FDI picture in the first 5 months of 2023 There has been an improvement

DNHN - Vietnam attracted 962 new FDI projects in the first five months of the year, an increase of 66.4% compared to the same period last year, with a total registered capital of over USD 5.26 billion, an increase of 27.8% compared to the same period

Foreign Investment Agency (Ministry of Planning and Investment) just released a report on the state of attracting foreign direct investment (FDI) during the first five months of 2023. Accordingly, as of May 20, the total capital new registration, adjustment and capital contribution to purchase shares, and purchase of contributed capital of foreign investors in Vietnam had reached nearly 10,86 billion USD, representing a 92.7% increase over the same period.

While adjusted investment capital decreased, new investment capital and capital contribution to purchase shares continued to rise in comparison to the same period in the prior year. Specifically, there were 962 newly licensed investment projects with a total registered capital of over USD 5.26 billion, representing a 66.4% increase in the number of projects and a 27.8% increase in registered capital.

There were 485 projects registered to adjust investment capital (an increase of 22.8% over the same period), with the total additional capital amounting to approximately $2.28 billion (a decrease of 59.0% over the same period). The total value of contributed capital reached nearly $3.32 billion (an increase of 67.2% over the same time frame) despite a decline of 5.6% in capital contributions to purchase shares from foreign investors.

According to the Foreign Investment Agency, in 18 of the 21 national economic sectors receiving foreign investment capital, the processing and manufacturing industry remained the most attractive, accounting for 61.2% of the total registered investment capital, a decrease of 2.5% over the same period.

82 nations and territories invested in Vietnam in the first five months of 2023. Among investors from Asia, traditional investment partners such as Singapore, Japan, China, Korea, Taiwan (China), and Hong Kong (China) continue to account for a significant portion. In five months, these six partners accounted for 76.6% of the country's total investment capital. Singapore is in the lead with over 2.53 billion USD, representing over 23.3% of total investment capital, a decrease of 14.3% compared to the same period last year.

In terms of the number of projects, Korea ranks first in terms of the number of new projects (17.4%), capital adjustments (25.2%), and capital contribution and share purchase (28.5%).

There are foreign investments in fifty provinces and cities across the country. Hanoi is in first place with a total registered investment capital of nearly USD 1.87 billion, representing nearly 17.2% of the total registered investment capital and increasing by nearly 2.7 times over the same period. Bac Giang ranked second with a total registered investment capital of over 1 billion USD, accounting for more than 9.4% of the country's total investment capital, a nearly 2.4-fold increase over the same period. Following is the city. Ho Chi Minh, Binh Duong, Dong Nai…

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