ANN/VIETNAM NEWS – Vietnam reached over USD14 billion in foreign direct investment (FDI) in the first six months of 2022, the Ministry of Planning and Investment (MPI) announced.
MPI’s data showed that as of June 20, the total newly registered capital, adjusted and contributed capital to buy shares, contributed capital of foreign investors reached USD14.03 billion, as much as 91.1 per cent over the same period in 2021.
Of which, 752 new projects were granted investment registration certificates, down 6.5 per cent compared to the same period, with a total registered capital of over USD4.94 billion, down 48.2 per cent over the same period.
In addition, there were 487 projects registering to adjust their investment capital, up 5.9 per cent over the same period, with the total additional registered capital reaching nearly USD6.82 billion, up 65.6 per cent compared to the same period last year.
There were also 1,707 capital contributions and share purchases by foreign investors in the first half, down eight per cent over the same period, with the total value of contributed capital reaching over USD2.27 billion, up 41.4 per cent over the same period last year.
MPI’s Foreign Investment Agency said that although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021, adjusted capital, capital contribution and share purchases have continued to increase sharply at 65.6 per cent and 41.4 per cent respectively.
The Foreign Investment Agency said though adjusted capital decreased in March and May, the remaining months increased sharply with an increase ranging from 90 per cent to nearly 4.7 times compared to the same months of 2021.
In the first six months of 2022, foreign investors poured funds into 18 industries out of a total of 21 national economic sectors. Of which, the processing and manufacturing industry continued to lead with a total investment of nearly USD8.84 billion, accounting for nearly 63 per cent of the total registered investment capital. The real estate sector ranked second with total investment capital of over USD3.15 billion, accounting for 22.5 per cent of total registered investment capital.
Next came information and communication industries, scientific and technological activities with total registered capital of nearly USD442.6 million and USD408.5 million respectively.
However, in terms of the number of new projects, wholesale, retail, processing, manufacturing and scientific and technological professional activities were the industries that attracted the most projects, accounting for 30.1 per cent, 25.4 per cent and 16.5 per cent of the total projects, respectively.
Regarding investment partners, 84 countries and territories invested in Vietnam in the first six months of this year. Among which, Singapore led with a total investment capital of more than USD4.1 billion, accounting for 29.5 per cent of total investment capital in Vietnam. South Korea ranked second with over USD2.66 billion, accounting for nearly 19 per cent of total investment capital.