SUMMARY REPORT IMPLENTATION SITUATION OF INDUSTRIAL PROJECTS IN VIETNAM IN NINE MONTHS OF 2025

October 31, 2025October 31, 2025 #industrial, #industrial, #report, #report

Vietnam’s macroeconomic overview first nine months 2025

In the first three quarters (3Q) of 2025, Vietnam’s GDP grew by 7,85%, slightly below the 8,83% expansion recorded in the same period of 2022 and closely aligned with the annual growth target of 8%. Notably, the Industry & Construction sector continued to be the primary growth driver, expanding by about 8,7% in 3Q 2025 and contributing 43,05% to total value added, and by 9,5% in Q3 2025, exceeding the 9,1% recorded in the same period of 2024.

FDI inflows into Vietnam have continued to maintain a growth trend, with total capital reaching USD 28.54 billion, up 15.2% compared to the same period in 2024.

Newly registered capital amounted to USD 12,39 billion across 2.956 projects, representing a 17,4% increase in project numbers but an 8,6% decline in capital value, indicating rising investor interest in smaller-scale new projects.

Notably, adjusted capital reached USD 11.32 billion, a sharp increase of 48%, reflecting the strong investment expansion confidence of existing enterprises. Capital contributions and share purchases amounted to USD 4.83 billion, up 35%, mainly in the manufacturing and processing sector (37%).

In the first nine months of 2025, foreign trade was one of the key bright spots of the economy, with strong growth recorded in both exports and imports, resulting in a trade surplus. Specifically, total import-export turnover reached USD 680.2 billion, up 17.6% compared to the same period in 2024. The compound annual growth rate (CAGR) of trade turnover from Q1 to Q3 2025 stood at 10.7%, the highest level for the same period during 2021–2025.

In the manufacturing and processing sector, the first nine months of 2025 saw 19,473 new enterprises established, up 32%, while the number of businesses resuming operations increased by 48.8%, indicating an improving business environment. However, the dissolution rate (up 50.4%) and the temporary suspension rate (up 15.3%) remained high, reflecting ongoing challenges such as weak demand, intense competition, and the impact of trade policies.

Situation of newly registered FDI attraction Q3 2025 & the first nine months of 2025

In 2025, FDI inflows into Vietnam gradually declined across the quarters. However, Q2 still recorded a sharp increase in the number of projects — up 41% from the previous quarter and over 60% year-on-year — mainly in the Plastics & Rubber, Fabricated Metals, and Electronics sectors. These projects were generally small-scale and rented ready-built factories. By Q3, following the enforcement of the U.S. 20% tax (effective August 7, 2025), the number of projects dropped by more than 35%. Nevertheless, thanks to political stability, a strategic location, and a resilient macroeconomic foundation, Vietnam has remained attractive to FDI and continues to play a key role in global supply chains.

According to HOUSELINK data, in the first nine months of 2025, nearly 62% of FDI projects opted to lease ready-built factories, an increase of more than 10% compared to the same period last year. This trend became particularly evident as the share of leased factories rose from 50.8% in Q1 to 73.5% in Q3, driven by reasonable costs and low risk, making it well-suited for small-scale investments and flexible production relocation.

Situation of FDI attraction in industrial construction projects

In the first three quarters of 2025, industrial manufacturing investment showed a declining trend across most indicators compared to the same period last year. Total investment value recorded the sharpest drop of 35.3%, while both the number of projects and leased land area fell by 8.6%, mainly because the FDI sector focused on smaller-scale projects and leasing ready-built factories instead of land. In Q3 2025 alone, the number of projects declined by 18.1% and total investment by 16%, but the leased land area surged by 163.1%, driven by several large-scale expansion projects in southern Vietnam.

Meanwhile, the domestic-invested (DDI) and joint venture (JV) sectors stood out with strong growth in projects involving factory construction, increasing by 14% and 57%, respectively. In contrast, although the FDI sector saw a rise in total project numbers, the number of projects with actual construction fell by 23%, marking the second consecutive year of decline.

In terms of cumulative total investment, DDI dropped by 46% and FDI by 32%, while JV surged by nearly 650%, driven by large-scale projects in logistics, agriculture, automotive, and data centers. This indicates that in the first three quarters of 2025, the overall investment landscape remained cautious — with weaker FDI performance, but DDI and JV sectors playing an increasingly crucial role in substantive, on-the-ground projects.

Situation of industrial projects under pre-construction in the first nine months of 2025

Projects under preparation for construction were concentrated mainly in northern Vietnam. Among these, DDI projects ranked first in total investment value, while FDI projects led in the number of projects.