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Foreign Direct Investment (FDI) continues to be a crucial driver of Vietnam’s economic growth. As of 2024, several countries have significantly increased their investments in Vietnam, contributing to the country’s vibrant economic landscape.
In this article, ASL LAW will highlight the top 5 countries with the most substantial FDI investments in Vietnam this year.
1. Singapore
Singapore leads the list with an impressive 220 new projects in Vietnam, amounting to a total newly registered capital of approximately 4,013.97 million USD. Additionally, Singapore has 64 projects with adjusted capital, adding an adjusted registered capital of 1,216.68 million USD. Singaporean investors also participated in 142 capital contribution and share purchase transactions, totaling 349.07 million USD. The total registered capital from Singapore reached a symbolic 5,579.72 million USD, marking a significant 186.0% increase over the same period last year. This substantial growth underscores Singapore’s strong confidence in the potential and stability of the Vietnamese market.
2. Japan
Japan ranks second with 115 new projects, contributing a newly registered capital of 979.00 million USD. There were also 65 adjusted projects, adding an adjusted registered capital of 246.10 million USD. Japanese investors participated in 90 capital transactions and share purchases worth 506.10 million USD. This brought Japan’s total registered capital to 1,731.20 million USD, reaching 78.4% of the total investment capital over the same period last year. Japan’s continued investment in Vietnam highlights the close economic relationship between the two countries.
3. Hong Kong
Hong Kong ranks third with 163 new projects, contributing a newly registered capital of 1,178.32 million USD. Additionally, there were 67 project adjustments, bringing in an adjusted registered capital of 505.15 million USD. Hong Kong investors participated in 41 capital transactions and share purchases, totaling 46.82 million USD. The total registered capital from Hong Kong was 1,730.29 million USD, up 183.8% over the same period in 2023. This growth shows Hong Kong’s strategic relationship with the expanding Vietnamese market.
4. South Korea
South Korea is also a notable investor with 189 new projects, contributing a newly registered capital of 393.43 million USD. The country had the highest number of adjusted projects at 147, with an adjusted registered capital of 718.95 million USD. Korean investors also participated in 375 capital transactions and share purchases, worth 299.25 million USD. The total registered capital from Korea was 1,411.63 million USD, up 115.8% over the same period in 2023. This continued investment emphasizes Korea’s focus on Vietnam’s energy resources and other sectors.
5. China
China tops the list in terms of the number of new projects with 447 new projects, contributing a newly registered capital of 1,011.90 million USD. China also had 86 adjusted projects, with an adjusted registered capital of 198.69 million USD. Chinese investors completed 205 capital transactions and share purchases worth 89.37 million USD. The total registered capital from China was 1,299.96 million USD, accounting for 66.5% of the total investment capital in the same period last year. Despite a slightly slower growth rate, China remains an important factor in Vietnam’s FDI landscape, demonstrating a strong trade relationship.
The substantial investments from these top five countries—Singapore, Japan, Hong Kong, South Korea, and China—demonstrate the increasing confidence and interest of international investors in Vietnam’s market. Each country’s investment strategies and significant capital inflows are poised to further drive Vietnam’s economic growth, fostering development and strengthening economic ties. As Vietnam continues to create favorable conditions for foreign investments, the trend of increasing FDI is likely to continue, contributing to the country’s dynamic economic landscape.
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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