I. FDI INFLOWS OF VIETNAM

As of November 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached more than 25.1 billion USD, equivalent to 95% over the same period in 2021, and up by 0.4 percentage point over the first ten months and by 10.3 percentage point over the first nine months. Although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021 and gradually improvement of global geopolitical tensions, adjusted capital have continued to increase at 18.9%. The capital generated by FDI projects was estimated at 19.68 billion USD, an increase of 15.1% over the same period last year.

Accumulated to November 20, 2022, the whole country has 36,109 valid projects with a total registered capital of over 437.5 billion USD. The accumulated realised capital of foreign investment projects topped 271.3 billion USD, equalling 62% of the total valid registered investment capital.

Details are as follows:

1. FDI attraction in the first eleven months of 2022

1.1. FDI performance:

Realised capital:

As of November 20, 2022, FDI projects were estimated to disburse 19.68 billion USD, up 15.1% year on year.

Import and export performance:

Export: Export (including crude oil) was estimated at 255.1 billion USD, an increase of 14.8% year on year, accounting for 74.5% of export turnover. Export (excluding crude oil) was over 252.9 billion USD, an increase of 14.7% over the same period, accounting for 73.9% of the country’s export turnover.

Import: Imports of foreign investment sector attained more than 217.5 billion USD, up 10.2% year on year and accounting for 65.2% of the country’s import turnover.

In the first eleven months of 2022, the FDI sector saw a trade surplus of nearly 37.6 billion USD including crude oil and 35.4 billion USD excluding crude oil, while the domestic sector had a trade surplus about 28.5 billion USD.

1.2. Investment registration

As of November 20, 2022, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors topped 25.1 billion USD, as much as 95% over the same period in 2021 and increase of 0.4 percentage points from the figure in the past ten months. The adjusted capital continued to increase while newly registered capital decreased over the same period last year.

Of which:

Newly registered capital: There were 1,812 new projects were granted investment registration certificates (a year-on-year increase of 14.9%). The total registered capital stood at 11.5 billion USD (a year-on-year decline of 18% and increase of 5.7 percentage point from the figure in the past ten months).

Adjusted capital: There were 994 projects registering to adjust their investment capital (a year-on-year increase of 13.3%). The total additional registered capital reached approximately 9.54 billion USD (a year-on-year increase of 23.3%).

Capital contribution and share purchase: There were 3,298 capital contributions and share purchases by foreign investors (a year-on-year decline of 4.8%), with the total value of contributed capital reaching 4.08 billion USD (a year-on-year decrease 7%).

(Detailed data in Appendix I attached)

By sector:

Foreign investors poured funds into 19/21 sectors in the national economic classification system, of which the processing and manufacturing industry continued to lead with a total investment of over 14.96 billion USD, accounting for 59.5% of the country’s total capital. Realty estate came next with a total investment 4.19 billion USD, accounting for 16.7% of the total registered investment capital. Followed by electricity production and distribution with 2.26 billion USD, and scientific and technological activities with 1.03 billion USD. The rest were other sectors.

It is also worth noting that wholesale and retail, processing and manufacturing, and scientific and technological activities were the sectors with the largest number of newly-registered projects, accounting for 29.9%, 24.5% and 16.5% of the total, respectively.

By counterpart:

There were 107 countries and territories investing in Vietnam in the first eleven months of this year. Singapore remained Vietnam’s leading source of foreign investment with 5.78 billion USD, making up 23 % of the total FDI registered in the country (a year-on-year decline of 24%). Japan ranked second with over 4.6 billion USD, accounting for 18.3% (a year-on-year increase of 24.4%). Republic of Korea ranked third with a total registered investment capital more than of 4.1 billion USD, accounting for 16.4%. Next were China, Hong Kong, Denmark and so on.

Regarding the number of projects, the RoK topped the list of investors when it comes to the number of newly-registered and capital-adjusted projects in the ten-month period (accounting for 20.7% of new projects, 33.2% of adjusted projects and 34.1% of capital contribution and share purchase).

