Vietnam attracts nearly 16.8 bln USD in FDI in eight months

Update: 18:23 | 26/08/2022

Vietnam raked in nearly 16.8 billion USD in foreign direct investment (FDI) as of August 20, down 12.3% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the period, a remarkable decrease was seen in the value of newly-registered capital, down 43.9% to 6.35 billion USD. Meanwhile, additional capital injected into existing projects rose by 50.7% to 7.5 billion USD; and capital contributions and share purchases was up 3.6% to 2.9 billion USD.

Vietnam, FDI, eight months, foreign direct investment, year on year increase, Foreign Investment Agency, newly-registered capital, capital contributions

Illustrative image.

Experts said that although Vietnam is still assessed as an attractive destination, the current world developments such as Russia-Ukraine tensions, supply chain disruptions and escalating inflation have remarkably affected FDI influxes into the country and other Southeast Asian nations.

During January-August, 12.8 billion USD of foreign-invested projects was disbursed, up 10.5% year-on-year, signaling foreign investors’ confidence in Vietnam’s investment prospects in the coming time.

Processing and manufacturing continued to lure the largest FDI capital, with 10.7 billion USD, accounting for 63.9% of the total. It was followed by real estate business, with over 3.3 billion USD, making up 19.9% of the total.

Singapore topped the list of the 94 nations and territories pouring capital in Vietnam in the period, with 4.53 billion USD, accounting for 27% of the total. It was followed by the Republic of Korea and Japan, with nearly 3.5 billion USD and 1.49 billion USD, respectively.

Ho Chi Minh City attracted the largest capital, with more than 2.7 billion USD, making up 16.1% of the total, followed by Binh Duong with nearly 2.64 billion USD, and Bac Ninh nearly 1.75 billion USD.

As of August 20, the country had over 35,500 valid projects totaling over 430 billion USD. Meanwhile, disbursement is estimated at 264.4 billion USD, equal to 61.5% of the total valid registered capital.

In the first eight months of this year, the foreign-invested sector reported an export value of 184.66 billion USD (including crude oil), up 17% year-on-year and accounting for 73.9% of the total.

FDI reaches over 10.8 billion USD in Jan-April
The inflow of foreign direct investment into Vietnam hit 10.8 billion USD in January - April period, according to the Ministry of Planning and Investment
Vietnam draws over 10.8 billion USD of FDI in four months
Vietnam attracted over 10.8 billion USD of foreign direct investment (FDI) in the first four months of this year, equivalent to 88.3 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Production value of FDI sector increases 33.8 percent year on year
(BGO) - The production value in Bac Giang province hit nearly 61 trillion VND (2.66 billion USD) in the first quarter of this year, up over 31 percent year on year.
Thai Nguyen ranks second in FDI attraction in two months
The northern province of Thai Nguyen with the issuance of of a licence to to Samsung Electro-Mechanics Vietnam Co., Ltd under Samsung Corporation of the Republic of Korea to add 920 million USD to its project, ranked second in attracting foreign direct investment (FDI) in the first two months of 2022, behind Bac Ninh.
Spectacular breakthrough in FDI attraction
(BGO) – In 2021, Bac Giang attracted total investment of over 1.3 billion USD to the industrial parks which is an impressive figure for such a hard year due to Covid-19 pandemic. 

Source: VNA

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