purchase shares (accounting for 49.4%).

Companies from 39 countries and territories invested in Vietnam in January 2024. Of them, Singapore led with more than 1.4 billion USD, accounting for 59.5% of total investment capital. Japan came second with nearly 297 million USD.

The foreign investors invested in 35 provinces and cities across the country. Hanoi attracted the most FDI this month with over 867 million USD, or 36.7% of the total registered investment capital and 39.7 times higher than the same period in 2023. Ba Ria-Vung Tau ranked second with nearly 282 million USD, followed by Bac Giang, Bac Ninh, and Dong Nai.

Vietnam attracts over 39,100 FDI projects with registered capital of nearly 469 billion USD so far

Vietnam had attracted 39,140 foreign direct investment (FDI) projects with total registered capital of over 468.91 billion USD by the end of 2023, reported the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).

FDI up over 32% in 2023

Total newly-registered foreign investment capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors totalled 36.6 billion USD as of December 20, 2023, an increase of 32.1% compared to 2022.

Global minimum tax unlikely to inhibit FDI flows into Vietnam

Global minimum tax is not a big concern as multinational corporations not only consider tax incentives but also other factors and support policies when investing in Vietnam, experts assess.

A turning point in 35 years of FDI attraction

During the 35-year journey of attracting foreign direct investment (FDI), Vietnam has continuously improved institutions and preferential policies, effectively attracting and managing domestic and foreign investment resources. The expansion of economic diplomacy activities of the Party and Government in recent times has created more opportunities for Vietnam to attract high-quality capital flows into new industries.

FDI firms power Vietnam’s exports

Foreign firms contributed 259.95 billion USD or 73.1% of Vietnam’s total export revenue in 2023, statistics show.

Source: VNA