Vietnam attracts more than $14 billion in foreign investment in first half of 2022
International Business News – According to statistics from the Foreign Investment Bureau of the Ministry of Planning and Investment of Vietnam, as of June 20, 2022, the total foreign direct investment (FDI) in Vietnam exceeded $14.03 billion, equivalent to 91.1% of the same period last year.
Specifically, there were 752 newly approved projects with a total registered capital of over $4.94 billion, a year-on-year decrease of 48.2%.
There were 487 capital increase projects with a total capital increase of nearly $6.82 billion, a year-on-year increase of 65.6%.
The total amount of joint venture shares purchased by foreign investors exceeded $2.27 billion, a year-on-year increase of 41.4%.
According to the assessment of the Foreign Investment Bureau, the capital availability rate of foreign-invested projects in the first half of 2022 increased by 8.9% year-on-year, which shows that the production and operation activities of enterprises are continuously recovering and expanding.
Foreign investors invest in 18 of Vietnam’s 21 national economic sectors. The processing and manufacturing industry continued to lead, with investment capital of nearly $8.84 billion, accounting for nearly 63% of the total investment in Vietnam. The real estate operation industry ranked second with a total investment of more than 3.15 billion dollars, accounting for 22.5% of the total investment.
In the first half of 2022, 84 countries and regions invested in Vietnam. Among them, Singapore leads with a total investment of more than 4.1 billion dollars, accounting for 29.5% of the total investment in Vietnam, down 26.6% year-on-year; South Korea ranks second with more than 2.66 billion dollars, accounting for nearly 19% of the total investment, a year-on-year increase of 29.6%. With the LEGO Group investing more than $1.3 billion in projects, Denmark continued to rank third, investing nearly $1.32 billion in Vietnam, accounting for 9.4% of the total investment. Followed by China, Japan, Hong Kong and other countries and regions.
In the first half of 2022, foreign investors will invest in 49 provinces and cities across Vietnam. Binh Duong Province leads with a registered capital of over $2.53 billion, accounting for 18% of the total investment in Vietnam, a year-on-year increase of 98.2%. Ho Chi Minh City ranked second, attracting more than $2.2 billion in foreign investment, accounting for 15.8% of the total investment, an increase of 55.2% over the same period last year.
As of June 20, 2022, there were 35,184 valid projects nationwide, with a total registered capital exceeding $427.97 billion. Among them, the accumulated funds of foreign-invested projects reached nearly 261.66 billion dollars, equivalent to 61.1% of the total effective registered capital.