In the first 8 months of 2024, Vietnam registered over $20 billion in foreign investment, a 7% increase compared to the same period in 2023. Disbursed capital in the eight months also reached approximately 14.15 billion USD, up 8% year-on-year.
(Source: Internet)
According to data from the Foreign Investment Agency (Ministry of Planning and Investment), in the first 8 months of 2024, there were 2,247 newly registered projects, with a total registered capital of nearly 12 billion USD, representing increases of 8.5% and 27%, respectively, compared to the same period last year. Meanwhile, 926 projects adjusted their investment capital (up 4.9% compared to the same period), adding more than $5.7 billion in additional capital (a 27% increase year-on-year).
Jones Lang LaSalle (JLL), a real estate consulting firm, reported that from 2010 to 2023, foreign direct investment (FDI) in Vietnam achieved a compound annual growth rate (CAGR) of 10%, higher than the 7.6% average of ASEAN countries. This growth is attributed to Vietnam’s increasing appeal, effectively capitalizing on the "China +1" strategy that many businesses are adopting to diversify production and supply chain risks.
With its continually increasing attractiveness, Vietnam has consistently attracted foreign capital and welcomed new partners. In addition to investors who have been and are currently investing in Vietnam, new projects from countries like Burkina Faso and Tunisia have recently entered the market, bringing the total number of countries and territories with active investment projects in Vietnam to 149.
In its report on foreign investment attraction for the past 8 months, the Foreign Investment Agency (FIA) once again emphasized the significant number of large-scale projects in sectors such as semiconductors, energy (battery manufacturing, solar cells, silicon rods), component manufacturing, electronic products, and high-value-added products, which have either been newly invested in or expanded. Among these, Amkor Corporation increased its capital by $1.07 billion.
Vietnam's appeal is reflected in the foreign investment figures recorded in recent years. It’s not just the quantity but also the quality of foreign investment that has improved significantly, as repeatedly emphasized by Minister of Planning and Investment Nguyen Chi Dung, thanks to a selective and strategic approach to attracting investment.