According to the Foreign Investment Agency under the Ministry of Planning and Investment, over $2.36 billion in FDI was registered as of January 20, up 40.2 per cent on-year.

Among this, newly registered capital surged by 24.2 per cent on-year to reach $2 billion. The number of newly registered projects was 190, up 56.6 per cent on-year.

Meanwhile, adjusted registered capital contracted 23.1 per cent on-year to $235.4 million. There were 75 adjusted registered projects, down 15.7 per cent on-year. The number of capital contribution and share purchase deals was 174, down 14,7 per from a year ealier. The total value of these deals reached over 116.5 million, down 33.1 per cent on-year.

Soaring FDI registration is attributed to the 24.2 per cent increase in new projects. There are many large-scale projects worth more than $600 million.

Investments were made across 15 out of 21 industries in the national economic classification system. The real estate business took the lead with an investment of $1.27 billion, accounting for 53.9 per cent of the total registered capital and doubling the figure of last year's period.

Processing and manufacturing ranked second, reaching over $926 million, representing 39.2 per cent of total registered capital. It was followed by professional, scientific, and technological activities as well as wholesale and retail with registered capital of $65.2 million and nearly $54.5 million, respectively.

About 40 countries and territories invested in Vietnam in January 2024. Among them, Singapore took the lead with over $1.4 billion, accounting for 59.5 per cent in Vietnam and up 72.8 per cent from a year earlier. Japan came in second with nearly $297 million, accounting for 12.6 per cent and increasing more than seven-times from a year ago.

Foreign investors made investments in 35 localities in January. It was led by Hanoi with a total registered capital of $867 million, representing 36.7 per cent of the total sum and 39.7 times higher than the same period in 2023. Ba Ria-Vung Tau province was close behind with $282 million, making up 11.9 per cent of the total registered capital.