The General Statistics Office (GSO) reported that Vietnam’s foreign investment reached US$9.27 billion in the first four months of 2024, with US$6.28 billion disbursed.
Vietnam remains a strong magnet for foreign businesses looking for investment opportunities and strategic partnerships. Boasting a robust economy, a strategic geographic position, and supportive policies, Vietnam offers a wealth of opportunities for foreign direct investment (FDI) in a variety of sectors.
The country saw over 51,000 newly established enterprises during this period. Foreign direct investment (FDI) surged in Vietnam, with Singapore being the leading investor. The processing and manufacturing industry attracted the highest FDI, followed by real estate. Additionally, Vietnam’s e-commerce sector is booming, and the healthcare and education startups attracted significant investment in 2023.
The processing and manufacturing industry led the FDI influx with nearly US$4.93 billion, constituting 78.5 percent of the total, followed by real estate with US$607.6 million. Other top FDI beneficiaries were wholesale & retail, and scientific and technological activities.
Investment into Vietnam came from 50 countries and territories during this period, with Singapore leading the pack at US$2.59 billion, followed by Hong Kong, Japan, China, Turkey, and Taiwan.
Vietnam remained third in Southeast Asia for both the number of investment deals and total investment in startups in 2023. According to the 2024 Technology and Innovation Investment Report at the Vietnam Innovation Forum, Vietnamese startups attracted a total investment of US $529 million. Singapore led in both deal count and total investment, with Indonesia following closely behind.
Despite a 17 percent decrease in total investment compared to the previous year, Vietnam only experienced a 9 percent dip in the number of startup deals, totaling 122 deals. This suggests that Vietnam’s technology investment landscape has been affected by global economic shifts. However, Vietnam’s decline in investment was less severe compared to the global venture capital investment drop of 35 percent to US $345 billion.
Vietnam FDI Data for Jan-April 2024: GSO Report (vietnam-briefing.com)
