The continuous rise in foreign investment inflows into Vietnam over the year’s first nine months pushed the total foreign investment to nearly $25 billion.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, as of September 30, 2024, newly registered capital, adjusted capital, and capital contributions through share purchases by foreign investors had exceeded $24.78 billion, up 11.6% compared to the same period in 2023.
In particular, three major projects with capital adjustments ranging from over $200 million to nearly $1 billion were recorded in September 2024 alone, bringing the total additional investment of these three projects to over $1.5 billion. Consequently, the adjusted capital for approximately 1,027 projects registered since the beginning of the year reached more than $7.64 billion, marking a 48.1% increase year-on-year.
In addition to increased adjusted capital, the number of new projects in the first nine months of 2024 also grew. Specifically, 2,492 new projects were registered, representing an 11.3% increase over the same period, with a total capital of more than $13.55 billion.
In contrast to the rising trend in new and adjusted investments, foreign investors’ capital contributions and share purchases experienced a significant decline. There were 2,471 capital contribution transactions totaling nearly $3.59 billion, a 26.2% decrease compared to the same period in 2023.
Thanks to the continuous growth since the start of the year, the average capital size of new projects increased from $4.68 million per project in September 2023 to $5.44 million per project during the first nine months of 2024. Similarly, the average capital size for adjusted projects grew from $5.39 million per adjustment during the first nine months of 2023 to $7.44 million per adjustment in the same period of 2024.
According to the Foreign Investment Agency, this is a positive signal that foreign investors continue to see Vietnam as an attractive long-term investment destination.
In September 2024 alone, the total amount of new, additional, and share purchase capital reached the highest level since the beginning of the year, totaling nearly $4.26 billion, accounting for 17.2% of the country’s total investment for the first nine months. The additional investment capital also hit a yearly high, with major projects undergoing significant capital expansions.
Additionally, foreign investment was concentrated in provinces and cities with significant advantages in attracting foreign capital, such as strong infrastructure, a stable labor force, and proactive efforts to reform administrative procedures and promote investment. Key areas included: Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria – Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang, and Ninh Thuan. These 10 localities alone accounted for 80.1% of new projects and 72.9% of the country’s total investment during the 9 months.
Notably, large projects in sectors such as semiconductors, energy (battery production, solar cells, silicon bars), components manufacturing, and high-value-added electronic products saw new investments and capital expansions during the first nine months.
