5 months, newly registered FDI capital increased sharply

Total registered capital in 5 months reached more than 5.26 billion USD, up 27.8% over the same period in 2022.

Illustration photo.

According to the Foreign Investment Agency, Ministry of Planning and Investment, in the first five months of the year, Vietnam attracted 962 new foreign direct investment (FDI) projects, an increase of 66.4% in the number of projects compared to the same period last year.

"The growth rate of new projects is greater than the growth rate of total investment capital, which shows that small and medium-sized foreign investors continue to be interested in and confident in Vietnam's investment environment and make new investment decisions. Meanwhile, large corporations are currently cautious and carefully considering continuing to invest heavily in Vietnam in the context of the impact of the global minimum tax policy that will be applied in 2024," said the Foreign Investment Agency.

Specifically, as of May 20, 2023, the total newly registered capital, adjusted capital, and capital contribution to buy shares and capital contributions by foreign investors reached nearly 10.86 billion USD, down 7.3% over the same period last year but up 10.6 percentage points over the first 4 months of the year.

Although FDI attraction in the first five months still decreased compared to the same period last year, the decrease has narrowed as new investment capital and capital contribution to buy shares increased more strongly than the same period.

Specifically, 962 new projects were granted investment registration certificates, up 66.4% over the same period with total registered capital reaching more than 5.26 billion USD, up 27.8% over the same period and 1,278 capital contribution transactions to buy shares, down 5.6% over the same period but the total value of contributed capital reached nearly 3.32 billion USD, up 67.2% over the same period.

According to the Foreign Investment Agency, in contrast to the increase in new investment capital and capital contribution to buy shares, the additional capital decreased quite sharply when there were 485 projects registering to adjust investment capital, an increase of 22.8% over the same period with the total additional investment capital of only nearly 2.28 billion USD, a decrease of 59.4% over the same period.

In terms of investment, foreign investors invested in 18 out of 21 sectors of the national economy; of which, the processing and manufacturing industry took the lead with a total investment capital of more than 6.64 billion USD, accounting for 61.2% of the total registered investment capital and down 2.5% compared to the same period last year.

The finance and banking sector ranked second with a total investment capital of more than 1.53 billion USD, accounting for more than 14.1% of the total registered investment capital and increasing more than 12 times compared to the same period last year. The real estate business, professional activities, and science and technology sectors ranked third and fourth with a total registered capital of nearly 1.16 billion USD, down 61.3% and nearly 481 million USD, up 28.3% compared to the same period last year.

In the first 5 months of 2023, 82 countries and territories invested in Vietnam. Singapore led with a total investment capital of more than 2.53 billion USD, accounting for more than 23.3% of the total investment capital in Vietnam, down 14.3% over the same period last year; Japan ranked second with nearly 2.1 billion USD, accounting for nearly 19.1% of the total investment capital, nearly 2.2 times higher than the same period. China ranked third with a total registered investment capital of nearly 1.61 billion USD, accounting for 14.8% of the total investment capital, up 41.9% over the same period. Followed by Taiwan, Hong Kong (China), South Korea...

However, in terms of the number of projects, Korea leads the country in the number of new projects (accounting for 17.4%), the number of capital adjustments (accounting for 25.2%) and capital contributions to buy shares (accounting for 28.5%).

By investment location, foreign investors have invested in 50 provinces and cities across the country.

Notably, in the first 5 months of the year, it is estimated that foreign investment projects disbursed about 7.65 billion USD, down 0.8% over the same period in 2022, but up 0.4 percentage points over the first 4 months of the year.

According to vtv.vn

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