11 months, FDI attraction reached nearly 29 billion USD

Foreign investment attraction situation in 11 months of 2023

According to the latest report of the Ministry of Planning and Investment on the situation of attracting foreign direct investment (FDI), as of November 20, 2023, the total newly registered capital, adjusted capital, and contributed capital to buy shares and purchase capital contributions (GVMCP) of foreign investors (FDI) reached nearly 28.85 billion USD, up 14.8% over the same period, a slight increase of 0.1 percentage points compared to the first 10 months of 2023. In addition to the adjusted investment capital, new investment capital and GVMCP continued to increase compared to the same period.

Specifically, 2,865 new projects were granted Investment Registration Certificates (up 58.1% over the same period), with total registered capital reaching over 16.41 billion USD (up 42.4% over the same period); 1,152 projects registered to adjust investment capital (up 15.9% over the same period), with total additional investment capital reaching over 6.47 billion USD (down 32.1% over the same period); 3,166 GVMCP transactions of foreign investors (down 4% over the same period), with total contributed capital value reaching nearly 5.97 billion USD (up 46.4% over the same period).

Foreign investors have invested in 18 out of 21 sectors of the national economy. Of which, the processing and manufacturing industry leads with a total investment capital of more than 20.97 billion USD, accounting for nearly 72.71% of the total registered investment capital and increasing by 40.2% over the same period. The real estate business industry ranks second with a total investment capital of more than 2.87 billion USD, accounting for nearly 10% of the total registered investment capital, down 31.4% over the same period. The banking and finance, wholesale and retail sectors rank third and fourth with a total registered capital of more than 1.54 billion USD (nearly 58.5 times) and nearly 1.04 billion USD (increasing by 12.9%), respectively.

In terms of the number of new projects, the manufacturing industry is also the leading industry in terms of the number of new projects (accounting for 32.9%) and capital adjustment (accounting for 54.1%). Wholesale and retail trade leads in the number of GVMCP transactions (accounting for 40.9%).

In the 11 months of 2023, 110 countries and territories invested in Vietnam. Of which, Singapore took the lead with a total investment capital of nearly 5.15 billion USD, accounting for more than 17.8% of the total investment capital in Vietnam, down 10.9% over the same period in 2022; Hong Kong ranked second with more than 4.33 billion USD, accounting for 15% of the total investment capital, more than 2.2 times higher than the same period. Korea ranked third with a total registered investment capital of more than 4.17 billion USD, accounting for nearly 14.5% of the total investment capital, up slightly by 1.2% over the same period. Followed by China, Japan, Taiwan (China)...

In terms of number of projects, China leads in the number of new projects (accounting for 22.1%). South Korea leads in the number of capital adjustments (accounting for 26.2%) and GVMCP (accounting for 27.9%).

Foreign investors invested in 56 provinces and cities across the country in the first 11 months of 2023. Quang Ninh ranked first in terms of attracted investment capital with a total registered investment capital of nearly 3.11 billion USD, accounting for nearly 10.8% of the total registered investment capital, up 42.3% over the same period in 2022. Ho Chi Minh City ranked second with a total registered investment capital of more than 3.08 billion USD, accounting for 10.7% of the total investment capital nationwide, down 12.9% over the same period. Followed by Hai Phong, Bac Giang, Hanoi, etc.

In terms of number of projects, Ho Chi Minh City is the leading locality in the country in terms of number of new projects (38%), number of adjusted projects (25.3%) and GVMCP (66.6%).

Exports (including crude oil) of the FDI sector are estimated at 237.16 billion USD, down 6.9% over the same period, accounting for 73.3% of export turnover. Exports excluding crude oil are estimated at 235.42 billion USD, down 6.8%, accounting for 72.8% of the country's export turnover.

Imports of the FDI sector are estimated at more than 192 billion USD, down 11.1% over the same period and accounting for 64.3% of the country's total import turnover.

Despite the decrease in export turnover in the first 11 months of 2023, the FDI sector still had a trade surplus of 45.1 billion USD including crude oil and nearly 43.4 billion USD excluding crude oil. Meanwhile, the domestic enterprise sector had a trade deficit of more than 20.4 billion USD.

As of November 20, 2023, it is estimated that foreign investment projects have disbursed about 20.25 billion USD, up 2.9% over the same period in 2022, a slight increase of 0.5 percentage points compared to the first 10 months of 2023.

Vietnam's investment situation abroad in 11 months of 2023

In the 11 months of 2023, Vietnam's total newly granted and adjusted overseas investment capital reached more than 395 million USD, equal to 83.3% over the same period in 2022.

Total foreign investment capital in 11 months decreased compared to 10 months (424.34 million USD) because in November, Vietnam Airlines' investment project adjusted its investment capital down by 35 million USD.

Of these, 117 projects were granted new investment registration certificates, with a total registered capital of more than 257.28 million USD (equal to 65% compared to the same period); 24 projects were adjusted with a total investment capital increase of nearly 137.75 million USD (an increase of 75.9% compared to the same period).

Vietnamese investors have invested abroad in 15 sectors. Of which, wholesale and retail led with 40 new investment projects and 7 capital adjustments, with a total registered investment capital of nearly 153.65 million USD, accounting for 38.9% of the total registered investment capital abroad. The information and communication sector ranked second with more than 120.4 million USD, accounting for 30.5%; followed by the electricity production and distribution sectors, agriculture, forestry, fisheries; processing and manufacturing industry; etc.

There are 26 countries and territories receiving investment from Vietnam in the 11 months of 2023. Leading the way is Canada with 1 new investment project and 02 capital adjustments, the total registered investment capital reached nearly 150.3 million USD, accounting for 38% of the total investment capital. Followed by Singapore, Laos, Cuba, etc.

As of November 20, 2023, Vietnam had 1,694 valid overseas investment projects with a total Vietnamese investment capital of nearly 22.1 billion USD. Vietnam's overseas investment is mostly concentrated in the mining sector (31.6%); agriculture, forestry, and fisheries (15.5%). The localities receiving the most Vietnamese investment are Laos (24.8%); Cambodia (13.2%); Venezuela (8.3%).

Wisdom

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