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Thursday, June 13, 2024

New foreign investments in Jan-Apr put at US$9.3 billion

The Saigon Times

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HCMC – Fresh foreign investment approvals in Vietnam in the year to April had expanded by 4.5% year-on-year to nearly US$9.27 billion, according to the General Statistics Office.

The figure encompasses new capital registrations, upward capital adjustments, capital contributions to projects and acquisitions of stakes at businesses here in the country.

A total of 966 new projects got investment certificates, with total pledged capital of US$7.11 billion, up 28.8% in project numbers and 73.2% in investment capital.

The processing and manufacturing industry attracted the lion’s share of newly registered capital during this period, amounting to nearly US$5 billion, or 70.2% of the total. Meanwhile, the real estate sector received US$1.6 billion, accounting for 22.5%.

Singapore was the top investor among the 50 countries and territories with newly licensed investments in Vietnam totaling US$2.59 billion during the first four months of 2024, making up 36.4% of the total. Hong Kong followed with US$898.6 million, constituting 12.6%.

There were 345 operational projects increasing their investment capital by US$1.23 billion, 25.6% below the same period last year.

Moreover, 902 transactions involving capital contributions and stake acquisitions were recorded, with total capital of US$929.6 million, up by a sharp 70.1% year-on-year.

Meanwhile, Vietnam approved US$98.3 million for 36 outbound investment projects in the four-month period, down by 29.8% against the same period last year. Three projects also adjusted their capital by US$580,000, down by a significant 95.7% year-on-year.

Overall, Vietnam’s outward investments, including newly licensed and adjusted, reached US$98.9 million, down by 35.6% over the same period last year.

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