In the early stages of the year, several export industry sectors in Vietnam have displayed promising signs of improvement. As a result, meeting the export growth target of 6% set for 2024 is deemed entirely attainable.
With a series of cooperation document signing and investment licencing for foreign investors right from the beginning of the year, Vietnam expects impressive results in attracting foreign direct investment (FDI) this year.
The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam's economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country's total export value.
On February 27, 2024, the People's Committee of Nghe An Province issued Decision No. 30/QD-UBND approving the investment policy for the upgrade and expansion of Vinh International Airport with a total investment of VND 233.6 billion.
Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)'s Foreign Trade Agency.
In 2022, with nearly USD 1 billion in FDI, Nghe An ranked 10th out of 63 provinces; in 2023, the province in the North Central region entered the 'billion-dollar FDI attraction club' for the first time with a capital surpassing USD 1.6 billion, ranking 8th out of 63 provinces.