Vietnam is attracting more and more foreign investment, thanks to its strong economic growth and stable political environment.

With a series of cooperation document signing and investment licencing for foreign investors right from the beginning of the year, Vietnam expects impressive results in attracting foreign direct investment (FDI) this year.

Deputy Minister of Planning and Investment Tran Quoc Phuong has outlined three groundbreaking solutions to attract foreign direct investment (FDI), especially for the semiconductor and new industries.

The export of products of the foreign direct investment (FDI) and traditional products of domestic enterprises are expected to rebound this year, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said.

As of January 2024, there were 8,058 businesses with over 50% of their charter capital invested by the RoK, accounting for 28% of all FDI firms in Vietnam.

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

Vietnam remained an exception in attracting Foreign Direct Investment (FDI) on the global and regional scale last year. The Southeast Asian economy was also expected to attract a large amount of FDI this year, said economists and analysts.

Vietnam’s economy is expected to get better in the Year of the Dragon 2024 and perform well for the rest of the decade.

FDI is expected to remain a pivotal catalyst for economic advancement throughout ASEAN countries, with VN positioning itself as a leading contender in the pursuit of top-tier FDI from Japan.

Vietnam is not only an attractive destination for foreign investors, with FDI registered in 2023 reaching $36.6 billion, but the country also invests in other economies, which has helped elevate its position in global FDI flow.

Foreign investors prefer Ho Chi Minh City to other cities because the southern metropolis offers many benefits for foreign companies to do business and invest; plus, investors easily receive the government’s active support.

Leaders from foreign-invested companies shared their insights, discussing their expectations for VN economic growth in 2024 and outlining their key focuses for the year ahead.

Real estate has emerged as the biggest recipient of foreign direct investment (FDI) in January while foreigners now also have great demand for property in Vietnam, statistics show.

Vietnam had attracted more than 2.36 billion USD in foreign direct investment (FDI) as of January 20, an increase of 40.2% over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Numerous ventures worth hundreds of millions of USD are pouring into Vietnam, promising positive results in foreign investment mobilisation and contributing to economic growth for 2024.

During the 35-year journey of foreign direct investment (FDI) attraction, Vietnam has continously improved institutions and incentives to attract and better manage domestic and foreign investment resources.

The capital has attracted more than US$41.1 billion in foreign direct investment (FDI) to rank second in the country behind only Ho Chi Minh City in terms of FDI.

Within the framework of WEF Davos 2024, Vietnamese Prime Minister Pham Minh Chinh on January 16 presided over a panel discussion with global technology firms on cooperation to develop AI, automotive technology and semiconductor industry.

StaBOO Holdings AG, a subsidiary of BARD AG specializing in research, development and production of high-end interior products, will build a VND3,000 billion bamboo processing factory in Vietnam’s Thanh Hoa province.

Despite formidable challenges for the real estate market in 2023, industrial property market has stood out as a bright spot that has maintained its growth momentum on the back of the foreign direct investment (FDI) flow, according to insiders.