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This report presents the sectoral structure of investment in Vietnam, the top investing countries, and the geographical distribution of investments. Its objective is to provide potential investors, businesses, and economic experts with an overview of Vietnam’s investment environment and growth potential.
1. Overview of FDI in 2024
1.1. Total Registered and Disbursed FDI Capital
- The total registered FDI capital, including new projects, capital adjustments, capital contributions, and share purchases, reached approximately USD 38.23 billion, marking a 4.4% increase compared to 2023.
- Disbursed FDI capital hit a record high of USD 25.35 billion, up 9.4% from the previous year.
1.2. Vietnam’s Competitive Advantages for FDI
- Strategic location in Southeast Asia with connections to global trade routes.
- Political stability and strong government support policies for foreign investors.
- Participation in over 15 free trade agreements (FTAs), including CPTPP, EVFTA, and RCEP.
- Skilled and cost-competitive workforce, driving industrialization and innovation.
- A booming digital economy, supported by high internet penetration and tech-savvy consumers.
2. FDI by Business Lines
| Business Lines | Number of Projects | Total Registered Capital (Million USD) |
| Manufacturing & Processing | 17.854 | 308.763,53 |
| Real Estate Business | 1,217 | 73,175.11 |
| Electricity, Gas, and Water Production | 197 | 41,927.58 |
| Accommodation & Food Services | 1,003 | 13,832.60 |
| Wholesale & Retail Trade | 8,082 | 12,022.83 |
| Construction | 1,845 | 10,943.32 |
| Transportation & Warehousing | 1,199 | 6,606.91 |
3. FDI by Countries
| Country/Territory | Number of Projects | Total Registered Capital (Million USD) | Percentage (%) |
| South Korea | 10.102 | 92.001,53 | 26,6% |
| Singapore | 3.914 | 83.132,01 | 24,0% |
| Japan | 5.489 | 77.660,51 | 22,4% |
| China | 5.111 | 30.834,28 | 8,9% |
| British Virgin Islands | 925 | 23.873,49 | 6,9% |
| Netherlands | 456 | 14.979,03 | 4,3% |
| Thailand | 757 | 14.365,52 | 4,2% |
| Malaysia | 760 | 12.959,12 | 3,7% |
| United States | 1.425 | 11.927,7 | 3,5% |
| Samoa | 516 | 11.027,56 | 3,2% |
4. FDI by Locality
| Province/City | Number of Projects | Total Registered Capital (Million USD) | Percentage (%) |
| Ho Chi Minh City | 13.620 | 58.956,96 | 18,2% |
| Binh Duong | 4.401 | 42.483,49 | 13,1% |
| Hanoi | 7.574 | 42.338,39 | 13,1% |
| Dong Nai | 2.001 | 37.554,97 | 11,6% |
| Ba Ria – Vung Tau | 586 | 36.490,89 | 11,2% |
| Hai Phong | 1.225 | 32.584,92 | 10,1% |
| Bac Ninh | 2.440 | 30.967,38 | 9,6% |
| Quang Ninh | 221 | 16.202,28 | 5,0% |
| Thanh Hoa | 212 | 15.554,8 | 4,8% |
| Long An | 1.496 | 14.257,57 | 4,4% |
5. Analysis of the FDI Market in Vietnam
5.1. Emerging Investment Trends
- Increasing investment in the semiconductor industry due to supply chain shifts away from China.
- Rapid growth in renewable energy projects, particularly wind and solar power.
- The expansion of e-commerce and fintech is driven by rising digital adoption.
5.2. Challenges of Vietnam’s FDI Market
- Infrastructure limitations: Further improvements in roads, ports, and logistics are needed.
- Labor shortages: High demand for engineers and technology experts.
- Regulatory complexity: Lengthy investment approval processes.
6. Forecast and Outlook for 2025
- FDI inflows are expected to surpass USD 40 billion in 2025.
- High-tech manufacturing and digital services will lead to FDI growth.
- Continued policy reforms to streamline investment procedures.
- Vietnam will strengthen its role in the global supply chain for semiconductors and electric vehicles.
7. Conclusion
Vietnam remains a top FDI destination in Southeast Asia, thanks to its strategic location, dynamic economy, and strong government support policies. The booming high-tech and renewable energy sectors further reinforce Vietnam’s long-term appeal to investors.
ASL Law is a leading full-service and independent Vietnamese law firm made up of experienced and talented lawyers. ASL Law is ranked as the top tier Law Firm in Vietnam by Legal500, Asia Law, WTR, and Asia Business Law Journal. Based in both Hanoi and Ho Chi Minh City in Vietnam, the firm’s main purpose is to provide the most practical, efficient, and lawful advice to its domestic and international clients. If we can be of assistance, please email to [email protected].
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