Vietnam's overseas investment has seen a remarkable increase of 57.7% year-on-year in 2024, reaching a total of $664.8 million. This surge is attributed to investments in 164 new projects and 26 existing projects, with the science and technology sector leading the way, accounting for 30.2% of the total investment [06521143].
The processing and manufacturing sectors also contributed significantly, representing 21% of the total overseas investment. Notably, Laos emerged as the top recipient of Vietnam's overseas investments, receiving 28.8%, followed by Indonesia at 20.7% and India at 13.5% [06521143].
Among the prominent projects, VinFast's $500 million electric vehicle plant in Tamil Nadu, India, and TH Group's $190.93 million dairy project in Russia stand out as significant contributors to this investment growth [06521143].
In total, the number of valid foreign projects has reached 1,825, with a combined capital exceeding $22.6 billion. This upward trend in overseas investment reflects Vietnam's strategic focus on expanding its economic footprint globally and diversifying its investment portfolio [06521143].
In conjunction with this investment growth, Vietnam's economy is projected to grow at 6.5% year-on-year in FY25, driven by a strong manufacturing sector and favorable economic policies. The Asian Development Bank has revised its growth forecast for Vietnam to 6.6% for 2025, highlighting the country's economic resilience and trade performance [f1be8042].
As Vietnam continues to enhance its role in global trade, the combination of increased overseas investment and a robust domestic economy positions it as an attractive destination for foreign investors [bce47af3].