Record US$25 billion FDI disbursement in 2024 signals thriving growth
VOV.VN - In 2024, foreign direct investment (FDI) disbursements in Vietnam reached approximately US$25.4 billion, marking a 9.4% increase—the highest level in six years. This indicates a growing trend toward more substantial and effective FDI inflows.
At the beginning of 2025, the northern province of Bac Ninh attracted nearly US$2 billion in registered FDI, almost equaling the total FDI it received in 2022. Notably, an existing foreign investor in the locality added US$1.2 billion to their project.
Bac Ninh, the country's top FDI recipient in 2024 with over US$5 billion, saw significant adjustments in the electronics, electricity, and semiconductor sectors. These developments have driven growth in local supporting industries, fostered high-tech supply chains, and acted as a catalyst for economic progress.
According to Vuong Quoc Tuan, chairman of the Bac Ninh People’s Committee, the province bases its strategy on untapped potential and a commitment to high-tech industrial development. This approach includes promoting local and domestic enterprises to create a supportive ecosystem. “Bac Ninh is determined to reform administrative procedures, minimize costs and time, and ensure transparency and openness for businesses,” he emphasized.
The central province of Quang Nam also experienced sustained FDI growth in 2024. The province currently has 201 active FDI projects with a total registered capital exceeding US$6.3 billion. These projects contribute billions of VND annually to the provincial budget and provide jobs for over 62,000 local workers.
Quang Nam has identified "hard" infrastructure and "soft" mechanisms as key factors in attracting foreign investors. Provincial leaders have actively conducted overseas trips to promote investment and invite top global enterprises to the province.
Le Van Dung, chairman of the Quang Nam People’s Committee, shared that the province prioritizes building a favorable environment and warmly welcoming investors with openness and cooperation. "We hope foreign investors see Quang Nam as an attractive and trustworthy destination, boosting collaboration and ushering in a new phase of development. This aligns with our vision to elevate Quang Nam into a leading province nationwide,” Dung stated.
Dung also emphasized the province's proactive role in addressing challenges faced by businesses, particularly during production difficulties. He stressed the importance of timely support to prevent enterprises from withdrawing from the market. “Quang Nam's leadership is committed to implementing key measures to resolve these challenges and support businesses in advancing their investments," he affirmed.
