By the end of 2024, the total new and additional investments, and capital contributions and share purchases of foreign investors reached 38.23 billion USD, a slight 3% year-on-year decrease. The capital generated by FDI projects was estimated at 25.35 billion USD, up 9.4% over the same period in 2023.

Accumulated to December 31, 2024, the whole country has 42,002 valid projects with a total registered capital of 502.8 billion USD. The accumulated realised capital of foreign investment projects reached about 322.5 billion USD, equaling 64.1% of the total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in 2024

1.1. FDI performance:

Realised capital:

In 2024, disbursement of FDI projects were estimated to reach 25.35 billion USD, up 9.4% year-on-year.

Import and export performance:

Export: Export (including crude oil) was estimated at about 290.9 billion USD, up 12.3% year-on-year, accounting for 71.7% of export turnover. Export (excluding crude oil) was over 289.2 billion USD, an increase of 12.5% from a year earlier, accounting for 71.3% of the country’s export turnover.

Import: Imports of the foreign-invested sector attained 241.6 billion USD, an increase of 15.1% over the previous period and accounting for 63.2% of the country’s import turnover.

In 2024, the FDI sector saw a trade surplus of about 50.3 billion USD including crude oil and over 48.6 billion USD excluding crude oil, while the domestic sector had a trade deficit of over 25.5 billion USD.

1.2. Investment registration

The total new and additional investments, and capital contributions and share purchases of foreign investors reached 38.23 billion USD this year, a year-on-year slight decrease of 3%.

Of which:

Newly registered capital: There were 3,375 projects worth 19.7 billion USD, were granted licenses, up 1.8% in number and down 7.6% in value year-on-year.

Adjusted capital: There were 1,539 projects had their capital added with a total of 14 billion USD, up 11.2% in number and 50.4% in value year-on-year.

Capital contributions and share purchases: There were 3,502 capital contributions and share purchases by foreign investors (down 2.4% year-on-year) with a value of approximately 4.54 billion USD (down 48.1% year-on-year).

(Detailed data in Appendix I attached)

By sector:

Foreign investors poured funds into 18 out of 21 sectors in the national economic classification system, of which the processing and manufacturing industry led with total investment capital reaching nearly 25.58 billion USD, making up 66.9% of the total and rising 1.1% from the same period last year. Real estate business came next with a total investment of 6.31 billion USD, accounting for 16.5% of the total and up 18.8% year-on-year. Followed were power production and distribution, and wholesale and retail with 1.42 billion USD and 1.41 billion USD, respectively; the rest were construction, warehousing, information and communication

It is also worth noting that the wholesale and retail was the sector with the largest number of new projects (34.7%) and capital contributions and share purchases (40.9%). The processing and manufacturing industry led in additional capital (63.8%).

By counterpart:

There were 114 countries and territories investing in Vietnam in 2024. Singapore was Vietnam’s leading source of foreign investment with 10.21 billion USD, making up of 26.7% of the total and growing 31.4% year-on-year. South Korea came second with nearly 7.06 billion USD, making up 18.5% of the total investment, an increase of 37.5% year-on-year. Followed by China, Hong Kong (China), Japan and so on.

Regarding the number of projects, China led in terms of number of new projects (accounting 28.3%); South Korea led when it comes to turns of capital adjustment (22.8%) and capital contributions and share purchases (25.2%).

By location:

The foreign investors had invested in 56 provinces and cities nationwide this year. Bac Ninh emerged as the top for FDI attraction of 5.12 billion USD, making up 13.4% of the total and 2.8 times higher than the 2023 figure. Hai Phong ranked second 4.94 billion USD, accounting 12.9% of the total and up 42.4% year-on-year. Ho Chi Minh City ranked third with over 3.04 billion USD, accounting for 8% of the total and down 49.4% year-on-year. Followed by Quang Ninh, Ha Noi, Binh Duong, and so on.

Ho Chi Minh City was the best performer in attracting new projects (or 42%), additional investment (15.4%) and capital contributions and share purchases (69%).

(Detailed data in Appendix II attached)

2. Evaluation of the FDI performance in December and 2024

- Vietnam’s FDI disbursement reached an all-time high of approximately 25.35 billion USD in 2024, an annual increase of 9.4%, which also accounted for 16.5% of the total investments, a slight increase of 0.5 percentage points compared to the 2023 figure.

