HANOI: With geographic advantages, robust infrastructure and foreign direct investment (FDI) policies, the Red River Delta is emerging as a major draw for foreign capital inflows.
In 2024, the region was home to four of the top five provinces and cities attracting the most FDI nationwide, according to the Planning and Investment Ministry’s Foreign Investment Agency.
These localities include Bac Ninh, Hai Phong, Quang Ninh and Hanoi.
Bac Ninh attracted US$5.1bil, a 138.8% increase from 2023, and ranked first among the 56 localities that received FDI in 2024.
Hai Phong secured US$4.9bil, up 42.4% from 2023, ranked second. Quang Ninh received US$3.04bil, an increase of 10.2%, and ranked fourth. Hanoi brought in US$2.16bil, a 26.7% rise, ranked fifth.
Hung Yen, with nearly US$1.6bil, up 55.9% compared to 2023, rounded out the top 10.
Collectively, these five localities attracted nearly US$16bil, accounting for about 40% of Vietnam’s total FDI in 2024.
Other provinces in the region, including Vinh Phuc, Nam Dinh, Thai Binh and Hai Duong, also showed significant progress.
Vinh Phuc attracted more than US$600mil of foreign capital. Nam Dinh also emerged as a new player, hosting several high-quality FDI projects.
Aside from its advantageous geographical position, experts believe that the Red River Delta’s improving infrastructure will create significant opportunities for FDI in the future.
Planning and Investment Minister Nguyen Chi Dung said that numerous key projects and strategic works are being implemented, facilitating regional connectivity. — Viet Nam News/ANN
