Morning news 10-27: Foreign capital in Vietnam increased by 14.7%; Thai Airways 'reunites' with Vietnam

Some notable news: Foreign investment capital in Vietnam reached more than 25.7 billion USD; Vietnam earned 3.2 billion USD from fiber exports; Shrimp exports increased sharply in the last months of the year...

Workers of Telstar Vietnam Co., Ltd., Van Trung Industrial Park, Bac Giang (British investment) on the electronic equipment production line - Photo: VNA

Foreign investment in Vietnam reaches over 25.7 billion USD

According to data just released by the Foreign Investment Agency ( Ministry of Planning and Investment ), as of October 20, total registered foreign investment capital in Vietnam reached more than 25.76 billion USD, an increase of 14.7% over the same period.

This is the highest increase since the beginning of the year, 7 percentage points higher than the increase of 9 months.

Of these, 2,608 new projects were granted investment registration certificates, with total registered capital reaching more than 15.29 billion USD, an increase of 66.1% in the number of projects and 54% in capital compared to the same period.

There were 1,051 projects registering to adjust investment capital, with the total additional capital reaching more than 5.33 billion USD, an increase of 19.4% in the number of projects but a decrease of 39% in capital compared to the same period.

In addition, there were 2,836 capital contribution and share purchase transactions by foreign investors, although down 5.4% over the same period in terms of number of transactions, but up 35.4% in terms of capital, reaching more than 5.13 billion USD.

New investment projects are still focused on provinces and cities with many advantages in attracting foreign investment, such as Quang Ninh, Hai Phong, Hanoi , Ho Chi Minh City, Bac Giang, Binh Duong, etc.

Vietnam earns 3.2 billion USD from fiber exports

According to statistics, by the end of the third quarter of 2023, Vietnam exported 1.3 million tons of fiber, earning 3.2 billion USD, up 9.3% in volume but down 13.8% in value compared to the same period in 2022.

China is still Vietnam's largest fiber export market . In September, Vietnam exported 77,459 tons of fiber to this market, worth more than 203 million USD.

In the first 9 months of 2023, exports to the Chinese market reached 647,862 tons of fiber, earning more than 1.71 billion USD, up 18.1% in volume but down 2.1% in value compared to the same period in 2022.

South Korea is the second largest export market for Vietnamese fiber. In September 2023, exports of this item to South Korea reached 10,898 tons, worth more than 30 million USD, up 0.6% in volume and 2.8% in value compared to August 2023.

In the first 9 months, total exports reached 101,880 tons of fiber, earning more than 284 million USD, down 5.78% in volume and 24.2% in value compared to the same period in 2022.

The US is the third largest market. In the first 9 months, Vietnam exported 75,483 tons of fiber to the US, worth more than 108 million USD, down 13.8% in volume and 29.4% in value compared to the same period.

Shrimp exports increase sharply at the end of the year

After many months of slow operations, shrimp exports increased sharply in the last 3 months of the year.

Mr. Vo Van Phuc - General Director of Vietnam Clean Seafood Joint Stock Company, said that since the beginning of September, shrimp exports to traditional markets have increased by about 40% compared to the same period.

The reason, according to Mr. Phuc, is that inventories in many countries have run out, and shrimp exports are forecast to continue to grow positively in the last month of the year.

Although it is the off-season, the price of raw shrimp has not increased significantly - Photo: KHAC TAM

Usually, when shrimp export value increases strongly, the price of raw shrimp will increase accordingly. However, in the largest shrimp farming area in the country, the Mekong Delta, the price of raw shrimp has only increased slightly recently.

Mr. Ly Thuan, a shrimp buyer in Soc Trang, said that although it is the off-season and there is not much shrimp left, the price fluctuations are not significant. According to Mr. Thuan, depending on the size of the shrimp, the current price has only increased by 5,000 - 10,000 VND/kg compared to two months ago.

Vietnamese passengers skyrocket, Thai Airways reopens flights with   Vietnam

In the first 10 months of the year, nearly 900,000 Vietnamese tourists visited Thailand. Bangkok (Thailand) has always been in the top 10 international destinations most searched by Vietnamese tourists for holidays since the COVID-19 pandemic.

Plane of Thailand's national airline, Thai Airways - Photo: TTRW

In response to this demand, from October 29, Thai Airways officially reopened flights from Bangkok to Hanoi and Ho Chi Minh City with a frequency of 4 flights per day.

With the current growth rate, it is estimated that the number of Vietnamese tourists to Thailand could reach 1.2 - 1.3 million in the next two years.

After the epidemic, ticket prices to Thailand increased by about 5-10% compared to before, but this is still a flight route that is considered to have reasonable prices and world-class destination services.

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