Foreign direct investment (FDI) registered in Vietnam in the first five months decreased by only 7.3% compared to the same period last year, while disbursed capital was estimated at 7.56 billion USD, down only 0.8%.
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| After 5 months, the situation of attracting FDI into Vietnam has improved significantly. (Source: VnEconomy) |
According to data just released by the Foreign Investment Agency (Ministry of Planning and Investment), as of May 20, 2023, the total registered foreign investment capital in Vietnam reached nearly 10.86 billion USD, down only 7.3% over the same period last year. Of which, newly registered capital reached more than 5.26 billion USD, up 27.8% over the same period; adjusted capital reached 2.28 billion USD, down 59.4% over the same period; and investment capital through capital contribution and share purchase reached nearly 3.32 billion USD, up 67.2% over the same period. Thus, after 5 months, the situation of attracting foreign investment in Vietnam has improved significantly. Specifically, new investment capital has increased more strongly than the increase in the first 4 months of the year (the increase in 4 months was 11% - PV). Along with that, the number of new investment projects continued to increase slightly by 1.2 percentage points compared to 4 months and increased sharply compared to the same period (up 66.4%). According to the Foreign Investment Agency, the fact that the growth rate of the number of new projects is greater than the growth rate of total investment capital shows that small and medium-sized foreign investors continue to be interested in and confident in Vietnam's investment environment and have made new investment decisions. "Large corporations are currently cautious, carefully considering continuing to invest heavily in Vietnam in the context of the impact of the global minimum tax policy," the Foreign Investment Agency continued to make such an assessment. Data from the Foreign Investment Agency shows that projects with an investment capital scale of less than 1 million USD account for nearly 70% of new projects, but the total investment capital only accounts for nearly 2.2% of the total newly registered investment capital in 5 months. Meanwhile, adjusted investment capital decreased compared to the same period last year (down 59.4%), due to the lack of large capital adjustment projects, but the decrease has improved compared to the first months of the year. The number of projects adjusting capital also increased more strongly (up 22.8% compared to the same period last year) instead of increasing 19.5% in 4 months, increasing 2.6% in 3 months and decreasing 6.3% in the first 2 months of the year. "This affirms investors' confidence in Vietnam's investment environment, so they continue to make decisions to expand existing projects," the Foreign Investment Agency commented. Another clear improvement is that investment capital through capital contribution and share purchase continued to increase compared to the same period last year. This strong increase was mainly due to the Japanese investor's share purchase project at VPBank, with a total transaction value of up to 1.5 billion USD. Not only registered capital, but also disbursed capital has improved. According to the Foreign Investment Agency, in the first 5 months, disbursed foreign investment capital was estimated at 7.56 billion USD, although still down 0.8% compared to the same period, but the decrease has improved compared to the beginning of the year. Data from the Foreign Investment Agency shows that in the past 5 months, foreign investors have 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. The financial and banking industry 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. Real estate, professional activities, science and technology ranked 3rd and 4th, with total registered capital reaching nearly 1.16 billion USD (down 61.3%) and nearly 481 million USD (up 28.3%), respectively. The rest are other industries. In terms of investment partners, in the first 5 months of the year, there were 82 countries and territories investing in Vietnam. Of which, 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% compared to the same period in 2022; 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. Meanwhile, 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 (China), Hong Kong (China), South Korea... In terms of location, Hanoi is leading with a total registered investment capital attracting nearly 1.87 billion USD, accounting for nearly 17.2% of the total registered investment capital and increasing nearly 2.7 times over the same period in 2021. Ranked second is Bac Giang, with a total registered investment capital of more than 1 billion USD, accounting for more than 9.4% of the total investment capital nationwide, increasing nearly 2.4 times over the same period. Followed by Ho Chi Minh City, Binh Duong, Dong Nai...
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