Foreign direct investment (FDI) in Vietnam reached nearly 31.4 billion USD in the first 11 months of 2024, with disbursed FDI expected to be about 21.7 billion USD, indicating a 7.1 percent increase compared to the corresponding in 2023. The year 2024 represented the third consecutive year in which the country invested over $20 billion in foreign direct investment (FDI).

Vietnam ranks among the top 15 developing countries attracting the highest FDI globally.

Vietnam is set to rise as a manufacturing hub in the area this year, especially in technology fields, as global companies have expressed a willingness to expand their operations in the country.

The coastal province of Quang Ninh ranked second with 2.29 billion USD in registered capital, followed by HCM City at 2.28 billion USD, and then by Hai Phong, Hanoi, and Binh Duong.

The northern province of Bac Ninh led the country with a total registered investment capital of about 5.04 billion USD, accounting for 16% of the total national investment capital, more than three times higher than the same period in 2023.

In the initial 11 months, among 110 countries and territories that invested in Vietnam, Singapore was at the forefront with an investment capital nearing 9.14 billion USD, making up over 29% of the total investment, reflecting a 53.7% rise compared to the corresponding period in 2023.

Investments in main sectors like electronics, semiconductors, and green technology led the FDI into Vietnam in 2024 and are anticipated to continue this year.