According to data from the Foreign Investment Agency, foreign investors registered over 20 billion USD in Vietnam in the first eight months of 2024, marking a 7% increase compared to the same period last year. Among the sectors, manufacturing and processing received the highest capital inflows. Singapore currently leads the list of top investing countries in Vietnam, followed by Japan and Hong Kong.

By sector

The manufacturing and processing industry accounted for the largest proportion with approximately 14.2billion USD (7% increase from the same period last year), accounting for 69% of total FDI. The real estate sector followed, attracting over 3.4 billion USD (78% increase from the same period last year), accounting for 16% of the total FDI. Other notable sectors included wholesale and retail with 845 million USD and professional, science, and technology activities with 762 million USD.

Top 5 sectors with the highest FDI Capital in the first 8 months of 2024

Source: Foreign Investment Agency

By countries

In the first 8 months of 2024, Vietnam attracted investment from 92 countries and territories. Singapore emerged as the largest foreign investor, contributing approximately 6.8 billion USD (75% increase from the same period last year), which accounted for 33% of Vietnam’s total FDI. Japan followed with over 2.5 billion USD (10% decrease from the same period last year), representing 12% of the total FDI. Other key investors included Hong Kong (China), China, and South Korea.

Top 5 countries with the highest FDI Capital in the first 8 months of 2024

Source: Foreign Investment Agency

By location

Foreign investors poured capital into 48 provinces and cities across Vietnam. Bac Ninh took the lead with total registered capital of approximately 3.5 billion USD, accounting for 17% of the total FDI, a figure 2.9 times higher than the previous year. Quang Ninh followed with nearly 1.8 billion USD, or 9% of the total FDI, marking a 2.3-fold increase compared to the same period last year. Ho Chi Minh City ranked third, attracting over 1.8 billion USD, representing 9% of the total. Other key locations included Ba Ria – Vung Tau, Hanoi, and Hai Phong.

Top 5 provinces with the highest FDI Capital in the first 8 months of 2024

Source: Foreign Investment Agency

By projects

Over the past eight months, several significant FDI projects have emerged. Below is information about some featured projects.

• Hyosung TNC, a subsidiary of the Korean conglomerate Hyosung, has invested nearly one billion USD in a 200,000-ton capacity bio-products factory in Ba Ria – Vung Tau. This factory produces Bio-BDO (Butanediol), a chemical used as a raw material for manufacturing spandex fibers.[1]
• Pandora Group – Danish jewelry brand, will build a factory worth more than 150 million USD in VSIP 3 Industrial Park – Binh Duong Province. Pandora is the world’s largest jewelry brand, specializing in designing, manufacturing and marketing jewelry products entirely handmade from high-quality materials.[2]
• Sunwoda Group (China) plans to invest about 300 million USD in the project in Yen Lu Industrial Park in Bac Giang province, with the need to employ about 5,000 local workers. Sunwoda Group has nearly 30 years of operation in the field of computer batteries, phone batteries, and electric vehicle batteries.[3]

[1] https://vnexpress.net/hyosung-tnc-dau-tu-nha-may-san-pham-sinh-hoc-ty-usd-4728570.html

[2] https://baodautu.vn/tap-doan-pandora-dan-mach-dau-tu-nha-may-100-trieu-usd-tai-viet-nam-d165732.html

[3] https://vietnamfinance.vn/ong-lon-nang-luong-trung-quoc-dau-tu-them-300-trieu-usd-vao-bac-giang-d113479.html#google_vignette

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