Vietnam’s Foreign Direct Investment (FDI) Continues to Increase in the First Eight Months

According to the Statistics Department of the Ministry of Planning and Investment of Vietnam S390N Grade F steel, as of the end of August, the total amount of foreign direct investment (FDI) committed by Vietnam reached 20.5 billion US dollars, an increase of about 7% compared to the same period last year. The FDI capital in the first eight months of this year reached 14.15 billion US dollars, an increase of 8.0% compared to the same period in 2023. The newly added registered capital includes 2247 licensed projects, with a registered capital of nearly 12 billion US dollars. The number of projects increased by 8.5% compared to the same period last year, and the registered capital increased by 27%.

As far as we know, the top five countries and regions for foreign investment in the past eight months are Singapore, Hong Kong, Japan, China, and South Korea, accounting for 74% of new investment projects and 77.1% of the total registered investment in the country. From the perspective of investment, foreign investors have already invested in 54 provinces and cities in Vietnam in the first 8 months of 2024. Among them, Beining Province leads with a registered investment of nearly 3.47 billion US S390N Grade F steel dollars, accounting for 16.9% of the country's total; The second ranked province is Guangning, which attracted nearly 1.78 billion US dollars in foreign investment, accounting for 8.7% of the total registered capital, an increase of more than 2.3 times compared to the same period; Ho Chi Minh City ranks third with a registered investment of over 1.76 billion US dollars, accounting for nearly 8.6% of the country's total investment.

Thanks to Vietnam's commitment to the world's lowest tax rate, foreign direct investment in Vietnam continues to grow, not only increasing the number of projects but also the scale of investment capital, highlighting its attractiveness as a global S390N Grade F steel manufacturing OEM.