According to the Foreign Investment Agency under the Ministry of Planning and Investment, as of March 20, 2024, the total investment capital reached more than $6.17 billion, a year-on-year rise of 13.4%.
Specifically, 644 new projects were awarded investment registration certificates, with a total registered capital of more than $4.77 billion, up 23.4% in the number of projects and 57.9% in value over the previous year.
In addition, 248 projects were registered to adjust investment capital, resulting in a total additional registered capital of $934.6 million, a 6% rise in the number of projects, and a 22.6% fall in capital over the same period last year. Foreign investors made 604 times capital contributions and share purchases, totaling $466.2 billion, a 14.1% decrease several times and 61.7% in capital during the same period.
Thus, even though adjusted investment capital, capital contributions, and share purchases have all decreased, the newly registered investment capital still maintains an increase over the same period.
According to the Foreign Investment Department, March 2024 reported the adjusted investment capital of existing projects, the value of capital contributions, and share purchase transactions higher than in January and February 2024. New investment projects are also increasing, but the scale of new projects is less since there are fewer major projects, so the total registered investment capital in three months still climbed by 13.4% over the same period, down 25.2 percentage points from two months of 2024.
Specifically, the average scale of new investment projects in March 2024 was slightly more than $4.9 million/project, lower than $7.4 million/project in February 2024 and $10.6 million/project in January 2024.
Meanwhile, realized capital reached around $4.63 billion in the first three months of 2024, up 7.1% over the same time in 2023. This signals that disbursement will maintain a positive trend in recent years.
From another perspective, the Foreign Investment Department stated that foreign investors poured capital into 17 out of 21 national economic sectors. The processing and manufacturing industry leads the way with $3.93 billion in total investment capital, accounting for nearly 63.6% of total registered investment capital, a 1.3% decline from the previous year.
The real estate business came second with a total investment capital of more than $1.58 billion, accounting for 25.6% of total registered investment capital, about 2.1 times higher than the same period.
Next, are the wholesale and retail industries; professional, scientific, and technological activities with investments of over $224.8 million and around $190.2 million, respectively. Other industries make up the remainder.
In the first three months of 2024, 62 nations and territories invested in Vietnam as investment partners.
Among them, Singapore still leads with an investment of over $2.55 billion, accounting for 41.3% of the total, up by 51.3% over the same period in 2023.
As to the Foreign Investment Agency, investment from Singapore and Hong Kong is mainly new, accounting for 89.5% and 79.1% of the respective countries' total investment capital in three months, respectively. Japan and China are next.
However, in terms of total projects, China is the leading partner in the number of new investment projects (27.8%); Korea leads in the number of capital adjustments (23%) and capital contributions and share purchases (27.8%).
Investment structure by countries/ territories in the first quarter of 2024.
According to the investment area, Hanoi was the top FDI destination with over $970.8 million, accounting for 15.7% of total registered investment capital and above the 2023 level by over 6.1 times. Bac Ninh came in second place with a total registered investment capital of nearly $745.2 million, or around 12.1% of the nation's total investment capital. Quang Ninh, Thai Nguyen, Dong Nai, and Ho Chi Minh City.. followed.
