According to the announcement of the Foreign Investment Agency (Ministry of Planning and Investment), in the first 11 months of 2024, the total newly registered capital, adjusted capital and capital contribution to buy shares of foreign investors reached nearly 31,4 billion USD, an increase of 1% over the same period in 2023. Regarding implemented capital, as of November 30, foreign investment projects are estimated to have disbursed about 11 billion USD, an increase of 21,68% over the same period in 7,1.
Notably, the top 10 localities in attracting FDI accounted for 79,6% of new projects and 69,4% of total investment capital nationwide. Below is the list of these localities:
1. Bac Ninh:
Leading with 5,04 billion USD of FDI capital, accounting for 16% of the total investment capital of the country. The province has newly granted 359 projects with a total capital of 1,8037 billion USD, an increase of 70,7% over the same period in 2023.
This is also a locality with a spectacular breakthrough in attracting FDI when the total newly registered capital, adjusted capital and GVMCP in the first 11 months of the year was more than three times higher than the same period last year.
Specifically, from the beginning of the year to the end of November, the whole province has granted 11 new projects, an increase of 359% over the same period in 2,9 with a total capital of 2023 million USD, an increase of 1.803,7% over the same period. Capital adjustment of 70,7 projects, the adjusted capital increased by 174 million USD. Capital contribution, share purchase, capital contribution 2.972 times worth 33 million USD. Cumulatively, Bac Ninh has granted investment registration to 52,8 valid projects with a total capital of more than 2.418 billion USD.
2. Quang Ninh:
Ranked second with 2,29 billion USD of FDI capital, accounting for 7,3% of total registered investment capital. However, this figure decreased by 26,3% compared to the same period last year.
3. Ho Chi Minh City:
Attracted more than 2,28 billion USD of FDI capital, accounting for nearly 7,3% of the total investment capital of the country. The city leads in the number of new projects with 1.285 projects, accounting for 42,3% of the total number of projects in the country.
4. Hai Phong:
Reached 2,15 billion USD in FDI capital. Notably, LG Group increased its investment capital from 4,65 billion USD to 5,65 billion USD in Trang Due Industrial Park.
On November 14, Hai Phong held a conference to grant investment registration certificates to projects in economic zones and industrial parks in the city.
Among the projects receiving investment certificates is the LG Group's expansion project in Trang Due Industrial Park, increasing its capital from 4,65 billion USD to 5,65 billion USD. This is also one of LG's largest investment projects in Vietnam, with 8 consecutive years of expansion, creating jobs for more than 22.000 people, and contributing an average of 1.000 billion VND to the budget each year.
5. Hanoi:
Attracting nearly 2,07 billion USD of FDI capital. According to the City People's Committee, in November 11, Hanoi attracted 2024 million USD of FDI capital. Of which: 152 newly licensed projects with a total registered capital of 25 million USD; 16,8 projects were adjusted to increase investment capital with an additional registered capital of 20 million USD; foreign investors contributed capital and purchased shares 99 times, reaching 21 million USD.
6. Binh Duong:
An attractive destination with many FDI projects, contributing significantly to the economic development of the region. The "industrial capital" Binh Duong, in the first 11 months of this year, has attracted more than 1,8 billion USD investment capital, exceeding the target set for the whole year. The province recorded 184 new investment projects, 149 projects increased capital and 121 projects registered to contribute capital or buy shares. Accumulated to November 11, Binh Duong has a total FDI capital of nearly 42,4 billion USD from 4.378 valid projects, accounting for 8,5% of foreign capital in Vietnam.
7. Ba Ria – Vung Tau:
Continue to attract large FDI projects, especially in the industrial and seaport sectors.
Of these, 35 newly registered projects with capital up to 1,68 billion USD show the very large scale of the projects. However, Ba Ria - Vung Tau also has two projects registered to adjust investment capital with capital reaching 9,56 million USD, 17 capital contributions to buy shares with a value of 35,8 million USD.
8. Dong Nai:
Notable are FDI projects in the manufacturing and processing industry, which have made a positive contribution to the local economy with 1,66 billion USD. As of November 30, FDI attraction in the province reached about 11 billion USD, an increase of 1,665% over the same period in 18,8. Of which, 2023 new projects were granted with a total registered capital of 93 million USD, 901 projects increased capital with a total additional capital of 87 million USD and 377 capital contributions to buy shares with a value of 48 million USD.
9. Nghe An:
Ranked ninth with more than 1,56 billion USD in FDI capital, for the third consecutive year in the top 10 localities attracting the largest FDI investment in the country.
10 Bac Giang:
Reaching nearly 1,2 billion USD of FDI capital, continuing to be an attractive destination for foreign investors.
As of November 20, Bac Giang province has granted new investment registrations to 11 FDI projects with registered capital of 65 million USD, down 459,18% compared to the same period last year; adjusted capital increase for 69,5 FDI projects with additional capital of 63 million USD, double the same period. FDI projects focus mainly on the fields of manufacturing, processing electronic components, garments, logistics, etc. Up to now, there are over 762,02 countries and territories with investment projects in the province.
