Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Workers at RoK-invested Bumjim Electronics Vina Limited Liability Company (Photo: VNA)

Hanoi (VNA) - Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached 31.4 billion USD in the first 11 months of 2024.

Nearly 17.39 billion USD was poured into 3,035 new projects, while 9.93 billion USD was added to 1,350 existing projects, and 4.06 billion USD was spent by foreign investors to purchase shares.

In November alone, 4.12 billion USD worth of FDI was registered, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

In January-November, a total of 21.68 billion USD was disbursed, up 7.1% against the same period last year.

Foreign investors invested in 18 out of 21 sectors of the national economy. Among these, the processing and manufacturing industry led with total investment capital reaching nearly 20.2 billion USD, accounting for approximately 64.4% of the total, down 8.7% year-on-year. It was followed by real estate business, with a combined capital of 5.63 billion USD, or 17.9% of the total, and up 89.1% year-on-year.

In the reviewed period, Vietnam attracted investments from 110 nations and territories, with Singapore topping the list, pouring nearly 9.14 billion USD into the country, making up 29.1% of the total, up 53.7% year-on-year. The Republic of Korea ranked second, with 3.89 billion USD, accounting for 12.4% of the total, down 9% year-on-year.

The northern province of Bac Ninh led the nation in terms of FDI capital, with 5.04 billion USD, or 16% of the total, representing an over threefold increase compared to the same period last year. It was followed by the northern border province of Quang Ninh, with 2.29 billion USD, making up 7.3%, down 26.3% year-on-year.

Meanwhile, Ho Chi Minh City topped the country in terms of the number of projects./.

VNA