Statistics for the first 11 months of 2024 show that Ho Chi Minh City, Binh Duong, Ba Ria – Vung Tau, and Dong Nai, located in the Southeast region, are among the TOP 10 provinces with the highest total registered foreign investment in the country. Long An and Tay Ninh have also achieved notable results, ranking 13th and 18th, respectively.
Impressive Figures
In the southern provinces, particularly in the Southeast region, Ho Chi Minh City has always played a leading role in attracting foreign direct investment (FDI). By the end of November, the city ranked third with a total registered investment of over $2.28 billion, accounting for nearly 7.3% of the country’s total investment. Remarkably, Ho Chi Minh City leads the nation in the number of new projects (1,285 projects, representing 42.3%) and the number of capital adjustment projects (14.7%).
Ranked 6th in the Top 10 for FDI attraction is Binh Duong, the “industrial hub.” In the first 11 months of 2024, the province attracted over $1.82 billion in investment (up 19.3% compared to the same period in 2023), surpassing its annual target. Binh Duong recorded 184 new investment projects and 160 projects with increased capital. As of November 2024, Binh Duong has accumulated nearly $42.4 billion in total FDI from 4,378 active projects, accounting for 8.5% of foreign capital in Vietnam.

Ranked 7th in the Top 10 is Ba Ria – Vung Tau, which attracted over $1.7 billion in FDI in the first 11 months of the year. This includes 35 newly registered projects with a total capital of $1.68 billion, indicating the large scale of these projects.
Dong Nai ranked 8th, attracting $1.665 billion in FDI, up 18.8% compared to the same period in 2023. This includes 93 newly licensed projects with a total registered capital of $901 million and 87 projects with nearly $378 million in additional capital.
Notably, Long An has emerged as a bright spot for FDI in southern provinces in 2024. Ranked 13th, Long An attracted over $829 million in the first 11 months of this year, up 12.4% compared to the same period in 2023. This includes 110 newly licensed projects with a total registered capital of over $520 million.
Tay Ninh ranks 18th with $559.6 million in FDI, including 33 newly licensed projects with a total registered capital of $245.31 million.
Particularly, Tien Giang is another standout for FDI attraction in southern provinces. Surpassing Binh Phuoc to rank 22nd, Tien Giang attracted over $307.7 million in the first 11 months of this year (an increase of over 790% compared to the same period). This includes 5 new projects with a total registered capital of $26.7 million and 8 projects with an additional $280 million in capital.
Continuous Improvement of Business Environment and Investment Attraction
Ho Chi Minh City has achieved these positive FDI results due to its strategic geographical location, robust infrastructure, and a large pool of skilled labor. The city has also made significant efforts to improve its business environment, enhance economic governance, and simplify administrative procedures, ensuring businesses can stabilize and develop their operations effectively.

Additionally, the city actively attracts strategic investors by improving technical infrastructure and diversifying promotional efforts through business meetings, investor conferences, and seminars. The city authorities have consistently listened to the concerns of businesses and economic experts, aiming to attract more significant, high-profile projects in fields such as semiconductors, advanced technologies, new materials, and clean energy.
In Binh Duong, the focus has shifted towards high-tech projects, green production, and advanced technologies, contributing to the transformation of its growth model. The province has streamlined administrative procedures and improved the investment environment to create the best conditions for businesses to operate effectively.
Furthermore, Binh Duong has invested in green industrial parks to attract large investors from developed economies. For instance, the Vietnam-Singapore Industrial Park III (VSIP III) is considered a model green industrial park with synchronized, smart, and eco-friendly infrastructure. The green and sustainable development of VSIP III has attracted significant corporations like Lego and Pandora. In early November 2024, Lego conducted trial operations of its facilities, preparing for full-scale production by early 2025.
Ba Ria – Vung Tau has also capitalized on its advantages in seaports and tourism by promoting infrastructure investment, developing green industrial parks, and leveraging its status as home to the country’s largest seaports. The province has issued attractive policies to selectively attract foreign investors.
Ba Ria – Vung Tau has prioritized developing regional and intra-provincial transportation networks, including projects like the coastal road from Vung Tau to Binh Thuan (DT 994), the Bien Hoa – Vung Tau expressway, and the Phuoc An bridge. Moreover, the province has been working on establishing logistics centers and international transshipment ports at Cai Mep – Thi Vai and has proposed large-scale industrial, service, and urban complexes in Phu My. The focus is on skilled labor training, restructuring industries for higher productivity, and enhancing quality and competitiveness.
These efforts make Ba Ria – Vung Tau an attractive destination for foreign investors. The province plans to continue selectively attracting investment, emphasizing high-tech and green industries, clean energy, renewable energy, and environmentally friendly sectors such as logistics, mechanical engineering, and tourism.