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Friday, June 21, 2024

Vietnam attracts US$2.36 billion in new foreign investments in January

The Saigon Times

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HCMC – Foreign investors pledged more than US$2.36 billion in their projects in Vietnam in the first month of 2024, a 40.2% increase compared to the same period last year.

These figures, released by the Foreign Investment Agency under the Ministry of Planning and Investment, encompass newly registered capital, adjusted capital, and capital contributions and share purchases in projects here in the country as of January 20.

Newly registered capital exceeded US$2 billion, up by 66.9% year-on-year.

Simultaneously, 75 projects revised up their investment capital by over US$235.4 million, which fell by 15.7% and 23.1% against the year-ago period, respectively.

During this period, 174 transactions of capital contributions and share purchases were executed, with total capital of US$116.5 million, down by 33.1% year-on-year.

According to the Foreign Investment Agency, there were 39 countries and territories having investment projects in Vietnam in January, with Singapore leading the way with total pledged capital of over US$1.4 billion, representing 59.5% of the total and rising by 72.8% over the same month in 2023.

Japan secured the second position with nearly US$297 million, accounting for 12.6% of the total and growing by 7-fold over the year-ago period.

China had the biggest number of new investment projects, accounting for nearly 19% of the total. South Korea took the lead in capital adjustments at 26.7% and capital contributions and share purchases at 25.3%.

Hanoi led the country with total registered foreign capital reaching US$867 million, constituting 36.7% of the total. HCMC stood out with the highest number of new projects at 42.1% and transactions involving capital contributions and share purchases at 78.2%.

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