As of October 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached more than 22.46 billion USD, equivalent to 94.6% over the same period in 2021 and up by 9.9 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, capital contribution and share purchases have continued to increase at 23.3% and 4.5% respectively. The capital generated by FDI projects was estimated at 17.45 billion USD, an increase of 15.2% over the same period last year.
Accumulated to September 20, 2022, the whole country has 35,895 valid projects with a total registered capital of over 435.2 billion USD. The accumulated realised capital of foreign investment projects topped 269 billion USD, equalling 61.9% of the total valid registered investment capital.
Details are as follows:
1. FDI attraction in the first ten months of 2022
1.1. FDI performance:
As of October 20, 2022, FDI projects were estimated to disburse 17.73 billion USD, up 15.2% year on year and decline 5.7 percentage points from the figure in the past nine months.
Import and export performance:
Export: Export turnover of the foreign investment sector continued to increase in the first ten months of 2022. Export (including crude oil) was estimated at 233.4 billion USD, an increase of 17.3% year on year, accounting for 74.4% of export turnover. Export (excluding crude oil) was 231.6 billion USD, an increase of 17.3% over the same period, accounting for 73.8% of the country’s export turnover.
Import: Imports of foreign investment sector attained 199.6 billion USD, up 12.9% year on year and accounting for 65.2% of the country’s import turnover.
In the first ten months of 2022, the FDI sector saw a trade surplus of more than 33.7 billion USD including crude oil and 32 billion USD excluding crude oil, while the domestic sector had a trade surplus about 26 billion USD.
1.2. Investment registration
As of October 20, 2022, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors reached over 22.46 billion USD, as much as 94.6% over the same period in 2021 and increase of 9.9 percentage points from the figure in the past nine months. The adjusted capital and capital contributions and share purchases increased while newly registered capital continued to decrease over the same period last year.
Newly registered capital: There were 1,570 new projects were granted investment registration certificates (a year-on-year increase of 14.2%). The total registered capital reached 9.93 billion USD (a year-on-year decline of 23.7% and increase of 19.3 percentage point from the figure in the past nine months).
Adjusted capital: There were 880 projects registering to adjust their investment capital (a year-on-year increase of 13.4%). The total additional registered capital reached over 8.74 billion USD (a year-on-year increase of 23.3%).
Capital contribution and share purchase: There were 2,997 capital contributions and share purchases by foreign investors (a year-on-year decrease of 2.2%), with the total value of contributed capital reaching 3.79 billion USD (a year-on-year increase 4.5%).
(Detailed data in Appendix I attached)
Foreign investors poured funds into 18/21 sectors in the national economic classification system, of which the processing and manufacturing industry continued to lead with a total investment of over 12.9 billion USD, accounting for 57.5% of the country’s total capital. The real estate sector ranked second with a total investment capital of more than 3.87 billion USD, accounting for 17.2% of total registered investment capital. Next came electricity production and distribution, and science and technology were with 928 million USD and 8539 million USD, respectively. The rest were other sectors.
However, in terms of the number of new projects, wholesale and retail, processing and manufacturing, and science and technology attracted the most projects, accounting for 29.9%, 24.8% and 16.7% of the total, respectively.
There were 103 countries and territories invested in Vietnam in the first ten months of this year. Singapore remained Vietnam’s leading source of foreign investment with above 5.34 billion USD, making up 23.8% of the total FDI registered in the country (a year-on-year decline of 21.1%). Japan ranked second with over 4.19 billion USD, accounting for 18.7% (a year-on-year decrease of 23.8%). Republic of Korea ranked third with a total registered investment capital more than of 3.9 billion USD, accounting for 17.4%. Next were China, Hong Kong, Denmark and so on.
Regarding the number of projects, Korean investors pay the most attention, make new investment decisions and expand investment projects/capital contribution and share purchase in the first ten months of 2022 (accounting for 20.6% of new projects, 34.4% of adjusted projects and 34.6% of capital contribution and share purchase).
The foreign investors had invested in 54 provinces and cities nationwide in the first tenmonths of 2022. Ho Chi Minh led the way with 3.42 billion USD registered, making up 15.2% of the total and rising 25.3% over the same period in 2021. Binh Duong ranked second with a total investment capital of 2.85 billion USD, accounting for 12,7% and up 40% over the same period. Quang Ninh ranked third with a total registered investment capital of 2.19 billion USD, accounting for 9.7% and up by 89% times over the same period in 2021. Next were Bac Ninh, Thai Nguyen, Hai Phong 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 (44.1%), capital contributions and share purchases (67.2%) and ranked second in the number of projects registering to adjust investment capital (15.3%, after Hanoi which was 18.8%).
(Detailed data in Appendix II attached)
Attach Files: FDI_10.2022_E.xlsx
Translated by Bao Linh
Ministry of Planning and Investment