FDI inflows near US$25 bln in nine months

VGP - Viet Nam attracted over US$24.78 billion in foreign direct investment (FDI) in the first nine months, a year-on-year increase of 11.6 percent, official data showed.

October 03, 2024 8:34 PM GMT+7

	FDI inflows	Disbursed volume
2020	19.5	11.4
2021	19.12	11.58
2002	16.78	12.8
2003	20.52	14.15
2004	24.78	17.3

The above figure includes US$13.55 billion poured in 2,492 newly-licensed projects, respectively up 11.3 percent and down 4.3 percent, against the same period last year, the Foreign Investment Agency (FIA) reported Thursday.

Foreign investors committed to increasing investments by US$7.64 billion in 1,027 existing projects, up 48.1 percent on year in term of capital volume.

The nine-month period also saw foreign investors spent more than US$3.59 billion on share purchases and capital contributions.

Meanwhile, the disbursed volume of FDI rose 8.9 percent on year to reach US$17.3 billion in the reviewed period.

Foreign investors have invested in 18 out of 21 economic sectors, with the manufacturing and processing industry leading the way with over US$15.64 billion, accounting for 63.1 percent of total registered capital.

Real estate came second with over US$4.38 billion, representing nearly 17.7 percent of total investment. It was followed by electricity production and distribution with US$1.12 billion and retail sales with US$920 million.

Regarding investment sources, Singapore led the way with nearly US$7.35 billion, accounting for 29.7 percent of the total investment inflows, a 69 percent increase from 2023, followed by China with over US$3.2 billion.

The northern province of Bac Ninh topped the country in terms of FDI attraction with US$4.5 billion, making up 18.2 percent. It was followed by Ho Chi Minh City with US$1.91 billion and the northern province of Quang Ninh with US$1.81 billion.

The FIA spoke highly of the quality of foreign investment flows into Viet Nam during the January-September period as there were large-scale projects in semiconductor and energy sectors (production of batteries, photovoltaic cells, silicon bars), production of components, electronic products, and many other products.

Remarkably, Amkor Technology was licensed to increase investments by US$1.07 billion for its semiconductor project in Bac Ninh province.

Amkor Technology, headquartered in Arizona, the U.S., inaugurated its US$1.6 billion semiconductor factory in Bac Ninh province in October last year./.