Vietnam's FDI February 2024

According to the latest data released by the Ministry of Industry and Trade, Vietnam has attracted more than USD 4.3 billion in foreign direct investment (FDI) in the first two months of 2024, representing an increase of 38.6 per cent year-on-year.

There was an increase in newly registered capital, with over 400 projects being granted investment certificates, reflecting a 55.2 per cent increase over the year and accounting for USD 3.6 billion of the total, more than double the amount from 2023.

Foreign investors injected capital into 16 out of 21 economic sectors, with the manufacturing industry taking the lead with a total investment of USD 2.5 billion, followed by real estate (USD 1.41 billion), wholesale and retail sales (USD 125.2 million), and scientific and technological activities (USD 76.4 million).

Thirty-eight provinces and cities across the country received FDI. Hanoi was chosen as the top destination with over USD 914 million, making up 21.3 per cent of the total and rising 24.4 per cent over the same period in 2023. Quang Ninh ranked second with over USD 471 million. Next were Thai Nguyen, Ba Ria-Vung Tau and Bac Ninh.

Among the 48 countries and territories that invested in Vietnam in the first two months of 2024, Singapore was the largest investor with more than USD 2 billion accounting for 48.5 per cent of the total, followed by China and Japan.

As of the end of February, Vietnam had over 39,500 valid FDI projects, with a total investment capital of more than USD 473 billion.