|Production line of electronic equipment at Bluecom Vina Co., Ltd in Hai Phong city__Photo: VNA
Vietnam had attracted more than USD 2.36 billion in foreign direct investment (FDI) as of January 20, an increase of 40.2 percent over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
As many as 190 new projects were granted investment registration certificates, a year-on-year rise of 24.2 percent, with a total registered capital of more than USD 2 billion, 66.9 percent higher than that of the same period last year.
The sharp increase in the number of projects and the appearance of large-scale projects (with an investment of more than USD 600 million 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 USD 235.4 million added, down 15.7 percent and 23.1 percent respectively.
The month also saw foreign investors contribute more than USD 116.5 million to make 174 share purchases, down 14.7 percent and 33.1 percent respectively over the same period last year.
Foreign investors disbursed USD 1.48 billion during the month, a year-on-year increase of 9.6 percent.
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 USD 1.27 billion (53.9 percent) and the processing and manufacturing industry ranked second with nearly USD 926 million (39.2 percent). They were followed by the science and technology sector with USD 65.2 million and wholesale and retail with nearly USD 54.5 million.
The wholesale and retail sector attracted the highest number of new projects (accounting for 38.9 percent) and capital contribution to purchase shares (accounting for 49.4 percent).
Companies from 39 countries and territories invested in Vietnam in January 2024. Of them, Singapore led with more than USD 1.4 billion, accounting for 59.5 percent of total investment capital. Japan came second with nearly USD 297 million.
The foreign investors invested in 35 provinces and cities across the country. Hanoi attracted the most FDI this month with over USD 867 million, or 36.7 percent 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 USD 282 million, followed by Bac Giang, Bac Ninh, and Dong Nai.- (VNA/VLLF)