Vietnam’s disbursed FDI capital hits record high of $25.35 bln in 2024
Registered foreign direct investment (FDI) in Vietnam hit $38.23 billion in 2024, down 3% year-on-year, while disbursed FDI capital reached $25.35 billion, an all-time high.
The registered FDI capital is the third-highest level Vietnam has recorded. It was lower than the $39.39 billion in 2023 and the phenomenal $64.01 billion in 2008, the General Statistics Office reported on Monday.
Registered capital comprises capital for newly-registered projects, additional capital for existing projects, and capital for stake acquisitions.
Of the total registered capital, about $19.73 billion was pledged for 3,375 new projects, down 7.6% but up 1.8% year-on-year, respectively.
The manufacturing-processing sector was the biggest recipient in terms of newly-registered capital with $13.44 billion, or 68.1% of the total; followed by real estate with $3.72 billion, or 18.8%.
Over $13.96 billion, up 50.04%, was additional capital for 1,539 existing projects.
Capital from contributions for stake acquisitions reached $4.54 billion with 3,502 deals, down 48.1% year-on-year in value. Notably, real estate activities accounted for $1.22 billion, or 26.8% of the total and the biggest portion.
Samsung factory in Thai Nguyen province, northern Vietnam. Photo courtesy of the government news portal.
In 2024, Singapore and South Korea were the biggest sources of registered FDI in Vietnam with $10.21 billion and $7.06 billion, respectively. Other major investors were mainland China, Hong Kong, and Japan.
The biggest recipients in Vietnam were Bac Ninh province with $5.12 billion, Hai Phong city with $4.94 billion, and Ho Chi Minh City with $3.04 billion.
The disbursed FDI reached $25.35 billion, up 9.4% year-on-year. This is the highest figure ever recorded in Vietnam. It included $20.62 billion in the manufacturing-processing sector, or 81.4% of the total, followed by real estate with $1.84 billion, or 7.2%.
As of end-2024, Vietnam’s registered FDI reached $502.8 billion with 42,002 valid projects. The biggest portion belonged to the manufacturing-processing sector with $308.76 billion.
Vietnam's major FDI projects in 2024 included Samsung Display Vietnam's (SDV) $1.8 billion project in the northern province of Bac Ninh, Amkor Technology investing an additional $1.07 billion also in Bac Ninh, and LG Display pouring $1 billion more in Hai Phong city.
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