Vinh Phuc attracts $590 mln in FDI, exceeding 2024 target by 50%

As of November 2024, Vinh Phuc has granted licenses for 32 new projects with a total registered investment capital of $190 million and adjusted the capital for 42 projects, with an additional capital of $400 million.

The total newly granted and increased capital for FDI projects thus stands at $590 million, exceeding the set plan by nearly 50%.

Notably, the FDI projects attracted in 2024 are all from technology investors with high added value, utilizing high-quality labor, and maintaining competitiveness in the global production network and value chain.

By the end of 2024, the province is expected to have an additional 31 FDI projects completed and operational, with a total investment of approximately $211 million. Most of these projects are in supporting industries for electronics, a sector that plays a crucial role in the high-tech industrial supply chain in the northern province.

Vinh Phuc aims to attract an additional $2-2.5 billion in investment from the FDI sector by 2030, including attracting 1-5 multinational corporations from the group of the world's 500 largest corporations. The locality also aims to increase the proportion of registered capital from traditional partners  to over 80% of the total FDI.

In 2025 alone, Vinh Phuc is expected to attract an additional 22 new FDI projects with a total investment of $500 million.