FDI attraction reaches US$ 4.63 billion in Q1

Vietnam's investment climate has continued being positively evaluated by the international community, with foreign direct investment (FDI) implemented in the first 3 months of 2024 estimated at US$ 4.63 billion, up 7.1% over the same period last year. And this was the highest increase in the past 5 years.

Phi Thi Huong Nga, Deputy Director of the Industry and Construction Statistics Department under the General Statistics Office said: "Total registered FDI investment capital in the first quarter of 2024 was nearly US$ 6.17 billion, an increase of 13 .4% over the same period in 2023. The results of attracting registered FDI capital in the first quarter of 2024 have affirmed investors' confidence in Vietnam's investment climate and they have continued making decisions on new investment and investment to expand existing projects in Vietnam". According to a representative of the General Statistics Office, registered investment capital is heavily concentrated on provinces and cities that have many advantages in attracting FDI with good infrastructure, stable human resources and efforts to reform administrative procedures and flexibility in investment promotion...

According to data from the General Statistics Office, of the total registered FDI capital in the first quarter of 2024, newly registered capital accounted for 77.3% of total, corresponding to an increase of 57.9% in terms of capital and 23.4% in number of projects, contributing to the impressive overall increase in total registered FDI capital in the first quarter of 2024. In the first 2 months of 2024, Binh Duong attracted US$118 million, with 23 new investment projects, 9 projects adjusting to increase capital and 16 capital contribution projects...

Reported by Binh Duong Newspaper-Translated by Kim Tin