In the first seven months of 2024, foreign investment in Vietnam has reached over $18 billion, marking a 10.9% increase compared to the same period in 2023. Notably, the entry of an investor from Kyrgyzstan has raised the total number of countries and territories investing in Vietnam to 147.

According to data from the Foreign Investment Agency, by July 20, 2024, the total registered foreign investment in Vietnam exceeded $18 billion, with disbursed capital reaching over $12.55 billion, an 8.4% increase year-over-year.

In July 2024 alone, Vietnam recorded over $2.8 billion in newly registered capital, accounting for 15.6% of the total investment for the seven-month period, ranking third after June and April 2024.

Despite the overall positive trend, capital contributions and share purchases continued to decline, whereas new and additional investments maintained a positive growth trajectory.

Specifically, in the first seven months of 2024, new investments reached over $10.76 billion, a 35.6% increase; additional capital amounted to nearly $4.97 billion, a 19.4% increase; while capital contributions and share purchases fell to $2.27 billion, a 45.2% decrease compared to the previous year.

Foreign investors have invested in 18 out of 21 national economic sectors, with the manufacturing and processing industry leading the way with over $12.65 billion, accounting for 70.3% of total registered capital, a 15.7% increase year-over-year. Real estate followed with over $2.87 billion, representing nearly 16% of total investment, a 78% increase. The wholesale and retail sector received nearly $740.5 million in registered capital.

In terms of investment partners, 91 countries and territories have invested in Vietnam in the first seven months of 2024. Singapore leads with nearly $6.52 billion, accounting for 36.2% of total investment, a 79.1% increase from 2023. Hong Kong follows with over $2.19 billion, making up 12.2% of the total, more than doubling compared to last year. Japan, China, and South Korea also rank highly.

A notable development in July 2024 was the entry of an investor from Kyrgyzstan, contributing $5 million in registered capital, placing Kyrgyzstan at 34th among 91 investing countries and territories in the past seven months, and 83rd overall.

Geographically, foreign investors have spread their capital across 48 provinces and cities in Vietnam. Bac Ninh leads with nearly $3.2 billion, accounting for 17.8% of the total investment, tripling compared to last year. Quang Ninh follows with over $1.56 billion, representing 8.7% of the total and more than doubling year-over-year. Ho Chi Minh City ranks third with nearly $1.55 billion, making up 8.6% of the total investment. Other significant locations include Ba Ria - Vung Tau, Hanoi, and Hai Phong.

With the continued growth in foreign investment, Vietnam remains an attractive destination for global investors, supported by a diverse range of sectors and a stable economic environment.

PV