FDI attraction is getting better after a long period of decline

According to the General Statistics Office, total registered foreign direct investment (FDI) and implemented capital both increased again, showing that Vietnam's foreign investment attraction is gradually improving after a long period of decline. reduce.

 New investment capital, capital contributions, and share purchases in August 2023 continued to increase compared to the same period last year. Photo: Tran Viet/TTXVN

Mr. Do Nhat Hoang, Director of the Foreign Investment Department (Ministry of Planning and Investment - Planning and Investment) commented: The situation of attracting FDI capital flows into Vietnam is gradually positive. Although in addition to the adjusted investment capital decreasing, new investment capital and capital contributions and share purchases in August 2023 continued to increase compared to the same period last year.

Specifically: By August 20, total FDI capital reached nearly 18.15 billion USD, an increase of 8.2% over the same period last year. Of which, new investment capital reached 8.87 billion USD, an increase of 39.7% over the same period; Investment capital through capital contribution and share purchases reached 4.47 billion USD, an increase of 62.8%. However, the additional capital only reached 4.53 billion USD, down 39.7%.

“Adjusted investment capital tends to improve month by month compared to the first months of this year. The decrease in the first 8 months of this year is only 39.7%, lower than the decrease of 42.5% in the first 7 months of 2023, as well as the decrease of 57.1% in the first 6 months of this year; 59.4% in 5 months; 68.6% in 4 months; 70.3% in 3 months and a decrease of 85.2% in the first 2 months of 2023. The number of capital adjusted projects also maintained an increase over the same period. At this speed, we expect investors to have confidence in Vietnam's investment environment and continue to make decisions to expand existing projects," commented Mr. Do Nhat Hoang.

Specifically: Total FDI capital into Vietnam in 8 months of this year (including newly registered capital, adjusted registered capital and value of capital contributions and share purchases of foreign investors) reached 18.15 billion USD, an increase 8.2% over the same period last year. Of which, newly registered capital includes 1,924 licensed projects with a registered capital of 8.87 billion USD, an increase of 69.5% over the same period last year in the number of projects and an increase of 39.7% in the number of projects. registered capital.

The processing and manufacturing industry received the largest new FDI license with a registered capital of 7.55 billion USD, accounting for 85.1% of the total newly registered capital; Real estate business activities reached 472.4 million USD, accounting for 5.3%; The remaining industries reached 851.8 million USD, accounting for 9.6%.

Among the 63 countries and territories with new licensed investment projects in Vietnam in the first 8 months of 2023, Singapore is the largest investor with 2.45 billion USD, accounting for 27.6% of total registered capital. New level; followed by China with 1.88 billion USD, accounting for 21.2%; Hong Kong Special Administrative Region (China) 1.15 billion USD, accounting for 13%; Taiwan 700.4 million USD, accounting for 7.9%; Japan 555.4 million USD, accounting for 6.3%; Korea 459.2 million USD, accounting for 5.2%.

By sector, foreign investors have invested in 18 industries out of 21 national economic sectors. The processing and manufacturing industry leads with a total investment capital of nearly 13 billion USD, accounting for nearly 67.8% of total registered investment capital and an increase of 14.7% over the same period.

The real estate business ranked second with a total investment capital of more than 1.76 billion USD, accounting for more than 9.7% of total registered investment capital, down 47.2% over the same period. Finance and banking industries; Professional and scientific and technological activities ranked 3rd and 4th with total registered capital of nearly 1.54 billion USD (nearly 63.7 times) and nearly 800 million USD (up 28.9%), respectively. The rest are other industries.

According to partners, Singapore leads with a total investment capital of more than 3.83 billion USD, accounting for more than 21.2% of total investment capital in Vietnam, down 15.4% over the same period in 2022; China ranked second with nearly 2.69 billion USD, accounting for 14.8% of total investment capital, an increase of 90.8% over the same period. Japan ranked third with a total registered investment capital of more than 2.58 billion USD, accounting for more than 14.2% of total investment capital, an increase of 73.1% over the same period. Next are Korea, Hong Kong, Taiwan,...

From a geographical perspective, Hanoi leads with a total registered investment capital of more than 2.34 billion USD, accounting for nearly 12.9% of total registered investment capital and increasing 2.89 times over the same period in 2022. ; Hai Phong ranked second with a total registered investment capital of more than 2.08 billion USD, accounting for nearly 11.5% of the total investment capital of the country, an increase of 72.2% over the same period; Next are Ho Chi Minh City, Bac Giang, Binh Duong,...

"FDI into countries around the world has been declining for some time after peaking in 2015 as part of the trend of 'reversal globalization' and 'geo-economic fragmentation'. In contrast, FDI inflows Asia continues to move higher with a notable jump over the past 3 years. It can be seen that the pandemic has had little impact on investment flows into the region. FDI flows into Asia have more than doubled since 2010," HSBC bank's FDI capital report said.

Previously, Deputy Minister of Planning and Investment, Mr. Tran Quoc Phuong commented: Although the world and regional economic context has rapid, complex, unpredictable and unpredictable developments. However, Vietnam is still considered a bright spot on the map of attracting foreign direct investment with many advantages.

Specifically: Vietnam continues to maintain macroeconomic stability, control inflation, and achieve positive growth results in a difficult context. Vietnam's international position is being enhanced, international integration is becoming deeper and deeper, participating in and effectively implementing 16 signed Free Trade Agreements (FTAs), including generation FTAs. with extensive and comprehensive commitments such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Partnership (RCEP) and the United Nations Free Trade Agreement. European - Vietnam Alliance (EVFTA)...

In addition, Vietnam is ranked in the group of 20 economies with the largest commercial scale in the world with the presence of investors from 143 countries and territories with nearly 38,000 projects, total registered capital. more than 452 billion USD. In particular, Vietnam has advantages in human resources and a domestic market of nearly 100 million people with a rapidly growing middle class, creating a market with quite large purchasing power.

“The Ministry has been coordinating with localities and relevant organizations to continue implementing tasks and solutions on developing industrial parks and economic zones, including researching and proposing the development of a Law on Industrial Parks and Economic Zones. industrial and economic zones to submit to competent authorities for consideration in the near future", Deputy Minister Tran Quoc Phuong shared.

According to baotintuc.vn