More than US$14 billion of investment capital invested in Vietnam in the first six months of the year

Processing and Manufacturing industry continues to lead

Speaking at the press conference to announce socio-economic statistics for the second quarter and first six months of 2022, Ms. Nguyen Thi Huong, General Director of the General Statistics Office, said that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, capital contributions from foreign investors reached over US$14.03 billion, equaling 91.1% over the same period in 2021.

Although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021, adjusted capital and capital contribution to buy shares increased sharply by 65.6% and 41.4%, respectively.

Out of the total number of times of capital contribution and share purchase by foreign investors, there were 786 times of capital contribution and share purchase, increasing the charter capital of the enterprise with a capital contribution value of US$1.1 billion and 921 turns of foreign investors buying back domestic shares without increasing charter capital with a value of US$1.17 billion.

“Realized foreign direct investment in Vietnam in the first six months of 2022 was estimated at US$10.06 billion, up 8.9% over the same period last year. This is the highest amount of foreign direct investment capital realized in the first six months of the year in the past 5 years,” said the General Director of the General Statistics Office.

In terms of the number of new projects, wholesale and retail, the manufacturing and processing industry and professional science and technology activities are the industries that attracted the most projects, accounting for 30.1%, 4% and 16.5% of total projects, respectively.

Illustration: H.Nu

Export turnover continues to increase

Notably, there were 84 countries and territories investing in Vietnam in the first six months of 2022, in which, Singapore led with a total investment of over US$4.1 billion, accounting for 29.5% of the total investment capital in Vietnam, down 26.6% over the same period in 2021.

South Korea ranked second with over US$2.66 billion, accounting for nearly 19% of total investment capital, up 29.6% over the same period. With a Lego project with a total investment of over US$1.3 billion, Denmark continues to rank third with a total registered investment capital of nearly US$1.32 billion, accounting for 9.4% of the total investment capital.

According to the number of projects, Korea is still the partner with investors interested in and making new investment decisions as well as expanding investment projects and GVMCP the most in the first six months of 2022 (accounting for 21.3% of the total number of new projects, 35.9% of adjustments and 36.7% of GVMCPs).

Foreign investors have invested in 49 provinces and cities across the country in the first six months of 2022. Binh Duong leads the way with a total registered investment capital of over US$2.53 billion, accounting for 18% of the total and increasing 98.2% over the same period in 2021.

Ho Chi Minh City ranked second with a total investment capital of over US$2.2 billion, accounting for 15.8% of total capital, up 55.2% over the same period last year. Bac Ninh ranked third with a total registered investment capital of nearly US$1.63 billion, accounting for 11.7% of total capital and increasing more than 3.3 times over the same period in 2021.

As of June 20, 2022, the realized capital of foreign investment projects is estimated at nearly US$10.06 billion, up 8.9% over the same period in 2021. Export turnover of the FDI sector continues to increase in the first six months of 2022. Exports (including crude oil) were estimated at nearly US$136.36 billion, up 16% over the same period, accounting for 73.5% of export turnover. Exports excluding crude oil were estimated at almost US$135.2 billion, up 15.8% over the same period, accounting for 72.9% of the country's export turnover.

Imports of the FDI sector were estimated at over US$120.52 billion, up 16.1% over the same period and accounting for 64.8% of the country's import turnover. Generally, in the first six months of 2022, the foreign investment sector had a trade surplus of over US$15.8 billion: including crude oil and a trade surplus of nearly US$14.7 billion, excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of almost US$16.4 billion.