FDI flows surge into tech manufacturing
The majority of FDI in 2024 is concentrated in high-value industries such as electronics, semiconductors, and green technology.
Foreign direct investment (FDI) capital poured into Vietnam in 2024 was estimated at $40 billion, placing the country among the top 15 developing nations in terms of FDI attraction.
In the first 11 months of the year, northern Bac Ninh province leads the country with a total registered capital of nearly $5.04 billion, accounting for 16% of the country's total and more than three times higher than the figure it recorded in the same period of 2023. Nearby Quang Ninh province ranks second with $2.29 billion, followed by Ho Chi Minh City with $2.28 billion. The northern cities of Hai Phong and Hanoi, and the southern province of Binh Duong closely follow behind, with $2.15 billion, $2.07 billion, and $1.82 billion, respectively.
The majority of FDI in 2024 is concentrated in high-value industries such as electronics, semiconductors, and green technology. Experts predict this trend is likely to continue this year.
Some notable technology cooperation events in 2024 include the agreement between the Vietnamese Government and NVIDIA, a leading US chip manufacturer, to establish a Research and Development Center and an Artificial Intelligence (AI) Data Center in Vietnam.
This significant milestone will position Vietnam as one of the leading AI research and development hubs in Asia and third globally, after the United States and Taiwan.
