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Vietnam – FDI Attraction Potential: 39–40 Billion USD for 2024

FDI Attraction Could Reach 39-40 Billion USD This Year

According to the Deputy Minister of Planning and Investment, total registered FDI capital in 6 months reached nearly 15.2 billion USD, up 13.1% over the same period. Many large FDI projects in the fields of semiconductors, electronics, energy… have been newly invested and expanded to increase capital.

Regarding expectations for the last 6 months of 2024, Deputy Minister Tran Quoc Phuong said that many international financial institutions highly appreciate and are optimistic about Vietnam’s FDI attraction thanks to three important factors.

First, the strategy of diversifying investment supply. Next, Vietnam’s economic growth has many prospects, positively impacting investors’ investment strategies. Finally, there is the macroeconomic factor. Despite facing many difficulties from external factors, Vietnam’s CPI index still remains below 4%, reaching the target set by the National Assembly.

Survey results of the Ministry of Planning and Investment show that FDI investors’ confidence in Vietnam’s economy is still very positive, showing their desire to continue investing in our country. Therefore, according to Mr. Phuong, Vietnam can expect FDI attraction for the whole year 2024 to reach about 39-40 billion USD, equivalent or higher than the same period in 2023.

Regarding the economic growth target for the whole year 2024, the Deputy Minister of Planning and Investment reiterated that GDP growth in the second quarter and the first 6 months of the year is very positive. Specifically, GDP growth in the second quarter is estimated at 6.93% over the same period, 6 months increased by 6.42%, exceeding the scenario in Resolution 01 (6%).