Top 10 Countries with the Highest Foreign Direct Investment (FDI) in Vietnam - Mytour.vn

Denmark, a Scandinavian gem

In the investment sector, Denmark was notably active in 2021, with 145 enterprises investing in Vietnam, totaling $466.17 million USD in capital. This ranked Denmark 32nd among countries and territories investing in Vietnam. Particularly in the first quarter of 2022, two new projects were licensed, including the Lego project with an investment of over $1 billion USD, propelling Denmark to 22nd place and making it the third largest investor in Vietnam in 2022.

Korea

Korea is increasingly becoming a vital investment partner for Vietnam. In 2021, Korea topped the charts for foreign investment in Vietnam, reaching $74.7 billion USD. Korea also led in total new investment capital in 2021. However, in 2022, this top position was overtaken by Singapore.

The Netherlands

The Netherlands has emerged as the largest EU foreign direct investment (FDI) partner in Vietnam to date, with nearly 400 projects and a total capital of around $11 billion USD, accounting for nearly 50% of the total EU investment capital in Vietnam. Dutch enterprises have invested in 380 projects, with a total direct investment capital of $13.55 billion USD. These investment projects are mainly concentrated in southern provinces such as Ho Chi Minh City, Ba Ria - Vung Tau, Dong Nai, and Binh Duong. Many Dutch investment projects in Vietnam have operated very effectively, with well-known large companies such as Heineken, Unilever, Royal Dutch Shell, Philips, and Akzo Nobel Coating. In recent years, the two countries have closely collaborated in various fields, particularly in industrial sectors, clean energy use, renewable energy, circular economy, and emission reduction production, aiming for sustainable development.

China

China

Commercial and investment cooperation between Vietnam and Japan has made significant progress recently. According to statistics, there have been a total of 4,935 investment projects from Japan into Vietnam approved with a total registered capital of up to 64.5 billion USD (accumulated).

Data from the Ministry of Planning and Investment (MPI) shows that in the first 4 months of 2022, Japan continued to maintain its position as an important partner of Vietnam in attracting foreign direct investment (FDI). Japan had 48 new investment projects with a total registered capital of 255.9 million USD. The FDI inflow from this country has been present in 57/63 provinces and cities of Vietnam. The presence of many leading Japanese brands such as Honda, Toyota, Canon... has contributed to the development of Vietnam's industry. Currently, Japanese FDI is mainly concentrated in manufacturing - processing industries, electricity production and distribution, and real estate business.

Overall, FDI from the United States into Vietnam reached nearly 170 million USD in the first 4 months of the year, ranking 9th among the countries and territories investing in Vietnam.

Since the beginning of 2022, many large corporations from the United States have increased their investments in Vietnam. Most recently, Quantum Corporation (USA) and BB Group Joint Stock Company (BBG Corporation, Vietnam) signed an agreement with Quang Tri province to research and collaborate on two large-scale projects in the Southeast Quang Tri Economic Zone. Prior to that, two other major US enterprises, Exxon Mobil and Milennium, also proposed multi-billion USD investment plans in gas power projects in Vietnam... Not only in manufacturing or services, the presence of major names like Ford, General Electric, Pepsi, Coca-Cola, Nike, Microsoft, Citi Group, P&G, Metlife, UPS... has also demonstrated the significant interest of the United States in the Vietnamese market.

Hong Kong is currently the 7th largest trading partner of Vietnam and a major investor with a total registered investment capital of 27.83 billion USD (as of December 20, 2021) in various investment sectors including processing and manufacturing industries, real estate, export production, textiles, services, restaurants and hotels, transportation, warehouses, etc.

In recent years, Vietnam has enhanced its production and export capacity, deeply engaged in regional and global supply chains, becoming a major manufacturing and export hub in the region, attracting numerous international FDI enterprises, including many from Hong Kong. In 2021, Vietnam became the 7th largest trading partner of Hong Kong and the 2nd largest trading partner of Hong Kong among the member countries of the Association of Southeast Asian Nations (ASEAN).

As of February 20, 2022, Malaysia has 668 active projects with a total registered capital of over 12.8 billion USD, ranking 10th among the total number of countries and territories with foreign investment in Vietnam. Malaysia's average project scale is over 19 million USD/project, higher than the national average of 12 million USD/project.

Malaysia currently has investments in 32/63 provinces and cities of Vietnam (excluding offshore oil and gas). Ho Chi Minh City leads in Malaysian investment in Vietnam with 296 projects, a total investment capital of 4.7 billion USD, accounting for 37% of Malaysia's total investment capital in Vietnam; followed by Tra Vinh with 02 projects, total investment capital over 2.5 billion USD, accounting for 20% of the total investment capital. Hanoi ranks third with 111 projects, total investment capital of 2.1 billion USD, accounting for 17% of total investment capital. Next are Binh Duong, Dong Nai, Da Nang, and other localities.