Nearly 25 Billion USD in FDI Flows into Vietnam in 9 Months

Posted on 3 October, 2024

Vietnam continues to be an important destination for foreign direct investment (FDI), as evidenced by the steadily increasing amount of capital attracted.

The total registered FDI capital in Vietnam over the past 9 months reached nearly 25 billion USD, a rise of more than 11.6% compared to the same period last year. Many large global corporations have committed to and are gradually fulfilling their commitments, making Vietnam a major manufacturing hub in their global supply chains.

Choosing a partner with a 35-year history of development, this group aims to establish a large manufacturing center in Vietnam to dominate the regional market and supply products to its global system, with a projected production capacity of 3 billion products per year by 2028. To achieve this, the enterprise has continuously invested in research and development.

Mr. Stéphane Jacqmin – Senior Vice President of Emerging Markets at STADA Group stated: “Our investment priority in research in Vietnam is aimed at community care commitments, thereby elevating Vietnam’s status as a high-standard manufacturing center capable of meeting both domestic market needs and export demands.”

Nearly 25 Billion USD in FDI Flows into Vietnam in 9 Months width=

FDI is not only a source of financial resources but also a source of technology, significantly contributing to the development of Vietnam’s economy. FDI disbursement reached 17.3 billion USD, the highest value in the same period over the past five years. However, to enhance attractiveness to investors, we must also make strong improvements in human resources and infrastructure.

Along with investment incentive policies, legal regulations on investment and business are being revised and perfected to create favorable conditions for investors.

Ms. Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, remarked: “The Ministry of Planning and Investment actively advises and reports to the Government and the Prime Minister to submit to the National Assembly for consideration and amendment of the Law on Public Investment, promptly addressing institutional and legal difficulties, unlocking resources for socio-economic development, resolving urgent challenges and bottlenecks, simplifying administrative procedures, and enhancing decentralization associated with strengthening inspection and supervision.”

According to international organizations, three factors—stable macroeconomic conditions, positive economic recovery growth, and global manufacturers’ supply chain diversification strategy—continue to help Vietnam attract promising FDI throughout this year.

Key factors driving Vietnam's FDI attraction
Key factors driving Vietnam’s FDI attraction

Source: VTV Online

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