Business

Vietnam’s FDI inflow surges nearly 39% in two months

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’s FDI inflow surges nearly 39% in two months ảnh 1Foreign investors inject capital into 16 out of 21 economic sectors. (Photo: VNA)

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

During the period, 405 new projects with total registered capital of 3.6billion USD were granted investment certificates, up 55.2% in volumeand doubling the value recorded in the same time last year.

Meanwhile, 159 projects had their capital adjusted, with a total amount of 442.1million USD, up 19.5% and down 17.4% year-on-year, respectively.

Capital contributions and share purchases fell 68% year-on-year to 255.4million USD.

As much as 2.8 billion USD in FDI was disbursed in the two months, expanding9.8% from the same time of 2023.

According to the MoIT, most of the capital was funneled into cities andprovinces with sound infrastructure, stable human resources, great efforts to improveadministrative procedures and active engagement in investment promotion events.

Hanoi, Quang Ninh, Thai Nguyen, Ba Ria – Vung Tau, Bac Ninh, Dong Nai, BacGiang, Ho Chi Minh City, Hai Phong and Hung Yen topped the country in terms of FDI attraction,the Foreign Trade Agency said, elaborating the ten localities made up a lionshare of 81.7% of the foreign capital in the period.

The capital city of Hanoi led all localities in FDI attraction with nearly 914.4 millionUSD, up 24.4 times against the same period in 2023.

Among 48 countries and territories with investment in Vietnam during the January-February period, Singapore was the biggest investor as it poured more than2.08 billion USD into the country, followed by Hong Kong (China), Japan andChina.

The investors injected capital into 16 out of 21 economic sectors, of which theprocessing and manufacturing industry took the lead withtotal investment of nearly 2.54 billion USD. It was followed by the realty sector(1.41 billion USD), whole andretail sale (125.2 million USD) and scientific and technological activities(nearly 76.4 million USD).

In the two-month period, the foreign-invested sector posted a trade surplus ofmore than 8.6 billion USD (excluding cruid oil), helping compensate thedomestic sector’s trade deficit of 4.63 billion USD.

As of February 2024, the country had 39,553 valid projects with totalregistered capital of 473.1 billion USD. Nearly 300 billion USD has beendisbursed so far./.

VNA
#Vietnam #FDI attraction #Foreign Trade Agency #capital adjusted #share purchases #capital contributions #trade surplus #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Quang Ninh likely to log 1 billion USD of FDI in Q1

Quang Ninh likely to log 1 billion USD of FDI in Q1

Meeting its target of attracting 1 billion USD worth of foreign direct investment (FDI) within the first quarter appears feasible for the northern coastal province of Quang Ninh, which saw total FDI topping 3.1 billion USD last year.
Vietnam looks to remain strong competitor for global FDI

Vietnam looks to remain strong competitor for global FDI

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

See more

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh delivers remarks at the working luncheon themed “Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) – Vision and Investment Opportunities”. (Photo: VNA)

Ho Chi Minh City strengthens global engagement at WEF Davos 2026

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh presented the city’s strategic vision, policy orientation and development priorities for building a modern, transparent and globally connected finance – technology ecosystem, with science – technology, data, artificial intelligence and fintech identified as core pillars.

The VSS reported that total accumulated reserves across the social, health, and unemployment insurance funds now top 1.5 quadrillion VND. (Illustrative photo: VNA)

VSS pledges tighter fund management, diversified investments

The VSS will also impose stricter financial discipline in fund management, while pursuing broader diversification of investment portfolios, as guided by the principle of “safety, sustainability, and efficiency”. This approach aims to secure strong liquidity for prompt benefit payouts and support growth in Vietnam’s capital markets and overall economy.

The ceremony unveiling AFT Connect portal (Photo: nhandan.vn)

AFT Connect portal links Vietnamese clean food producers

The platform is expected to serve as shared digital backbone enabling stakeholders in the clean food sector to gradually digitise, standardise, and publicly disclose information, ultimately aiding the fight against unsafe products and protecting consumer interests.

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

A spring fair kicks off in the central Da Nang city on January 22, 2026 (Photo: VNA)

Da Nang 2026 spring fair features 200 booths

The fair features a diverse range of products and services, focusing on items for Tet such as food and beverages, regional specialties, OCOP products, and rural and industrial goods; fashion, footwear, cosmetics, and sports equipment; health care products and beauty services; household items, interior and exterior décor, and handicrafts; as well as equipment, technology, and services in sectors like electronics, automobiles, and telecommunications.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.

Delegates perform the opening ceremony. (Photo: VNA)

Thailand Week 2026 opens in Hanoi

The event brings together more than 100 companies, including Thai enterprises and Vietnamese importers, across about 120 booths. It features a wide range of Thai products aligned with consumer trends in Vietnam, including food and beverages, health and beauty, mother-and-baby and pet products, fashion and jewellery, household goods and tourism services.