Vietnam’s FDI in First 8 Months of 2025 Reaches USD 26.14 Billion, Up 27.3% YoY

According to the General Statistics Office and the Ministry of Finance, as of August 31, total registered foreign direct investment (FDI) into Vietnam reached USD 26.14 billion, representing a 27.3% increase compared to the same period in 2024. This sharp rise highlights Vietnam’s growing appeal as an investment destination amid global supply chain diversification and regional competition.

Among the localities, Bac Ninh, Ho Chi Minh City, and Hanoi emerged as the top three destinations for foreign capital inflows. Meanwhile, the manufacturing and processing sector once again solidified its position as the driving force behind Vietnam’s FDI landscape.

New Registered FDI Projects: Manufacturing Remains the Leader

In the first 8 months of 2025, Vietnam licensed 2,534 new FDI projects, up 12.6% in number. However, total new registered capital reached USD 11.03 billion, marking a slight decline of 8.1% compared to last year.

• By sector:
  • Manufacturing: USD 6.53 billion (59.2%).
  • Real estate: USD 2.37 billion (21.5%).
  • Other industries: USD 2.13 billion (19.3%).
• By investor country/territory:
  • Singapore: USD 3.06 billion (27.8%).
  • China: USD 2.65 billion (24%).
  • Sweden: USD 1 billion (9.1%).
  • Japan, Hong Kong, Taiwan, and the U.S. followed closely.

• By locality:
  • Bac Ninh led with USD 1.47 billion (245 projects).
  • Ho Chi Minh City came second with USD 1.3 billion, while also topping the list in project numbers (1,244 projects).
  • Other active provinces included Hai Phong, Hung Yen, and Gia Lai.

These figures underscore that manufacturing continues to anchor Vietnam’s FDI inflows, particularly in electronics, textiles, and supporting industries.

Adjusted Capital and Equity Contributions

Alongside new projects, 996 existing projects registered capital increases, with total adjusted capital of USD 10.65 billion, soaring 85.9% year-on-year.

• Hanoi attracted the largest share, reaching USD 3.19 billion across 105 projects.
• Bac Ninh followed closely with USD 3.037 billion from 175 projects, the highest number nationwide.

Additionally, Vietnam recorded 2,245 equity contributions and share purchase transactions, worth USD 4.46 billion (up 58.8%).

• By sector:
  • Manufacturing: USD 1.65 billion (37%).
  • Professional, scientific, and technological activities: USD 981.7 million (22%).
• By locality:
  • Ho Chi Minh City dominated this segment with 1,603 transactions, totaling USD 2.35 billion.

This highlights a clear trend: foreign investors are not only opening new projects but also expanding and diversifying through mergers, acquisitions, and capital injections.

Bac Ninh Tops the FDI Rankings

When combining all three categories — new registrations, capital adjustments, and equity contributions:

• Bac Ninh led the country with USD 4.68 billion (up 4.8%), reaffirming its status as the electronics manufacturing hub of Northern Vietnam.
• Ho Chi Minh City followed with USD 4.39 billion (down 8.6%), with over 50% coming from equity contributions. This reflects its attractiveness to SMEs in services, trade, and IT.
• Hanoi ranked third with USD 3.8 billion (up 157.7%), primarily from capital adjustments and share purchases, showcasing the city’s role in expansion of existing projects.

Record-High FDI Disbursement in 5 Years

FDI disbursement reached USD 15.40 billion in the first 8 months, up 8.8% year-on-year — the highest figure for the period in the past five years.

• Manufacturing accounted for a dominant 81.6%, reinforcing its role as Vietnam’s industrial backbone.
• Real estate ranked second with 8%, reflecting steady interest in Vietnam’s urbanization and housing market.

Outlook and Implications

Vietnam’s FDI growth demonstrates the country’s strategic position in global supply chains. With its stable macroeconomic environment, competitive labor costs, and government policies favoring foreign investors, Vietnam remains a preferred destination for both greenfield projects and reinvestment activities.

Bac Ninh is consolidating its role in high-tech and electronics, Ho Chi Minh City remains the hub for trade and services, while Hanoi has positioned itself as a strong contender for project expansion. The continued dominance of manufacturing — especially electronics — points to Vietnam’s ongoing industrialization, while rising investments in real estate, technology, and services suggest a diversifying economy.

Conclusion

The surge in FDI during the first 8 months of 2025 underscores Vietnam’s resilience and appeal amid global uncertainties. The combination of record-high disbursements, strong capital adjustments, and robust equity contributions signals investors’ confidence in the country’s long-term prospects.

As Vietnam strengthens its role in global value chains, FDI will continue to serve as a key driver of economic growth, industrial upgrading, and job creation in the coming years.