FDI inflow surges by nearly 39% in Jan-Feb period
VGP - Viet Nam has lured over US$4.29 billion in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6 percent, according to the Ministry of Industry and Trade.
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Specifically, the above figure includes US$3.6 billion poured in 405 newly-registered projects, up 55.2 percent in value against the same period last year.
Foreign investors pledged to increase investments by US$442.1 million in 159 other projects, reported the ministry.
Capital contributions and share purchases saw a year-on-year drop of 68 percent, equivalent to US$ 255.4 million.
Meanwhile, US$2.8 billion in FDI was disbursed in the two months, up 9.8 percent from the same time of 2023.
The capital city of Ha Noi led all localities in FDI attraction with nearly US$914.4 million, up 24.4 times against the same period last year.
Singapore topped the list as the biggest investor in Viet Nam by pouring over US$2.08 billion into the country, followed by Hong Kong, Japan and China.
Processing and manufacturing took the lead with total investment of nearly US$2.54 billion. It was followed by the realty sector (US$1.41 billion), whole and retail sale (US$125.2 million) and scientific and technological activities (nearly US$76.4 million).
As of February 2024, Viet Nam had 39,553 valid projects with a total registered capital of US$473.1 billion, of which disbursed volume totalled US$300 billion./.
