Strong wave of FDI into South Vietnam in two months

18:40 | 01/03/2025 Investment Follow Ven.vn on

Foreign direct investment (FDI) flows into southern Vietnam have regained momentum over the past two months after a period of decline.

Strong wave of FDI into South Vietnam in two months

Nguyen Tri Phuong, head of the Industrial Park Management Board of Dong Nai province, revealed that the locality has attracted 14 investment projects with a total registered capital of over US$738 million.

Of the figure, US$689 million is foreign direct investment (FDI) capital, fulfilling more than 80% of the yearly plan.

Most of the investors come from Japan, Thailand, Singapore, Taiwan (China), the Republic of Korea, and the United States. Notably, Japan’s SMC has poured an additional US$330 million into SMC Manufacturing Vietnam Co., Ltd. in Long Duc Industrial Park.

Moving forward, the Dong Nai Provincial People's Committee aims to attract US$1.1 billion in FDI this year.

Meanwhile in Binh Duong province, immediately after granting investment decisions to 20 projects and investment registration certificates to three projects with a total capital of US$1.7 billion in January, the provincial administration issued investment certificates to a series of schemes with capital of billions of US dollars in early February.

In particular, Binh Duong approved investment in seven social housing projects totalling VND8,468 billion.

Two new FDI projects in the locality are the Timotion Vietnam Manufacturing Factory valued at US$29 million and the project of Axman Vietnam Co., Ltd. in VSIP III Industrial Park with US$24 million.

Furthermore, three other projects have increased their capital, namely Cheng Loong Binh Duong Paper Co., Ltd with US$50 million, Deneast Vietnam Co., Ltd with US$40 million, and Dongil Rubber Belt Vietnam Co., Ltd with US$15 million.

Elsewhere, Ho Chi Minh City has also presented investment decisions to 12 housing development schemes in Thu Duc City with total capital exceeding VND33,000 billion.

According to the Ho Chi Minh City Investment and Trade Promotion Center (IPTC), as many as 125 countries and territories around the globe have so far invested in the city. By the end of January, it had 13,691 FDI projects with a total registered capital of more than US$58.9 billion.

Source: VOV

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