FDI DISBURSEMENTS AT RECORD HIGH IN 2024

Vietnam’s foreign direct investment (FDI) disbursements hit a record high of US$25.35 billion in 2024, a 9.4% increase compared to the previous year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

By the end of 2024, Vietnam had over 42,000 valid FDI projects, with total registered capital of US$502.8 billion. Of this, US$322.5 billion, or 64.1%, had been disbursed. In 2024 alone, fresh capital, adjustments, and capital contributions amounted to US$38.23 billion.

FDI enterprises played a major role in Vietnam’s trade. Export revenue, including crude oil, reached nearly US$290.8 billion, up 12.2% from 2023, accounting for 71.8% of the nation’s total exports. Excluding crude oil, exports hit US$289 billion, rising 12.4% and representing 71.4% of total export value.

Imports by FDI enterprises totaled US$241.6 billion, a year-on-year increase of 15.5%, comprising 63.4% of the country’s total imports.

Singapore remained Vietnam’s largest source of FDI in 2024, with investments of US$10.21 billion, accounting for 26.7% of the total FDI and representing a 31.4% increase from the previous year. South Korea followed with US$7.06 billion, while China, Hong Kong, and Japan completed the top five investors.

Bac Ninh Province in northern Vietnam emerged as the leading destination for FDI in 2024, attracting US$5.12 billion, more than 2.8 times the previous year’s amount. Haiphong and HCMC followed closely, drawing US$4.94 billion and US$3.04 billion, respectively.

Source: The Saigon Times