Although there are not many billion-dollar projects, the appearance of technology giants such as LG, Samsung, Amkor, NVIDIA... is probably enough to prove the attractiveness of Vietnam as an investment destination.
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| LG Display has increased its investment capital by another 2.35 billion USD in 2024 |
Investing capital in Vietnam
Not just 1 billion USD, but up to 2.35 billion USD has been increased by LG Display's investment capital in 2024. The first capital increase was in November 2024. The second capital increase, according to information from the Foreign Investment Agency (Ministry of Planning and Investment), was in the last days of 2024.
LG Display's expanded investment registration certificate has been signed, and that is one of the reasons why in just the last month of 2024, the total registered foreign investment capital reached nearly 6.85 billion USD, accounting for 17.9% of the total foreign investment capital attracted by the country in 2024.
In addition to LG Display's two billion-dollar projects, 2024 will also see a number of other large-scale foreign investment projects. Notably, there is Amkor Group's $1.07 billion project to expand its semiconductor factory in Bac Ninh; or Foxconn's capital increase projects, with a scale of more than $550 million in Quang Ninh...
Most recently, Bosch increased its investment capital by nearly 107 million USD, while Jabil increased its capital by 150 million USD... In particular, it is impossible not to mention the appearance of NVIDIA with its commitment to develop an Artificial Intelligence (AI) Research and Development Center and an AI Data Center in Vietnam. NVIDIA acquired VinBrain, an AI company of Vingroup, with the goal of developing a large design center in Vietnam.
Technology giants have poured capital into Vietnam. As a result, total foreign investment in Vietnam in 2024 reached 38.23 billion USD. Although this figure decreased slightly by 3% compared to the previous year, it is enough to affirm that Vietnam continued to have a successful year in attracting foreign investment. It was even more successful when a large number of projects in the high-tech field, including semiconductor chips, AI, etc.
Minister of Planning and Investment Nguyen Chi Dung has repeatedly emphasized this. He talked about the emergence of investors in the fields of high technology, semiconductors, AI and the opportunity for Vietnam's economy to accelerate its development in the future.
According to the Foreign Investment Agency, of the total 38.23 billion USD of foreign investment capital attracted in 2024, 19.73 billion USD came from newly registered projects, 13.96 billion USD of additional registered capital and 4.54 billion USD of investment capital through capital contribution and share purchase.
It is worth noting that while newly registered capital and investment capital through capital contribution and share purchase decreased compared to the previous year, additional capital increased by 50.4% compared to the same period last year. In particular, disbursed capital reached a record, with 25.35 billion USD, up 9.4% compared to the previous year.
“This shows that foreign investors continue to have confidence in Vietnam's investment environment, constantly increasing new investment projects and expanding existing investment projects,” the Foreign Investment Agency commented.
“Delicious food” ahead
Also on the last day of 2024, the Government issued Decree 182/2024/ND-CP on the establishment, management and use of the Investment Support Fund. This strategic initiative, according to Mr. Bui Ngoc Tuan, Deputy General Director of Tax and Legal Advisory Services, Deloitte Vietnam, continues to put Vietnam on the list of priority countries for development of the "eagles".
Without having to wait long, in the first days of the new year 2025, another billion-dollar project appeared. That is the project of Samsung Display. This project was committed to investment by the "big guy" Samsung since last year and in early 2025, it was officially granted an investment registration certificate.
Semiconductors are expected to remain a hot topic in 2025-2026. Vietnam is taking full advantage of its existing advantages while creating favorable conditions to increase its attractiveness to investors. 
– Mr. Thomas Rooney, Deputy Director of Industrial Real Estate Services, Savills Hanoi
When investment support policies, including financial support, are implemented, more technology "eagles" will come to Vietnam.
“Vietnam is becoming a strategic destination for large technology corporations thanks to its favorable geographical location in the global supply chain. The wave of investment in high-tech projects and research and development centers is driving demand for infrastructure and factories, creating momentum for growth in the industrial real estate market,” said Mr. Thomas Rooney, Deputy Director of Industrial Real Estate Services, Savills Hanoi, after mentioning the trend of a series of technology giants coming to Vietnam to set up production and business facilities.
“The arrival of NVIDIA, the world's leading corporation in AI and semiconductors, to Vietnam has marked an important turning point, creating an opportunity for Vietnam to become Asia's leading AI R&D center,” said Mr. Thomas Rooney, adding that NVIDIA's construction of an R&D center in Vietnam, along with the government's human resource development strategy and support policies, promises to bring higher added value, attract investment and promote cutting-edge technology industries.
It is reported that several other semiconductor projects, including projects worth billions of dollars, will be invested in Vietnam in the coming time, when mechanisms and policies become clearer.
Although not in the high-tech field, there is another notable move, which is that AEON Vietnam, on January 10, 2025, officially put the AEON Xuan Thuy General Store and Supermarket (Hanoi) into operation.
Sharing with the press on this event, Mr. Furusawa Yasuyuki, member of the Board of Directors of AEON Group (Japan) in charge of the Vietnamese market, and General Director of AEON Vietnam, said that considering Vietnam as the second key area besides Japan, AEON will continue to expand investment in Vietnam.
“Not only opening large-scale shopping centers, we will diversify business models, including small and medium-sized supermarkets, specialized stores... to better meet the needs of Vietnamese customers,” said Mr. Furusawa Yasuyuki.
In Vietnam, AEON Group has up to 9 companies. Not only operating in the retail sector, AEON also has a company specializing in the financial services sector. The information has just been announced, AEON Financial has completed the acquisition of 100% of the capital of Postal Finance Company, owned by SeABank. The value of the transaction is revealed to be about 4,300 billion VND. The State Bank of Vietnam has officially approved the transfer of this share.
At the beginning of the year, there has been a flurry of good news about the “big guys”. 2025 promises to be a successful year in attracting foreign investment to Vietnam. The “delicious dishes” are still ahead.
Source: https://baodautu.vn/loat-dai-gia-cong-nghe-doc-von-vao-viet-nam-d240304.html
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