Vietnam is boosting growth momentum by expanding both foreign direct investment and public spending. In the first four months of this year, total registered FDI reached $18.24 billion, up 32.0% from a year earlier, while disbursed FDI rose 9.8% to $7.4 billion, the highest for the period in the past five years. Singapore ranked as the top investor with $6.05 billion, and Thai Nguyen and Nghe An led provinces in attracting capital.
Vietnam’s Finance Ministry said total registered FDI as of April 27 — including newly registered capital, adjusted capital and foreign investors’ capital contributions and share purchases — totaled $18.24 billion. New registrations alone amounted to $12.15 billion across 1,249 projects. The number of projects rose 3.7% from a year earlier, while registered capital more than doubled.
New capital flowed mainly into manufacturing. Processing and manufacturing drew $8.12 billion, or 66.8% of newly registered capital. Electricity, gas, water supply and air conditioning attracted $2.31 billion, or 19.0%, with other sectors accounting for $1.72 billion, or 14.2%.
By source country, Singapore invested $6.05 billion, representing 49.8% of newly registered capital. South Korea followed with $4.08 billion, or 33.6%. China invested $524.1 million, Japan $462.0 million, Hong Kong $329.2 million and the Netherlands $318.5 million.
By locality, Thai Nguyen remained No. 1 with more than $5.75 billion. Nghe An ranked second with more than $2.2 billion. Ho Chi Minh City attracted $983.0 million across 656 projects, followed by Dong Nai with $596.0 million, Bac Ninh with more than $473.0 million and Ha Tinh with more than $412.0 million.
Disbursed FDI totaled $7.4 billion in the first four months. Manufacturing accounted for $6.12 billion, or 82.7%, followed by real estate at $540.5 million and electricity, gas, hot water, steam and air conditioning at $270.6 million.
Public investment also increased. Investment disbursed from the state budget reached 187.1 trillion dong, equal to 19.7% of the annual plan and up 10.4% from a year earlier. Spending managed by local governments rose 11.4% to 161.7 trillion dong, while centrally managed spending increased 4.6% to 25.4 trillion dong.
Nghe An reported strong results in its own investment drive. In the first four months, it approved 18 new projects and adjusted 58, with new and additional capital exceeding 65.219 trillion dong, up 8.74 times from a year earlier. FDI alone topped $788.0 million. The province also recorded 1,883 newly established businesses, up 58.6%, and 589 firms resuming operations.
Vietnamese companies also stepped up overseas investment. Total outbound investment reached $713.9 million, 2.3 times the level a year earlier. Laos accounted for $198.0 million, or 27.7%, followed by Kyrgyzstan with $149.9 million and the United Kingdom with $82.8 million.
With inbound FDI, public investment and outbound investment all rising in the first four months, Vietnam’s investment flows are broadening at home and abroad.
* This article has been translated by AI.
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