By location:

The foreign investors had invested in 54 provinces and cities nationwide in the first eleven months of 2022. Ho Chi Minh led the way with approximately 3.54 billion USD registered, making up 14.1% of the total and rising 3.3% over the same period in 2021. Binh Duong ranked second with a total investment capital of over 3.03 billion USD, accounting for 12,1% and up 44.9% over the same period. Quang Ninh ranked third with a total registered investment capital of 2.19 billion USD, accounting for 8.7% and up by 88.9% over the same period in 2021. Next were Bac Ninh, Hai Phong, Thai Nguyen and so on.

In terms of the number of new projects, foreign investors still focused on big cities with convenient infrastructure such as Ho Chi Minh City and Hanoi. In which, Ho Chi Minh City led both in number of new projects (44.5%), capital contributions and share purchases (67.3%) and ranked second in the number of projects registering to adjust investment capital (16.5%, after Hanoi which was 17.9%).

(Detailed data in Appendix II attached)

2. Accumulated foreign investment as of November 20, 2022

Accumulated as of November 20, 2022, the whole country has 36,109 valid FDI projects worth 437.52 billion USD. The accumulated realised capital of FDI projects is estimated at 271.3 billion USD, equalling 62% of the total valid registered investment capital.

- By sector: Foreign investors have invested in 19/21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with 259.2 billion USD, accounting for 59.2% of the total investment capital. It was followed by real estate sector with 66.2 billion USD (representing 15.1%); electricity production and distribution with 38.3 billion USD (or 8.8%).

- By counterpart: There are 141 countries having valid investment projects in. In which, RoK ranked first with a total registered capital of over 80.8 billion USD (accounting for 18.5% of total investment). Singapore ranked second with about 70.75 billion USD (representing for 16.2%). Next were Japan, Taiwan, Hong Kong and so on

- By location: FDI has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City remains the leading province in attracting foreign investment with 55.8 billion USD (accounting for 12.7% of the total investment capital), followed by Binh Duong with 39.6 billion USD (or 9.1% of the total investment capital), Hanoi with above 38.6 billion USD (representing 8.8% of the total investment capital).

(Detailed data in Appendix III attached)

II. FDI OUTFLOWS OF VIETNAM

In the first eleven months of 2022, Vietnam’s total newly-registered and additional investment were 474.1 million USD (equalling 70% year-on-year). Of which, 101 projects were granted newly-registered investment certificates with the total registered investment capital of over 395.81 million USD (1.6 times higher than the same period last year); and 22 projects registered for capital adjustment of 78.3 million USD (equivalent to 18.1% year-on-year).

Vietnamese investors have invested in 14 sectors abroad. Of which, processing and manufacturing took the lead with 13 newly-registered projects and 4 times of capital adjustment, with total registered capital of 236.4 million USD, accounting for 49.9% of the total. Next came real estate sector with 01 new projects and 01 times of capital adjustment worth 42.8 million USD, representing 9%; followed by mining sector, wholesale and retail and so forth.

There were 27 countries and territories receiving investment from Vietnam in the first eleven months of 2022. Leading is Singapore with 20 newly-registered and 03 capital-adjusted projects worth 79.5 million USD, accounting for 16.8% of the total investment capital. Laos ranked second with 70 million USD, representing 14.8% of total investment capital. Followed by the US, Germany and Netherlands.

Accumulated as of November 20, 2022, Vietnam had 1,604 valid aboard investment projects with total registered investment capital of above 21.68 billion USD. In which, there are 139 projects of state-owned enterprises with a total investment of nearly 11.6 billion USD, accounting for 53.5% of the country’s total investment capital.

Vietnam’s investment aboard focuses mainly in: mining (32.1%); agriculture, forestry and fishery (15.9%). The areas receiving the most investment from Vietnam were Laos (24.6%); Cambodia (13.6%); and Venezuela (8.4%)./.

(Detailed data in Appendix IV and V attached)

Translated by Bao Linh

Ministry of Planning and Investment