Vietnam’s FDI inflow surges 38.6% in first two months of 2024

Vietnam attracted $4.29 billion in foreign direct investment (FDI) in the first two months of 2024, a year-on-year surge of 38.6%.

The disbursement of FDI capital is projected at some 2.8 billion USD, reflecting a 9.8% increase against the same period last year.

Notably, several large-scale projects were granted investment registration certificates in February, such as Trina Solar Cell project in Thai Nguyen province and the Gokin Solar Hai Ha Vietnam project in Quang Ninh.

In the southern key economic region, a series of FDI projects were licensed in labour-intensive industries and those that use new and environmentally friendly technologies. Dong Nai topped the localities with 27 foreign-invested projects worth $439 million.

Vietnam's largest investment partners in the last two months remained traditional investors from Asia, including Singapore, Hong Kong, Japan, China, and South Korea, which accounted for 77% of new investment projects and nearly 85.5% of the total registered investment capital nationwide.

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(Source: VNA)