Which locality leads in attracting FDI capital in the first two months of the year?

In the first two months of the year, FDI capital was "poured" into 16 sectors out of 21 national economic sectors. Illustrative photo: Internet.

Specifically, as of February 20, 2024, the total newly registered capital, adjustments and capital contributions, share purchases, and capital contributions of foreign investors reached more than US $4.29 billion, an increase of 38.6% over the same period in 2023. Implemented capital of foreign investment projects is estimated to reach about US $2.8 billion, an increase of 9.8% over the same period in 2023. Accumulated to February 20, the whole country has 39,553 projects are still valid with a total registered capital of nearly US $ 473.1 billion. The accumulated realized capital of foreign investment projects is estimated at nearly US $ 300 billion, equal to 63.4% of the total valid registered investment capital.

There were 48 countries and territories investing in Vietnam in the first two months of the year, of which five countries and territories including Singapore, Hong Kong, Japan, China, and South Korea accounted for 77% of new investment projects and nearly 85.5% of the total registered investment capital of the country. Of which, Singapore leads with a total investment capital of more than US $ 2.08 billion, accounting for 48.5% of total investment capital, more than 2.1 times higher than the same period in 2023; Hong Kong (China) ranked second with nearly US $525.7 million, accounting for 12.2% of total investment capital, nearly 5.1 times higher than the same period. Next are Japan, China,...

In terms of investment localities, investors have invested capital in 38 provinces and cities across the country in the first two months of 2024. Investment capital is heavily concentrated in provinces and cities that have many advantages in attracting FDI (good infrastructure, stable human resources, efforts to reform administrative procedures and dynamism in investment promotion...) such as: Hanoi, Quang Ninh, Thai Nguyen, Ba Ria - Vung Tau , Bac Ninh, Dong Nai, Bac Giang, City. Ho Chi Minh, Hai Phong, Hung Yen.

Notably, Hanoi City continues to be the leading locality in the country in attracting FDI capital with a total registered investment capital of nearly US $914.4 million, accounting for 21.3% of total registered investment capital and 24 times higher. 4 times compared to the same period in 2023. Previously, in January, Hanoi also led with a total registered investment capital of more than US $867 million, accounting for 36.7% of total registered investment capital and 39.7 times higher than the same period in 2023.

Next is Quang Ninh with a total registered investment capital of more than US $ 471.1 million, accounting for nearly 11% of the total investment capital of the country, followed by Thai Nguyen, Ba Ria - Vung Tau, Bac Ninh... However, In terms of number of projects, Ho Chi Minh City is the leading locality in the country in terms of number of new projects (accounting for 35.6%), capital adjustments (accounting for 18.9%) and capital contributions and share purchases (accounting for 71.1%).

​ In terms of investment fields, in the first 2 months of the year, FDI capital was "poured" into 16 sectors out of 21 national economic sectors. Of which, the processing and manufacturing industry leads with a total investment capital of nearly US $2.54 billion, accounting for 59.1% of total registered investment capital and an increase of 16.8% over the same period. The real estate business industry ranked second with a total investment capital of nearly US $1.41 billion, accounting for 32.7% of total registered investment capital, more than 3.5 times higher than the same period.

Next are the wholesale and retail industries; professional, scientific and technological activities with total registered capital of US $125.2 million and nearly US $76.4 million, respectively. The rest are other industries.

The export turnover of the foreign-invested oil sector also recorded a sharp increase in the first two months of 2024. Exports, including crude oil, were estimated at more than US$ 48.87 billion, up 29.8% over the same period, accounting for 72.9% of export turnover. Exports excluding crude oil are estimated at US $48.57 billion, up 30.1% over the same period, accounting for 72.5% of the country's export turnover.

In the opposite direction, imports of the foreign investment sector were estimated at US $39.51 billion, up 29.5% over the same period and accounting for 64% of the country's import turnover. Overall, in the first two months of 2024, the foreign investment sector had a trade surplus of over US $ 8.9 billion including crude oil and a trade surplus of over US $ 8.6 billion excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of US $4.29 billion.