Vietnam achieved significant milestones in 2024, solidifying its position as a leading destination for Foreign Direct Investment (FDI).
The country attracted nearly $38.23 billion in registered capital, ranking among the top 15 developing countries for FDI inflows globally, according to Radio the Voice of Vietnam. Realized FDI capital also reached a record-breaking $25.35 billion, marking a 9.4% year-on-year increase.
Additionally, Vietnam’s national brand value soared to $507 billion in 2024, climbing to 32nd globally—an improvement of one position compared to 2023.
Strategic Focus on High-Quality FDI
Associate Professor Dr. Dao Ngoc Tien, Vice Rector of the Foreign Trade University, underscored the significance of focusing on high-quality FDI inflows. “Resolution 50 on the FDI Attraction Strategy in the new phase emphasizes not just attracting quantity but also prioritizing FDI from multinational companies within the top 500 and developed nations. Achieving this requires a steadfast commitment to stable and sustainable development,” he noted.
Economic expert Dr. Can Van Luc applauded these advancements, describing them as the outcome of Vietnam’s continuous efforts to improve its investment and business environment. He also highlighted the importance of developing green industries as a critical step in attracting sustainable FDI.
Positioning for the Future: Green and Sustainable Growth
Experts have emphasized the need for Vietnam to prepare for next-generation FDI projects by developing green industrial zones. Incorporating ESG (Environmental, Social, and Governance) principles and reducing carbon emissions are not only environmental imperatives but also critical for enhancing competitiveness.
Sophie Dao, Senior Partner at GBS, an investment consulting firm in Vietnam, commended the country’s achievements:
“Vietnam’s progress in FDI attraction reflects its strategic vision and determination to become a hub for sustainable and high-quality investments. The increase in realized FDI capital and the rise in national brand value demonstrate the success of policies prioritizing innovation, green growth, and global integration. These achievements not only enhance Vietnam’s reputation but also solidify its position as a competitive and attractive destination for international investors.”
With a clear focus on green growth and high-quality FDI, Vietnam is well-positioned to lead the way among developing nations, setting an inspiring example for sustainable development.
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Source: Vietnam Insider