Vietnam attracted 33.69 billion USD in foreign direct investment (FDI) in the first 11 months of 2025, with manufacturing and processing continuing to draw the strongest interest from foreign investors.

A production line for camera modules and electronic components at the factory of MCNEX VINA Co. Ltd, a Korean-invested company in Phuc Son Industrial Park, Ninh Binh province.

According to the National Statistics Office (NSO) under the Ministry of Finance, disbursed FDI reached an estimated 23.6 billion USD during the period, up 8.9% year-on-year - the highest 11-month disbursement in five years.

Manufacturing raked in 19.56 billion USD, accounting for 82.9% of the total. Real estate followed with 1.67 billion USD, while electricity, gas, steam, and air-conditioning production and distribution brought in 754.9 million USD.

According to the NSO data, total registered FDI, which covers newly registered capital, additional capital, and capital contributions or share purchases, hit 33.69 billion USD, up 7.4% from last year.

Of the 3,695 newly licensed projects valued at 15.96 billion USD, manufacturing accounted for 9.17 billion USD, or 57.5%, followed by real estate with 3.14 billion USD.

Some 1,318 projects from previous years registered additional capital totalling 11.62 billion USD. NSO Director Nguyen Thi Huong said that, combining new and additional capital, manufacturing attracted 16.52 billion USD, or 59.9% of total newly registered and adjusted capital.

Capital contributions and share purchases by foreign investors reached 6.11 billion USD across 3,225 transactions, of which manufacturing accounted for 2 billion USD. In total, the sector drew 18.52 billion USD in the 11 months, nearly 55% of all registered FDI.

Experts attribute Vietnam’s appeal to its population of 100 million, abundant labour force, deep international economic integration and improving business environment.

According to Hong Sun, Honorary Chairman of the Korea Chamber of Business in Vietnam (KoCham), Vietnam remains an ideal medium- and long-term investment destination for Korean companies.

The Republic of Korea is the largest foreign investor in Vietnam with nearly 95 billion USD in registered capital, including major groups such as Samsung and LG.

He noted that Vietnam's stable political environment, effective FDI attraction strategy and continuous administrative reforms have strengthened investor confidence. The shift from a three-tier to a two-tier administrative structure has also helped accelerate policy response and streamline procedures.

Korean investors remain highly interested in manufacturing, while expanding into new fields such as semiconductors, artificial intelligence, energy and smart urban infrastructure.

Japanese enterprises also value Vietnam’s investment climate. Hamada Shogo, General Director of Daiwa Vietnam, said company operations have expanded since entering the market in 1995, supported by Vietnam’s open-door policy and active participation in free trade agreements.

Administrative reforms, particularly in industrial zone investment procedures, have reduced processing time and improved competitiveness.

Ogawa Tsuyoshi, Director of Japanese-invested TKR Vietnam, said the company expects revenue of 1.244 trillion VND (47.29 million USD) in 2025 and 1.847 trillion VND in 2027.

To meet growth targets, TKR plans to build a third factory in Vietnam and invest in equipment to assemble circuit boards in-house.

However, investors continue to face obstacles, including visa procedures for foreign experts and managers, complex VAT refund processes and customs clearance delays.

Hong Sun recommended that Vietnam further reduce legal barriers, enhance administrative transparency and efficiency, and strengthen infrastructure, especially in information technology and energy, to maintain its competitiveness.

Domestic-foreign business connectivity key to FDI quality improvement

In the first nine months of 2025 alone, registered FDI inflows topped 28.54 billion USD, up 15.2% year on year, with disbursed capital hitting a five-year record of 18.8 billion USD.

 

Eco-industrial parks with integrated infrastructure draw rising FDI interest

Since early 2025, a growing number of investors from Europe, the US and Japan have been touring southern Vietnam to seek potential investment locations. While land costs and location were once the main concerns, sustainability has now become a decisive factor, including renewable energy use, integrated services, and environmentally friendly living spaces.

 

Vietnam moves to attract higher-quality FDI flows

Under the Government’s Decree No. 236/2025/ND-CP, effective from October 15, 2025, Vietnam officially applies a global minimum tax rate of 15% on multinational enterprises with consolidated revenues of 750 million EUR (877.87 million USD) or more. This move helps the Southeast Asian nation align its tax policy with international practices, as more than 100 countries have already introduced similar measures.

 

Nine-month FDI up 15% year on year

Vietnam attracted a total of 28.54 billion USD in foreign direct investment (FDI) between January and September, 2025, marking a 15.2% increase compared to the same period last year, according to the National Statistics Office of Vietnam.

 

Vietnam’s FDI disbursement highest in five years

Vietnam’s disbursement of foreign direct investment (FDI) in January – September recorded its highest level in five years, reaching 18.8 billion USD, a year-on-year increase of 8.5%, the National Statistics Office of Vietnam under the Ministry of Finance revealed on October 6.