Recently, according to data released by the General Statistics Office of Vietnam, Vietnam’s newly approved, increased capital and equity mergers and acquisitions foreign direct investment (FDI) in 2024 was US$38.23 billion, a year-on-year decrease of 3.0%. The actual funds in place were US$25.35 billion, a record high, a year-on-year increase of 9.4%.
According to statistics, Vietnam approved 3,375 new foreign investment projects in 2024, with an agreed investment of US$19.73 billion. The number of projects increased by 1.8% year-on-year, and the agreed amount decreased by 7.6% year-on-year; 1,539 projects increased capital by US$13.96 billion, a year-on-year increase of 50.4%; 3,502 foreign equity mergers and acquisitions projects, with an amount of US$4.54 billion, a year-on-year decrease of 48.1%. Foreign investment projects are mainly concentrated in the processing and manufacturing industry, about US$25.58 billion, accounting for 66.9% of the total agreement, followed by the real estate industry, about US$6.31 billion, accounting for 16.5%.
In 2024, a total of 114 countries and regions invested in Vietnam. Singapore invested the most in Vietnam, nearly $10.21 billion, accounting for 26.7% of the total foreign investment agreements in Vietnam, an increase of 31.4% year-on-year. South Korea ranked second, nearly $7.06 billion, accounting for 18.5%, an increase of 37.5%. China ranked third, $2.84 billion, accounting for 14.4%; Hong Kong, China ranked fourth, $2.17 billion, accounting for 11.0%. Bac Ninh Province in Vietnam attracted the most foreign investment, nearly $5.12 billion, more than 2.8 times that of 2023. Haiphong City and Ho Chi Minh City attracted more than $4.94 billion and $3.04 billion in foreign investment, ranking second and third respectively.
The actual foreign investment in the whole year was $25.35 billion, of which $20.62 billion was in the processing and manufacturing industry, accounting for 81.4% of the total actual foreign investment; $1.84 billion was in the real estate industry, accounting for 7.2%; and $1.07 billion was in the production and supply of electricity, gas, hot water, steam and air conditioning, accounting for 4.2%.