In December 2024, the British Virgin Islands registered 1 new project with US$3 million in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This marks a 67 percent decrease in the number of new projects compared to November, which recorded 3 new projects and US$120.34 million in newly registered capital.
In 2024, the British Virgin Islands accounted for 17 new projects with US$586.27 million in newly registered capital.
Foreign direct investment (FDI) from the British Virgin Islands (BVI) into Vietnam has been substantial, making the BVI one of the top sources of foreign investment in the country. However, much of this investment originates from multinational corporations and individuals using the BVI as an offshore financial hub rather than direct investments by BVI-based entities. Sectors benefiting from BVI-linked FDI in Vietnam include real estate, manufacturing, and financial services, often through joint ventures and holding companies.
Vietnam’s favourable investment climate, including tax incentives and streamlined administrative processes, has made it attractive for BVI-registered entities. These entities often use Vietnam as a strategic base for expanding operations in the ASEAN region. Despite concerns over transparency in offshore investments, BVI-linked FDI continues to play a significant role in Vietnam’s economic growth, contributing to job creation, infrastructure development, and industrial expansion. With Vietnam’s sustained economic growth, BVI-linked investment is expected to remain a key component of the country’s FDI portfolio.
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