An article on Vietnam Briefing on December 9 said that Singapore was the largest foreign investor in Vietnam during the 11-month period, with registered capital reaching US$9.14 billion. This impressive figure accounted for 29.1% of Vietnam’s total FDI capital and increased by 53.7% compared to the same period last year. Notably, the capital inflow was driven by a combination of new investments (63.3%) and additional funding for operating projects (27.3%), reflecting Singapore’s confidence in Vietnam’s long-term growth potential.
Singapore’s investments span high-value industries, including electronics, energy and technology manufacturing. The surge in Singapore investment also highlights the effectiveness of Vietnam’s bilateral trade agreements and sound legal framework, which continue to attract capital from one of Southeast Asia’s wealthiest nations.
South Korea was Vietnam’s second-largest investor in the January-November period, contributing $3.89 billion, or 12.4 percent of total FDI, although the figure was down 9 percent year-on-year. Despite the decline, South Korean companies maintained a strong presence in Vietnam, especially in the electronics and manufacturing sectors.
Mainland China, ranked third in registered FDI capital, is the leading country in newly licensed projects, accounting for 28.3%. The next positions are Hong Kong (China), Japan...
Vietnam’s manufacturing and processing sectors continued to dominate FDI flows, attracting US$20.2 billion, equivalent to 64.4% of total FDI. Although the figure was down 8.7% year-on-year, the sector remains the foundation of Vietnam’s economy, attracting investment in high-tech manufacturing, semiconductors and electronic components.
Real estate emerged as the high-growth sector, attracting $5.63 billion, up 89.1%. Other notable sectors included wholesale and retail ($1.37 billion) and electricity generation and distribution ($1.12 billion).
Among the provinces receiving large FDI during this period, Bac Ninh led thanks to large-scale high-tech projects such as that of Amkor Technology Inc. Quang Ninh Province ranked second, Ho Chi Minh City ranked third, while Hai Phong, Hanoi and Binh Duong also attracted significant capital flows.
The period also saw the approval and expansion of several landmark projects. Amkor Technology Inc. in Bac Ninh secured an additional $1.07 billion, bringing its total investment to $1.6 billion for advanced semiconductor manufacturing. LG Display in Hai Phong received an additional $1 billion, bringing its total investment to $5.65 billion, cementing Vietnam’s role in the global electronics supply chain.
Vietnam Briefing reported that Vietnam’s FDI performance from January to November 2024 underscores the country’s position as a competitive investment destination. With significant capital flows into high-tech manufacturing, real estate, and energy, Vietnam is poised to play a key role in the global supply chain. Strategic partnerships with leading investors, especially from Singapore, South Korea, and China, further highlight Vietnam’s importance in the Asia-Pacific region.
Going forward, Vietnam’s focus on infrastructure development, regulatory reform and regional integration through trade agreements is expected to sustain its growth trajectory. As global companies increasingly prioritize supply chain diversification and resilience, Vietnam is likely to remain a magnet for FDI in key industries.
