In December 2024, Turkey registered no new projects but recorded US$20,000 in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a decrease in the number of new projects compared to November, which had 1 new project with no newly registered capital.
In 2024, Turkey invested in 7 new projects with US$763.47 million in newly registered capital.
Foreign direct investment (FDI) from Turkey into Vietnam has been gradually increasing, reflecting the strengthening economic ties between the two countries. Turkish investments are primarily concentrated in sectors such as textiles, construction materials, manufacturing, and energy, leveraging Vietnam’s growing economy, competitive labour costs, and strategic location in Southeast Asia. Turkish companies have also explored opportunities in consumer goods and logistics, aligning with Vietnam’s expanding domestic market and export-driven industries.
The bilateral trade and investment relationship is supported by agreements fostering economic cooperation, including Vietnam’s participation in global trade frameworks that benefit Turkish investors. Vietnam’s emphasis on infrastructure development and its growing demand for industrial and consumer products present further opportunities for Turkish businesses. As the two countries deepen their economic partnership, FDI from Turkey is expected to grow, particularly in areas like manufacturing, renewable energy, and construction, contributing to Vietnam’s continued economic development.
See also: Trade in Vietnam