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.

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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 USD.

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

Meanwhile, although American investors registered 12 new investment projects in Vietnam, the total registered capital amounted to only 3.22 million USD. European investors have not yet boldly poured capital into Vietnam. The UK led European investors with a registered capital of 36.2 million USD in Vietnam.

Attracting FDI is a crucial goal for Vietnam in the coming years.

In addition to traditional partners in the region, insiders said Vietnam should focus on drawing more new and potential investors who have advanced technology, adding that diversifying investors will help Vietnam reduce overreliance on any single partner.

To improve the quality of FDI attraction, Vietnam needs to strongly improve the investment environment, and seek solutions to meet requirements from investors, especially those from European and American countries, insiders said.

Vietnam's FDI forecast to remain strong through 2024

The year 2024 continues to look good for Vietnam’s foreign investment attraction, as right from the beginning of this year, the country has attracted a host of projects.

Vietnam attracts over 2.36 billion USD in FDI in first month of 2024

Vietnam had attracted more than 2.36 billion USD in foreign direct investment (FDI) as of January 20, an increase of 40.2% over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A turning point in 35 years of FDI attraction in Vietnam

During the 35-year journey of foreign direct investment (FDI) attraction, Vietnam has continuously improved institutions and incentives to attract and better manage domestic and foreign investment resources. The expansion of economic diplomacy activities by the Party and Government in recent times has created more opportunities for Vietnam to attract high-quality capital flows into new industries.

Bac Giang provincial leader extends Tet wish to FDI enterprises

BAC GIANG - On January 26, the Vice Chairman of Bac Giang provincial People's Committee (PPC) Phan The Tuan and representatives of the Department of Foreign Affairs and the Provincial Industrial Park Management Board visited and extended New Year wish to a number of foreign direct investment businesses (FDI) in the province.

Vietnam should not miss opportunities to attract high-quality FDI

Amid numerous difficulties, Vietnam still recorded impressive results in attracting foreign direct investment (FDI) in 2023, with new pledges reaching 36.6 billion USD (up 32.1%) and disbursement hitting an all-time high of 23.18 billion USD.

Source: VNA