According to the Foreign Investment Agency under the Ministry of Planning and Investment, as of September 30, 2024, newly registered, adjusted capital, and share purchases by foreign investors totaled more than USD 24.78 billion, an increase of 11.6% compared to the same period in 2023. Notably, newly registered capital from 2,492 new projects also rose by 11.3%, with total investment reaching over USD 13.55 billion.
According to the Foreign Investment Agency, this is a positive sign indicating that foreign investors continue to view Vietnam as an attractive long-term investment destination. Investment has been concentrated in provinces and cities that have significant advantages in attracting foreign investment (such as good infrastructure, a stable labor force, efforts to streamline administrative procedures, and dynamic investment promotion efforts). These areas include Bac Ninh, Ho Chi Minh City, Quang Ninh, Ba Ria-Vung Tau, Binh Duong, Hanoi, Hai Phong, Dong Nai, Bac Giang, and Ninh Thuan.
These ten localities alone accounted for 80.1% of new projects and 72.9% of the country’s total investment in the first nine months of the year.
Currently, 98 countries and territories have invested in Vietnam in the first nine months of 2024. Among them, Singapore leads with a total investment of more than USD 7.35 billion, accounting for nearly 29.7% of total foreign investment, marking a 69% increase compared to the same period in 2023. China ranks second with over USD 3.2 billion, representing 13% of the total investment, though this is a 4.5% decrease compared to the same period. South Korea, Hong Kong, Japan, and others are following them.
Source: Vneconomy