Vietnam has had remarkable success in attracting large FDI projects into industries.
Breakthrough from the first month of the year
In January 2025, Vietnam recorded more than 4.33 billion USD of newly registered FDI capital, up 48.6% over the same period last year. This figure not only reflects a strong breakthrough but also affirms Vietnam's attractiveness in the eyes of international investors, especially in the context of many fluctuations in the global economy.
According to the Department of Industry (Ministry of Industry and Trade), Vietnam has had remarkable successes in attracting large FDI projects into the country. industry. Many large-scale FDI projects in the processing and manufacturing sectors play a very important role in the country's export turnover, develop the domestic supply system, solve local employment and contribute greatly to the State budget. Some large corporations have expanded factories and established R&D centers in Vietnam such as Samsung, Apple, Marvell, NVIDIA, BYD.
According to the Ministry of Planning and Investment, in 2024, the total registered FDI capital in Vietnam will reach 38.23 billion USD. Of which, industrial production is one of the sectors that receives the most attention and investment from foreign investors. Notably, in 2025, according to the General Statistics Office, in the first month of the year, more than 4.33 billion USD of foreign investment capital was registered in Vietnam, an increase of 48.6% over the same period last year.
Recognizing the opportunity to attract FDI into Vietnam, Mr. Pham Nguyen Hung - Director of the Department of Industry said that in 2025, Vietnam will continue to maintain its position as one of the fastest growing economies in Southeast Asia. Political stability, improved business environment and investment in infrastructure have created favorable conditions for the development of industrial production. In particular, the biggest opportunities for industrial enterprises in our country include attracting foreign investors to invest, participating in global value chains, etc.
For example, the mobile phone market and the electronics industry in Vietnam have become a bright spot with rapid growth and huge potential, in which Apple has recorded outstanding success. Apple's three major partners in Vietnam, Foxconn, Luxshare and GoerTek, have also continuously expanded their electronics manufacturing facilities. After investing 1.5 billion USD to build a manufacturing facility, Foxconn will invest an additional 300 million USD in the Fukang factory under construction in Quang Chau Industrial Park (Bac Giang). Meanwhile, a representative of Goertek said that they will continue to invest 300 million USD to expand the factory in Bac Giang; and Luxshare currently has 6 factories with about 40,000 employees in Vietnam. Pegatron is expanding its second electronic components project, with a total investment of about 481 million USD in Hai Phong. According to the plan, Pegatron will continue to invest in the third project with a scale of 500 million USD in the period of 2025 - 2026.
For example, the leather and footwear and textile industry is one of the important industries of Vietnam, contributing significantly to GDP and creating jobs for millions of workers. In recent times, our country's textile and garment industry has become a fertile land to attract FDI capital, thereby helping to improve production capacity and export scale. Vietnam currently has about 3,500 FDI projects in the textile and garment sector, with a total investment of over 37 billion USD.
Need to be selective towards quality FDI projects
In fact, FDI capital is a very important factor that will have a positive impact on industrial production, not only helping to increase the production capacity of domestic enterprises but also increasing labor productivity and product quality through the transfer of technology and modern equipment. In addition, FDI capital has helped promote the development of supporting industries. FDI enterprises invest heavily in these important industrial areas, helping to increase production capacity and provide high-quality products to domestic enterprises.
With the continued attraction of FDI and industrial investment, opinions say that Vietnam needs to be more strict in selecting FDI capital flows, focusing on attracting FDI projects with quality and spillover effects, limiting projects using outdated technology, causing environmental pollution. This is also the goal set by the Politburo in Resolution 50 of the Politburo on the orientation of perfecting institutions and policies, improving the quality and efficiency of foreign investment cooperation by 2030, specifically: Proactively attracting and selectively cooperating with foreign investment, taking quality, efficiency, technology and environmental protection as the main evaluation criteria. Prioritizing projects with advanced technology, new technology, high technology, clean technology, modern management, high added value, spillover effects, connecting global production and supply chains...
" With the increase in industrial production, Vietnamese enterprises need to pay attention to environmental protection and comply with environmental protection regulations. That requires the industry and enterprises to invest in technology to improve labor productivity, reduce production costs and ensure product quality criteria of the market; invest in clean technologies, as well as implement measures to minimize environmental impacts ..." - Mr. Pham Nguyen Hung recommended.
To continue attracting investment flows into the industrial sector, Ministry of Industry and Trade propose some specific solutions, focusing on industrial development, especially the supporting industry sector according to the preferential and supportive policy orientations of the Government. From there, create a local supply system that is attractive enough for foreign investors.
In addition, focusing on developing supporting industries to attract and retain FDI capital is a typical successful experience of countries in the region, typically Thailand. In fact, in the past as well as at present, many investors in manufacturing industries have chosen Thailand or Indonesia because Vietnam's domestic supply system is much less competitive than these countries.
In that context, according to economic experts, to successfully attract and effectively utilize FDI capital for industrial production, domestic enterprises need to increase production capacity and competitiveness.
The leader of the Department of Industry also proposed a solution: domestic enterprises need to have a priority strategy for applying modern technology and equipment. In particular, enterprises in the industrial sector need to strengthen their management and operation capacity to effectively manage and operate FDI capital.
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