Vietnam has experienced a substantial surge in Foreign Direct Investment (FDI) in the first two months of 2024, with FDI inflows surging by almost 39%, reaching a total of over US$4.29 billion. This marks a significant increase compared to the same period last year.
During this period, 405 new projects secured investment certificates, amounting to a total registered capital of US$3.6 billion. This represents a substantial increase of 55.2% in volume compared to the same period last year.
Investments from a diverse range of countries and territories have contributed to Vietnam’s FDI growth, with Singapore emerging as the top investor, followed by Hong Kong (China), Japan, and China. These investments are spread across various sectors, with the processing and manufacturing industry leading the pack, followed by real estate, retail, and scientific activities.
Hanoi, Quang Ninh, Thai Nguyen, Ba Ria – Vung Tau, among others, have emerged as key destinations for FDI inflows. These regions collectively accounted for a significant portion of the total foreign capital influx, highlighting the decentralised nature of investment opportunities in Vietnam.
The foreign-invested sector has significantly contributed to Vietnam’s trade surplus, posting an impressive surplus of over $8.6 billion. This surplus has helped offset the trade deficit in the domestic sector, underscoring the resilience of Vietnam’s economy amidst global challenges.
With a conducive business environment, diverse investment opportunities, and sustained economic resilience, Vietnam is well-positioned to maintain its momentum in attracting FDI. The country’s commitment to economic reforms and its strategic geographical location make it an attractive destination for investors seeking growth opportunities in the Asia-Pacific region.
