As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

According to the General Statistics Office, the total FDI in the first quarter of 2024 neared 6.17 billion USD, up 13.4% year-on-year.

Vietnam’s rosy economic prospects have helped consolidate the confidence of foreign firms in the country, as reflected through their investment of 6.17 billion USD in the first quarter of this year, up 13.4% year-on-year.

Billionaires from Asia recently attended the 2024 Investment Promotion Conference in Binh Dinh province to seek investment opportunities. Four projects, capitalized at VND1.059 trillion in total, were licensed at the event.

Vietnam's property market is attractive for foreign investors, according to experts.

Vietnam needs to take drastic actions to get ready for the fourth wave of foreign direct investment (FDI) which is in the making and is expected to leverage the country on the global high-tech map.

Vietnam has attracted a total of US$6.17 billion in foreign investment in the first quarter of this year with Singapore being the largest investor accounting for 41.3 per cent of the investment influx.

The Vietnam Chamber of Commerce and Industry has proposed increasing the support for research and development costs to over 50% for foreign direct investment businesses, it said in policy feedback requested by the Ministry of Planning and Investment.

Vietnam's economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations.

Vietnam will experience a breakthrough in foreign direct investment (FDI) attraction to the fields of technology, renewable energy, health, banking and real estate, according to workd media.

FDI sector is considered to be a key driving force to develop the economy, accelerate international ties, and support local firms to get further involved in global value chains, said the Minister of Planning and Investment at the VN Business Forum.

HCM City is now leading the country in terms of a valid number of foreign investments with 12,520 projects worth US$57.64 billion.

Vietnam is attracting more and more foreign investment, thanks to its strong economic growth and stable political environment.

With a series of cooperation document signing and investment licencing for foreign investors right from the beginning of the year, Vietnam expects impressive results in attracting foreign direct investment (FDI) this year.

Deputy Minister of Planning and Investment Tran Quoc Phuong has outlined three groundbreaking solutions to attract foreign direct investment (FDI), especially for the semiconductor and new industries.

The export of products of the foreign direct investment (FDI) and traditional products of domestic enterprises are expected to rebound this year, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said.

As of January 2024, there were 8,058 businesses with over 50% of their charter capital invested by the RoK, accounting for 28% of all FDI firms in Vietnam.

Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)’s Foreign Trade Agency.

Vietnam remained an exception in attracting Foreign Direct Investment (FDI) on the global and regional scale last year. The Southeast Asian economy was also expected to attract a large amount of FDI this year, said economists and analysts.