Foreign investors injected more than 2.87 billion USD into the Vietnamese realty market during January-July, a year-on-year surge of 78%, according to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency.

Vietnam's foreign investment landscape flourished in the first seven months of 2024, with over $18 billion in registered capital, a significant rise from last year. Remarkably, Kyrgyzstan joined the list of 147 countries investing in Vietnam.

Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

In foreign investors' eyes, Vietnam remains an important investment destination in the medium and long terms amidst the ongoing global supply chain restructuring, according to the Ministry of Planning and Investment (MPI).

Many countries in Asia – Pacific have begun preparing for Donald Trump returning to the White House. For Vietnam, the biggest economic impact may be in two-way trade.

With positive results seen in the first half of this year, foreign direct investment (FDI) inflow in 2024 is hoped to hit 40 billion USD in the whole year, contributing to boosting the country’s growth, according to experts.

Vietnam expects to attract about US$39-40 billion in foreign direct investment (FDI) capital this year, a figure which is equivalent or higher than the same period in 2023, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

Foreign corporations such as Samsung, Intel, and LG have surveyed Vietnam for potential investment but ultimately decided to invest their billion-dollar projects in other countries.

Component suppliers, mostly Taiwanese (China), are facing stiff competition from powerful mainland rivals who are no longer synonymous with low prices and low quality.

The GSO said that foreign investment inflows into Việt Nam saw a positive increase of 13.1 per cent year-on-year to nearly $15.19 billion.

Foreign businesses injected nearly US$15.19 billion worth of foreign direct investment (FDI) into the Vietnamese economy in the first six months of 2024, representing a year-on-year rise of 13.1%, according to the General Statistics Office.

The country's textile, garment and footwear industries have long relied on imported raw materials, causing a current trend of foreign enterprises shifting industries to other countries, said insiders.

The Hanoi People's Committee will organise a conference to open up a dialogue with foreign investment enterprises in August this year.

The northern port city of Hai Phong attracted 647 million USD in foreign direct investment (FDI) in the first five months of 2024, up 11% year on year, solidifying its position as one of the biggest recipient of FDI nationwide.

Foreign investors have net sold Vietnamese stocks on HoSE with a value of 58 trillion VND (over 2.3 billion USD) since the beginning of 2023, indicating a prevailing trend of net selling in the Vietnamese stock market.

Hanoi attracted US$1.12 billion in foreign direct investment in the first five months of 2024.

More than 11.07 billion USD in foreign direct investment (FDI) was funneled into Vietnam during January-May, up 2% against the same time last year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Investment Agency.

Criteria for appraising and assessing the quality of FDI projects at the provincial level were announced at a conference on Thursday in Hanoi.

Vietnam has been overly reliant on FDI businesses and the country needs to pivot towards a comprehensive industrial ecosystem to support the development of domestic industries, said industry leaders and policymakers.