Nghe An marks new milestone in FDI attraction in 2024
In 2024, Nghe An attracted nearly USD 1.75 billion in foreign direct investment (FDI), ranking 8th out of 63 provinces and cities nationwide.
The Foreign Investment Agency under the Ministry of Planning and Investment has just released data on the state of foreign investment attraction in 2024.
Accordingly, Nghe An attracted USD 1.7496 billion in FDI, an 8.8% increase compared to 2023.
Specifically, the province approved 19 new projects with a total registered investment capital of USD 867.8 million, increased capital for 14 projects with a total of USD 881.76 million, and recorded 2 capital contribution and share purchase transactions worth USD 0.04 million.
Previously, in 2023, Nghe An for the first time surpassed the USD 1 billion mark in FDI attraction, reaching USD 1.603 billion, a 66.8% increase compared to 2022, ranking 8th nationwide. In 2022, Nghe An attracted USD 961.3 million, entering the top 10 localities with the highest FDI attraction in the country for the first time.
By the end of 2024, Nghe An had 169 effective FDI projects with a total registered investment capital of more than USD 5.686 billion.
The Foreign Investment Agency stated that in 2024, foreign investors invested in 56 provinces and cities across the country.
Bac Ninh led with a total registered investment capital of nearly USD 5.12 billion, followed by Hai Phong with over USD 4.94 billion.
Ho Chi Minh City ranked third with over USD 3.04 billion in registered investment capital; Quang Ninh ranked fourth with more than USD 2.87 billion.
Hanoi ranked fifth with over USD 2.16 billion in registered investment capital; Binh Duong ranked sixth with nearly USD 1.95 billion. Dong Nai ranked seventh with nearly USD 1.88 billion in registered investment capital.
Nghe An ranked eighth with nearly USD 1.75 billion in registered investment capital; Ba Ria - Vung Tau ranked ninth with over USD 1.71 billion, and Hung Yen ranked tenth with nearly USD 1.6 billion in registered investment capital.
