According to data from the General Statistics Office, total realized foreign direct investment (FDI) in Vietnam increased by 15.1% after 11 months compared to the same period last year, reaching the highest level in the past 5 years. The processing and manufacturing industry continues to lead in attracting FDI.
Manufacturing continues to lead in FDI pick-up (Photo: Nhu Y)
In which manufacturing and manufacturing reached USD 15.52 billion, accounting for 78.8% of total foreign direct investment capital generated. The real estate business and the production and distribution of electricity, gas, hot water, steam and air conditioning all reached about 1.4 billion, accounting for 7.3%.
Total foreign direct investment in Vietnam was USD 25.14 billion as of November 20, 2022, down 5% from the same period last year. Explaining the decrease in overall FDI invested in Vietnam, the Foreign Investment Department said that compared to October 2022, FDI capital has improved when foreign investors promote project registration procedures.
Newly registered capital recovered markedly with a 14.9% increase in the number of projects (1,812 projects) and an 18% decrease in registered capital (USD 11.52 billion), significantly below the level of registered capital, a decline of 23.7% in 10 months.
According to the Foreign Investment Agency, excluding the two large-scale projects that received investment certificates in the last 11 months of last year, Long An LNG Power Project I, II with an investment capital of USD 3.1 billion and O Mon II Thermal Power Project with a registered capital of USD 1.3 billion, new registered investment capital in 11 months of 2022 increased by 19.3% over the same period.
Together with the new registered capital, 994 projects were registered in 11 months to adjust investment capital (an increase of 13.3% in the same period), with the total additional registered capital reaching almost USD 9.54 billion (an increase of 23.3% in the same period).
According to the Foreign Investment Agency, capital adjustment continues to maintain its growth momentum, signaling to reaffirm foreign investor confidence in Vietnam’s economy and investment climate.
Meanwhile, after 11 months, total investments through capital inflows and share purchases fell 7% over the same period to nearly USD 4.08 billion. The number of times foreign investors contributed capital and bought shares was also only 3,298 times, a decrease of 4.8% over the same period.
In terms of total newly registered FDI capital, the manufacturing and manufacturing industry continued to hold the “champion position” in attracting FDI with a registered capital of USD 6.52 billion, accounting for 56.6% of the total newly registered capital; production and distribution of electricity, gas, hot water, steam and air conditioners reached USD 2.1 billion, accounting for 18.2%; the other industries reached USD 2.9 billion, accounting for 25.2%.
In terms of investment partners, Singapore leads with a total investment of nearly USD 5.78 billion, accounting for 23% of total investment capital in Vietnam, a decrease of 24% compared to the same period in 2021. Japan ranks second with more than USD 4.6 billion, representing 18.3% of total investment capital, up from 24.4% over the same period. Korea ranks third, followed by China, Hong Kong (China), Denmark,…
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