Vietnam reports $6.17 bn foreign investment influx

As per media reports, the Foreign Investment Agency, Ministry of Planning and Investment, released this data recently, indicating a 13.4 per cent increase from the same period in 2023.

This influx includes 644 new projects, totalling more than $4.77 billion, marking a 23.4 per cent rise in project numbers and a 57.9 per cent increase in capital compared to the previous year.

Additionally, 248 projects registered adjustments, adding $934.6 million, and 604 instances of capital contribution and share purchases amounted to $466.2 million.

Despite declines in adjusted investment and capital contributions, newly registered investment capital continued its upward trend even as the average scale of new projects in March 2024 decreased to just over $4.9 million/project, compared to $7.4 million/project in February and $10.6 million/project in January.

Meanwhile, realised capital reportedly reached approximately $4.63 billion in the first quarter of 2024, a 7.1 per cent increase from the same period in 2023, signalling a promising trend in capital disbursement.

Foreign investment spanned 17 out of 21 economic sectors, with the processing and manufacturing industry leading at nearly $3.93 billion, followed by real estate with over $1.58 billion.

Singapore maintained its lead as the top investor, followed by Hong Kong.

Notably, the Lumi Hanoi Urban Area Project attracted over $662 million from Singapore.

Hanoi emerged as the top investment destination, with over $970.8 million, followed by Bac Ninh with nearly $745.2 million.

These figures reflect substantial growth compared to the same period in 2023.

China led in the number of new investment projects, while Korea dominated in capital adjustments and contributions. 

Fibre2Fashion News Desk (DR)