FDI disbursement in Jan-Apr in Vietnam hits 5-year record, up 7.4% YoY
02 May 24 2 min read
Insights
- The total FDI disbursed in Vietnam in January-April 2024 was an estimated $6.28 billion—up by 7.4 per cent YoY, the highest four-month amount in the last five years.
- By April 20, total FDI inflows had reached nearly $9.27 billion, a YoY rise of 4.5 per cent.
- Meanwhile, Vietnamese investors invested $98.3 million in 36 new projects abroad during the period.
The processing-manufacturing sector witnessed the largest amount: $4.93 billion, accounting for 78.5 per cent of the total FDI disbursed in the country during the period. It also led the newly-registered FDI capital at nearly $5 billion.
By April 20 this year, total FDI inflows into the country had reached nearly $9.27 billion, a YoY rise of 4.5 per cent.
Of the total, $7.11 billion was poured into 966 new projects, an increase of 28.8 per cent YoY in the number of projects and 73.2 per cent YoY in the capital amount.
- US Brand G-III and AWWG collaborate to boost global fashion presence
- Vietnam to increase its share in New Zealand’s apparel imports
- Global clean energy investment to 2x fossil fuel spending in 2024: IEA
- US cotton exports down 38% in week ending May 30: USDA
- RCEP, China FTA, boost Cambodian exports in Jan-May 2024
- Vietnam to continue focus on Northeast Asian markets to boost exports
Among the 50 countries and territories with newly-licenced projects in Vietnam in the first four months this year, Singapore contributed the highest with $2.59 billion, making up 36.4 per cent of the total.
Hong Kong came second with $898.6 million, while Japan ranked third at $814.1 million.
Foreign investors also poured $929.6 million into 902 capital contribution and share purchase deals during the period, a news agency reported.
Meanwhile, Vietnamese investors invested $98.3 million in 36 new projects abroad during the four-month period—down by 29.8 per cent YoY, along with $580,000 in three operating projects.
The Netherlands received the highest investment capital ($54.6 million) from Vietnam among the 14 countries and territories that attracted Vietnamese investment.
Fibre2Fashion News Desk (DS)
Popular News
|
AkzoNobel plans closure of sites in Netherlands, Ireland & Zambia |
|
Chemours pauses TiO2 production at Altamira amid Mexico drought |
|
AAFA, NCTO request PPE clarification for H 7356A in Rhode Island state |
|
India’s leading textile firms report mixed performance in FY24 |
|
Bangladesh's new Customs Act 2023 set for June 6 rollout |
|
Indian textile industry urges immediate reforms as Modi eyes 3rd term |