Outbound foreign direct investment from Vietnam in the first eight months of 2024 was down 64.6 percent compared to the first eight months if 2023, totalling just US$147.3 million, according to the Ministry of Planning and Investment. This included adding funds to 17 existing projects as well as launching 75 new projects.
Mining, processing and manufacturing, and retail were the biggest recipients accounting for 39.8, 19.7, and 16.8 percent, respectively.
These investments have mostly been concentrated in the Netherlands, Laos, the UK, and the USA accounting for 37.1, 25.78, 13.4, and 12.7 percent of these investments, respectively.
This contrasts significantly to foreign direct investment inflows into Vietnam. As of August 20, a total of US$20.5 billion in registered capital had been recorded mostly from Singapore, Japan, and Hong Kong.
See also: Vietnam FDI Source Country Tracker: July Update [data set]