Vietnam’s disbursed foreign direct investment (FDI) in 2024 reached $25.35 billion, the highest ever, marking a 9.4% increase compared to 2023.

Overview of FDI attraction in Vietnam

Manufacturing leads FDI inflows in 2024

According to the General Statistics Office, the total newly registered, adjusted capital, and share purchase FDI in Vietnam reached $38.23 billion in 2024. The manufacturing and processing sector attracted the largest portion with $25.58 billion, accounting for 66.9% of total registered capital. Real estate ranked second with $6.31 billion, making up 16.5%.

(Source: General Statistics Office)

In 2024, Bac Ninh continued to lead the country with $5.12 billion in FDI, a 2.8-fold increase compared to 2023. Projects from top semiconductor corporations such as Amkor Technology, Foxconn, Goertek, and Victory Giant Technology further strengthened the province’s position as a leading destination for FDI.

Hai Phong and Ho Chi Minh City ranked second and third, attracting $4.94 billion and $3.04 billion, respectively. These localities not only offer modern, well-developed infrastructure but have also implemented attractive incentive policies, creating a favorable investment environment for foreign investors.

(Source: General Statistics Office)

According to the General Statistics Office, Singapore ranked as the largest investor, with $10.21 billion in registered FDI, accounting for 26.7% of the total and marking a 31.4% increase from the previous year. South Korea came second with $7.06 billion, followed by China, Hong Kong, and Japan.

Record-high disbursement, FDI boosts economic growth and exports

According to the General Statistics Office, Vietnam’s total FDI disbursement in 2024 reached $25.35 billion, a 9.4% increase compared to the previous year and the highest level ever recorded. This reflects strong confidence from foreign investors in Vietnam’s stable business environment.

(Source: General Statistics Office)

FDI remains a key driver of Vietnam’s economic growth and export performance. In 2024, export turnover from FDI enterprises (including crude oil) reached nearly $290.8 billion, an increase of 12.2% year-on-year, accounting for 71.8% of the country’s total exports. FDI enterprises’ imports totaled $241.6 billion, up 15.5%, making up 63.4% of total imports. The FDI sector recorded a trade surplus of $49.2 billion (including crude oil), which helped Vietnam maintain a total trade surplus of $23.8 billion, offsetting the trade deficit from domestic enterprises.

Source: General Statistics Office, VTV