Vietnam FDI in 2024: Overview and Insights

Vietnam FDI in 2024: Overview and Insights
Jan 14, 2025

Vietnam’s FDI hit $15.2 billion in H1 2024, up 13.1%, with manufacturing, real estate, and trade leading. Major investors include Singapore, Japan, and Hong Kong, focusing on Bac Ninh and Ho Chi Minh City. The 2024 FDI target is $40 billion.

Current FDI Landscape

In the first half of 2024, Vietnam continues to attract foreign direct investment (FDI), reaching $15.2 billion, which is a 13.1% increase from the same period in 2023. The implemented capital stands at $10.8 billion, reflecting an 8.2% increase year-on-year. A total of 1,538 projects received investment registration certificates, with $9.5 billion in new registered capital, marking an increase of 18.9% in project numbers and 46.9% in capital compared to last year.

Top FDI Industries

The leading industries attracting FDI in Vietnam are:

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  1. Processing and Manufacturing: $10.7 billion (70.4% of total FDI), a 26.3% increase year-on-year.
  2. Real Estate: $2.5 billion (61.5% increase).
  3. Wholesale and Retail Trade.
  4. Professional, Scientific, and Technological Activities.
  5. Transportation and Warehousing.

These top three industries collectively account for 90.7% of the total FDI value.

Leading FDI Countries

The top investors in Vietnam for the first half of 2024 include:

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  1. Singapore: $5.6 billion (an 86.0% increase).
  2. Japan: $1.7 billion (down 21.6% year-on-year).
  3. Hong Kong: $1.7 billion (up 83.8%).
  4. South Korea.
  5. China.
  6. Taiwan.

These six countries account for 84.3% of total FDI.

Key FDI Receiving Provinces

The provinces attracting the most FDI are:

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  1. Bac Ninh: $2.6 billion (17.0% of total FDI).
  2. Ba Ria – Vung Tau: $1.5 billion.
  3. Quang Ninh.
  4. Hanoi.
  5. Hai Phong.
  6. Ho Chi Minh City.

These provinces together received 58.7% of Vietnam's total FDI.

Conclusion

Vietnam's FDI landscape is poised for continued growth in 2024, with expectations to reach $40 billion for the entire year. The country is seen as a promising destination for foreign investors across various industries, driven by its economic recovery and supportive policies.