According to the latest report from the Ministry of Planning and Investment (MPI), by August 31, 2024, Vietnam attracted a total of $20.52 billion in foreign direct investment (FDI), an increase of 7% compared to the same period last year. This figure includes newly registered projects, additional capital investments, and share purchases by foreign investors.
FDI Growth Overview
- In the first half of 2024, newly registered FDI projects amounted to $14.15 billion, representing an 8% increase.
- The total export turnover from FDI enterprises, including crude oil, reached $189.8 billion, up by 13%, accounting for 72.2% of the country’s total exports.
- FDI enterprises achieved a trade surplus of $32.8 billion, highlighting the positive impact of FDI on Vietnam’s trade balance.
Sector Distribution
- Manufacturing remains the top sector for FDI, attracting $14.17 billion, accounting for more than 69% of total FDI, with a year-on-year increase of 7.4%.
- Real estate followed closely, with investments of $3.36 billion, accounting for 16.4% of total FDI, marking a significant growth of 77.6%.
- Other key sectors attracting FDI include wholesale and retail ($844.9 million) and professional science and technology services ($761.9 million).
Top Source Countries
- Singapore continues to be the largest source of FDI for Vietnam, with $6.79 billion invested, accounting for 33.1% of the total, a 75.5% increase year-on-year.
- Hong Kong ranks second, with $2.4 billion invested, accounting for 11.7% of the total, a year-on-year increase of 43.7%.
- China, South Korea, and Japan also remain important sources of FDI.
Regional Distribution
- Bac Ninh Province attracted $3.47 billion in FDI, accounting for 16.9% of the total FDI in Vietnam.
- Ho Chi Minh City ranks second, with $1.76 billion, accounting for 8.6% of the total FDI, and also leads in the number of newly registered projects, with 40.4% of the total.
For more detailed figures and official sources, you can refer to:
- The Ministry of Planning and Investment (MPI) official website
- Regular investment data reports from the General Statistics Office of Vietnam (GSO)
- News reports from Vietnam News Agency (VNA) regarding FDI inflows
- Economic media outlets such as Vietnam Economic Times and Vietnam Investment Review for detailed analyses and insights on FDI trends.
