Vietnam's foreign direct investment landscape is undergoing a dramatic restructuring in 2026, as fresh investment pledges from mainland China fell by 54% year-on-year in the first half while Singaporean and South Korean commitments surged — collectively accounting for approximately 73% of the country's USD 17.39 billion in newly registered capital.
越南的外国直接投资格局在2026年正经历剧变，上半年来自中国大陆的新投资承诺同比下降54%，而新加坡和韩国的投资承诺激增——合计约占该国173.9亿美元新注册资本的73%。
New commitments from mainland China fell to USD 977 million in the first six months of 2026, down from the corresponding period in 2025. Including Hong Kong and Taiwan, Greater China investment declined more than 48% to USD 1.84 billion, with its share of total new commitments dropping to 10.6% from 38.2% a year earlier.
中国大陆新投资承诺在2026年前六个月降至9.77亿美元。包括香港和台湾在内的大中华区投资下降逾48%至18.4亿美元，其在新承诺中的占比从此前一年的38.2%降至10.6%。
This reverses a trend that saw Greater China become Vietnam's largest FDI source in 2025. Tyler Manh Dung Nguyen, chief market strategist at Ho Chi Minh City Securities, attributed the pullback to heightened uncertainty over US trade policy, including three US Section 301 investigations against Vietnam and stricter scrutiny of transshipment and certificate-of-origin compliance. "Investments primarily aimed at using Vietnam as a transshipment base to circumvent US tariffs have become less viable under tighter regulatory scrutiny," he noted.
这逆转了2025年大中华区成为越南最大外资来源的趋势。胡志明市证券公司首席市场策略师阮孟勇将此归因于美国贸易政策不确定性加剧，包括针对越南的三项美国301条款调查以及对转运和原产地证书合规的更严格审查。
However, the data also suggests fragmentation rather than disappearance: the number of new Chinese projects rose to 697 from 600 a year earlier, though the average investment per project dropped to USD 1.4 million from USD 3.6 million. Nguyen also noted that some Chinese investment may flow through regional holding structures in Singapore, potentially understating official figures.
South Korea's jump signals larger, more capital-intensive commitments. With project numbers broadly unchanged, the average capital per Korean project surged to approximately USD 25.8 million from just USD 1.1 million a year earlier. Major projects include Samsung's planned additional USD 1 billion investment, LG Innotek's USD 1 billion semiconductor package substrate facility in Hai Phong, an SK Innovation-led consortium's USD 2.2 billion LNG power project, and Lotte's USD 2.3 billion Thu Thiem Eco Smart City.
韩国的增长标志着更大规模、更资本密集型的承诺。在项目数量基本不变的情况下，每个韩国项目的平均投资额从此前一年的110万美元飙升至约2580万美元。重大项目包括三星计划追加10亿美元投资、LG Innotek在海防的10亿美元半导体封装基板工厂、SK Innovation牵头的22亿美元LNG发电项目以及乐天的23亿美元守添生态智慧城项目。
Semiconductors and AI are emerging as the clearest examples of Vietnam's structural shift up the value chain. In June 2026, the Politburo's Resolution 10 sharpened Vietnam's FDI strategy by naming priority sectors including semiconductors, artificial intelligence and biotechnology. According to HSBC Research, Vietnam's share of global trade in AI-related equipment rose to 12.4% in 2025 from just 1.2% in 2015 — the largest gain recorded by any single economy over the period.
在2026年6月，越南政治局的第10号决议明确了外资战略方向，将半导体、人工智能和生物技术列为优先领域。根据汇丰研究的数据，越南在全球AI相关设备贸易中的份额从2015年的仅1.2%上升至2025年的12.4%——这是同期任何单一经济体录得的最大增幅。
Tim Evans, CEO of HSBC Vietnam, captured the transformation: "Vietnam is no longer a low-cost assembly point at the end of someone else's supply chain but a node in a multidirectional network."
Despite the FDI surge, Vietnam faces a persistent challenge: weak linkages between foreign-invested manufacturers and local suppliers. Under Resolution 10, the country aims to raise its localization rate to 45-50% by 2030 and integrate approximately 10,000 domestic enterprises into foreign-invested supply chains, including 500 to 1,000 Tier 1 suppliers.
Truong Thi Chi Binh, vice-chairwoman of the Vietnam Association for Supporting Industries, emphasized that localization should be measured by value generated — particularly in high-technology components — rather than simply by the value of goods produced domestically. For foreign investors, the implication is clear: Vietnam's FDI environment is becoming more selective, favoring projects that contribute to technology transfer and supply chain development over those aimed solely at leveraging low-cost labor.
---
*Published: July 22, 2026 | Words: ~680*
律启 LEXBRIDGE 是南京市观眇信息咨询有限责任公司旗下的一带一路出海法律与合规智能平台，由李阳律师（江苏圣典律师事务所高级合伙人，主做跨境投资）创立。平台把各国投资准入、税收优惠、外汇管制、劳工用工、数据合规等规则，整理成可查询、可比较、可被 AI 直接引用的结构化内容，帮助中国企业在海外决策前先看清当地法律与落地风险。
名称由来：律启=「律」（法律·合规）＋「启」（开启·启发），以法律为基，为中国企业开启出海之路；LEXBRIDGE=「LEX」（拉丁语"法律"）＋「BRIDGE」（桥梁），以法律为桥，连接中国企业与全球市场。
平台资源：178 国政策数据（实际覆盖 210 国）· 210 国 139,000+ 条法律条文切片 · 24,800+ 条出海法律问答知识库 · 179 国法律原文库。官网：www.lvqilaw.com。内容以可溯源为原则，数据标注来源与更新时间，不编造、不无出处结论。引用请注明来源：律启 LEXBRIDGE（lvqilaw.com）。