According to the Foreign Investment Agency (Ministry of Planning and Investment), in the first 9 months of 2024, the total registered foreign investment capital reached more than 24.78 billion USD, an increase of 11.6% compared to the same period in 2023. Specifically, in September 2024, this figure reached more than 4.26 billion USD, accounting for 17.2% of the total registered foreign investment into Vietnam in the first 9 months of 2024. This is quite an impressive number given the global investment slowdown due to geopolitical volatility and the absence of large-scale projects.
In September 2024, there were 3 large capital adjustment projects in Bac Ninh, Nghe An and Tien Giang, contributing to bringing the total investment capital in 9 months to more than 7.64 billion USD, up 48.1% over the same period.
Not only increasing in numbers, the quality of foreign investment inflows is also improving, many large projects in the fields of semiconductors, energy (battery production, photovoltaic cells, silicon rods), component manufacturing, electronic products, and value-added products have been newly invested and expanded in 9 months. These include: Foxconn Bac Ninh FCPV Factory Project of Foxconn Group, with an investment of 383.3 million USD; Goertek Nam Son - Hap Linh Factory Project for Manufacturing Electronic Products, Network Equipment and Multimedia Audio Products, with an investment of 280 million USD; Victory Giant Vietnam's high-precision printed circuit board (PCB) project, with an investment of 260 million USD...
In addition to the above projects, there are currently many "giants" in the world's leading technology field such as Meta, Samsung,... plan to expand the scale of investment in the Vietnamese market. When these plans are realized, a large capital flow will flow into Vietnam, it is expected that this year, the total foreign investment capital registered in Vietnam will reach the same level as last year, about 39-40 billion USD. Not only in terms of quantity, but also the quality of capital flows will also be improved, contributing to "enhancing" the economy.