FDI inflow soars by 13.1% in H1

By VNA   July 1, 2024 | 07:15 pm PT
FDI inflow soars by 13.1% in H1
Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy
Vietnam attracted nearly US$15.2 billion in foreign direct investment (FDI) in the first six months of 2024, up 13.1% year-on-year, according to the General Statistics Office.

Foreign investors registered nearly $9.54 billion in 1,538 new projects, up 46.9% in capital and 18.9% in the project number as compared to the same time last year.

Meanwhile, 592 projects had their capital adjusted up, with a total amount of $3.95 billion, down 6.3% and up 35% year-on-year, respectively.

Capital contributions and share purchases fell 57.7% year-on-year to $1.7 billion.

Some $10.84 billion in FDI was disbursed over the six-month span, rising 8.2% against the same time last year.

Foreign investors injected their capital in 18 out of 21 economic sectors in the country, with the processing and manufacturing industry attracting the largest investment of $10.69 billion, or 70.4% of the total, followed by realty sector (over $2.47 billion), wholesale and retail sale industry ($614 million), and professional, scientific and technological activities (over $452 million).

Registering nearly $5.58 billion in Vietnam, Singapore was the largest investor among 84 countries and territories with investment in the country, accounting for around 36.7% of total FDI in the reviewed period and representing a year-on-year surge of 86%. Japan came second with more than $1.73 billion, followed by Hong Kong (China), the Republic of Korea, and China.

The foreign investors funneled their capital into 48 cities and provinces across the nation, with Bac Ninh Province leading in FDI attraction with $2.58 billion. In the second and third places were Ba Ria – Vung Tau and Quang Ninh provinces, with corresponding FDI of some $1.54 billion and $1.36 billion.

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