- Although the total investments this year fell slightly by 3%, the investment adjustment was a bright spot as both number of projects and capital adjustment increased 11.2% and 50.4%, respectively as compared to 2023. New investment also had a slight increase of 1.8% in number of projects, showing that investors remain high confidence in the country’s business climate, constantly increasing new investments and expanding their operation.

- December alone recorded the largest investment compared to other months of this year, with nearly 6.85 billion USD, accounting for 17.9% of the country’s total investment in 2024.

- Asian and traditional investors accounted the most proportion in 2024 (those from Singapore, South Korea, China, Hong Kong (China) and Japan). These five partners accounted for 73.4% of newly-registered projects and 78.1% of total national investment capital).

 - Investment still focused on cities and provinces that have more advantages such as infrastructure, stable human resources, efforts to reform administrative procedures, and active investment promotion, like Bac Ninh, Hai Phong, Quang Ninh, Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, Nghe An, Ba Ria - Vung Tau, and Hung Yen. These ten localities accounted for 79.2% of the country’s new projects and 70.1% of the total investment capital this year.

- The Government has implemented various significant policies and mechanisms to attract foreign investment this year, especially in high-tech sector, such as the strategy for developing Vietnam’s semiconductor industry by 2030, with a vision to 2050 and Decree 182 on the establishment, management and use of an investment support fund. Many large-scale projects in the fields of semiconductors and energy (production of batteries, photovoltaic cells and silicon bars), component manufacturing, electronic products, and high value-added products received significant investment in 2024, showing strong investor confidence in the country’s competitiveness as well as high-tech sector.

- The FDI sector contributed significantly to the country’s economic growth in 2024, specifically:

+ Contributing 20.49 billion USD to the State budget, accounting for 24.7% of the total revenue.

+ The sector had a trade surplus of nearly 50.3 billion USD including crude oil, and more than 48.6 billion USD excluding crude oil, offsetting the domestic sector’s trade deficit of 25.5 billion USD, helping the whole country have a trade surplus of about 24.9 billion USD this year.

3. Accumulated foreign investment in 2024

By the end of 2024, the whole country has 42,002 valid FDI projects with a total registered capital of about 502.8 billion USD. The accumulated realized capital of FDI projects is estimated at 322.5 billion USD, equaling 64.1% of the total valid registered investment capital.

- By sector: Foreign investors have invested in 19 out of 21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with over 308.76 billion USD, accounting for 61.4% of the total investment capital. It was followed by real estate business with 73.18 billion USD (representing 14.6%); power production and distribution with about 41.93 billion USD (or 8.3%).

- By counterpart: There were 147 countries and territories having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of over 92 billion USD (accounting for 17.9% of the total). Singapore came second with nearly 83.13 billion USD (representing for 16.5%), followed by Japan, Taiwan (China), and Hong Kong (China).

- By location: FDI has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City remained the leading province in attracting foreign investment with 59 billion USD (accounting for 11.7% of the total investment capital), followed by Binh Duong with 42.48 billion USD (or 8.45% of the total investment capital), Hanoi with nearly 42.34 billion USD (representing 8.4% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In 2024, Vietnamese businesses invested 164 new projects abroad and 26 projects saw capital adjustment. Vietnam’s total investment were about 664.8 million USD, marking a 57.7% increase year-on-year.

1. FDI outflows in 2024:

Vietnamese investors channelled capital into 16 sectors abroad, with science and technology topping the list (accounting for 30.2% of total investment capital, while there were no projects in this industry last year). Followed were manufacturing and processing industry (or 21%, 8.7 times higher than the 2023 figure), power production and distribution (or 14.2%, a rise of 12.1% year-on-year), and other sectors.

Among 31 countries and territories recording Vietnamese investments during the period, Laos took the lead (28.8%, a 62.2% year-on-year increase), Indonesia (20.7%, 227 higher than the 2023 figure) and India (or 13.5%, 59.7 times higher than the previous year).

2. Cumulative FDI outflows in 2024:

By the end of this year, Vietnam had 1,825 valid overseas investment projects with total capital exceeding 22.59 billion USD.

The investments concentrated on 18 out of 21 sectors, with a focus on mining (more than 7 billion USD, or 31% of the total), agriculture, forestry and fishery with a total investment of 3.4 billion USD, marking 15.1% of the total, and information and communication, which receiving 2.84 billion USD, or 12.6%.

Meanwhile, the biggest destinations of Vietnamese investments were Laos (5.7 billion USD, or 25.1% of the total); Cambodia (nearly 2.94 billion USD, representing 13%); and Venezuela (amounting 1.83 billion USD, or 8.1%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investment