Business News

HCMC – The northern province of Bac Ninh emerged as Vietnam’s top destination for foreign direct investment (FDI) in 2024, attracting nearly US$5.12 billion, accounting for 13.4% of the national total, according to the General Statistics Office.

Viet Nam invested US$664.8 million in 190 overseas projects in 2024, up 57.7 percent in capital against the previous year, according to the Foreign Investment Agency (FIA).

Viet Nam pocketed over US$10 billion from seafood exports in 2024, sustaining its position as the world's third largest seafood exporter after China and Norway.

Vietnam ended 2024 on a strong note, as real GDP growth gained a further 7.55 per cent on-year in Q4, from a revised 7.43 per cent on year in Q3. This is well above the median consensus view of 6.7 per cent and the forecast of United Overseas Bank (UOB) at 5.2 per cent.

By the end of 2024, the disbursed FDI capital in Vietnam is estimated to reach approximately 25.35 billion USD, up 9.4% compared to 2023, marking the highest disbursement level ever recorded. Total newly registered capital, additional capital adjustments, and foreign investors' capital contributions and share purchases are estimated at nearly 38.23 billion USD.

The rapid growth of the digital economy has propelled Vietnam’s retail e-commerce market to surpass $25 billion in 2024, marking a 20 per cent increase from the previous year.

The average Consumer Price Index (CPI) in 2024 increased by 3.63% compared to 2023, meeting the target set by the National Assembly.

With a young and dynamic population, rising incomes and increasing urbanisation, the sector is emerging as one of the most promising engines for economic expansion in the coming years.