Vietnam’s FDI forecast to remain strong through 2024

HANOI: The year 2024 continues to look good for Vietnam’s foreign investment attraction, as right from the beginning of this year, the country has attracted a host of projects, reported the state news agency (VNA).

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam had attracted more than US$2.36 billion in foreign direct investment (FDI) as of 20th January, an increase of 40.2% over the same period in 2023.

As many as 190 new projects were granted investment registration certificates, a year-on-year rise of 24.2%, with a total registered capital of more than $2 billion, 66.9% higher than last year.

In addition, 75 projects registered to adjust investment capital with more than $235.4 million added, down 15.7% and 23.1%, respectively.

The month also saw foreign investors contribute more than $116.5 million to make 174 share purchases, down 14.7% and 33.1%, respectively, over the same period last year.

Specifically, on 13th January, authorities of the central
province of Nghe An granted investment licences to five foreign-invested projects with a total capital of $390 million.

Earlier, the northern province of Hai Duong handed over investment certificates to 27 projects, with a total capital of more than $1.5 billion.

Among nine projects granted investment certificates in early January in the southern province of Dong Nai, there were four foreign-invested, totalling $156.4 million. Meanwhile, $217 million were added to four existing FDI projects.

Source: Emirates News Agency


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