Vietnam attracts 2.36 billion USD in FDI in first month of 2024

Vietnam had attracted more than 2.36 billion USD in foreign direct investment (FDI) as of January 20, an increase of more than 40% 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%, with a total registered capital of more than 2 billion USD, some 67% higher than that of the same period last year.

The sharp increase in the number of projects and the appearance of large-scale projects were one of the main factors driving the sharp increase in foreign investment capital.

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 1.27 billion USD (53.9%) and the processing and manufacturing industry ranked second with nearly 926 million USD (39.2%).

Companies from 39 countries and territories invested in Vietnam in January 2024. Of them, Singapore led with more than 1.4 billion USD, accounting for 59.5% of total investment capital. Japan came second with nearly 297 million USD.

The foreign investors invested in 35 provinces and cities across the country. Hanoi attracted the most FDI this month, followed by Ba Ria-Vung Tau, Bac Giang, Bac Ninh, and Dong Nai./.

VNA