I. FDI INFLOWS OF VIETNAM
As of December 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached about 27.72 billion USD, equivalent to 89% over the same period in 2021. The capital generated by FDI projects was estimated at 22.4 billion USD, an increase of 13.5% over the same period last year.
Accumulated to December 20, 2022, the whole country has 36,278 valid projects with a total registered capital of approximately 438.7 billion USD. The accumulated realised capital of foreign investment projects topped 274 billion USD, equalling 62.5% of the total valid registered investment capital.
Details are as follows:
1. FDI attraction in 2022
1.1. FDI performance:
Realised capital:
As of December 20, 2022, FDI projects were estimated to disburse 22.4 billion USD, up 13.5% year on year.
Import and export performance:
Export: Export (including crude oil) was estimated at 276.5 billion USD, an increase of 12% year on year, accounting for 74.4% of export turnover. Export (excluding crude oil) was over 274.1 billion USD, an increase of 11.8% over the same period, accounting for 73.8% of the country’s export turnover.
Import: Imports of foreign investment sector attained more than 234.7 billion USD, up 7.4% year on year and accounting for 65.1% of the country’s import turnover.
In 2022, the FDI sector saw a trade surplus of 41.8 billion USD including crude oil and 39.5 billion USD excluding crude oil, while the domestic sector had a trade surplus more than 30.8 billion USD.
1.2. Investment registration
As of December 20, 2022, the total newly registered capital, adjusted capital and capital contribution and share purchase of foreign investors stood at 27.72 billion USD, as much as 89% over the same period in 2021. The adjusted capital continued to increase while newly registered capital decreased over the same period last year.
Of which:
Newly registered capital: There were 2,036 new projects were granted investment registration certificates (a year-on-year increase of 17.1%), with total registered capital of 12.45 billion USD (a year-on-year decline of 18.4%)
Adjusted capital: There were 1,107 projects registering for capital adjustment (a year-on-year increase of 12.4%). The total additional registered capital reached approximately 10.12 billion USD (a year-on-year increase of 12.2%).
Capital contribution and share purchase: There were 3,566 capital contributions and share purchases by foreign investors (a year-on-year decline of 6.1%), with the total value of contributed capital reaching over 5.15 billion USD (a year-on-year decrease 25.5%).
(Detailed data in Appendix I attached)
By sector:
Foreign investors poured funds into 19/21 sectors in the national economic classification system, of which the processing and manufacturing industry took the lead with a total investment of over 16.8 billion USD, accounting for 60.6% of the country’s total capital. Realty estate came next with a total investment of 4.45 billion USD, accounting for 16.1% of the total registered investment capital. Followed by electricity production and distribution with over 2.26 billion USD, and scientific and technological activities with nearly 1.29 billion USD. The rest were other sectors.
It is also worth noting that wholesale and retail, processing and manufacturing, and scientific and technological activities were the sectors with the largest number of newly-registered projects, accounting for 30%, 25.1% and 16.3% of the total, respectively.
By counterpart:
There were 108 countries and territories investing in Vietnam this year. Singapore remained Vietnam’s leading source of foreign investment with 6.46 billion USD, making up 23.3 % of the total FDI registered in the country (a year-on-year decline of 39.7%). Republic of Korea came second with about 4.88 billion USD, a year-on-year decrease of 1.5%. Japan came third with a total registered investment capital more than of 4.78 billion USD, accounting for 17.3% and an increase of 22.7% year on year. Next were China, Hong Kong (China), Taiwan (China) and so on.
Regarding the number of projects, the RoK topped the list of investors when it comes to the number of newly-registered and capital-adjusted projects (accounting for 20.4% of new projects, 32.6% of adjusted projects and 34.1% of capital contribution and share purchase).
By location:
The foreign investors had invested in 54 provinces and cities nationwide in 2022. Ho Chi Minh led the way with more than 3.94 billion USD, making up 14.2% of the total and rising 5.4% over the same period in 2021. Binh Duong ranked second with a total investment capital of over 3.14 billion USD, accounting for 47.3% over the same period. Quang Ninh ranked third with a total registered investment capital of 2.37 billion USD, accounting for 8.5% and up by 2 times over the same period in 2021. Next were Bac Ninh, Hai Phong, Ha Noi and so on.
In terms of the number of new projects, foreign investors still focused on big cities with convenient infrastructure such as Ho Chi Minh City and Hanoi. In which, Ho Chi Minh City led both in number of new projects (43.9%), capital contributions and share purchases (67.6%) and ranked second in the number of projects registering for capital adjustment (17.3%, after Hanoi which was 18.6%).
(Detailed data in Appendix II attached)
2. Accumulated foreign investment as of December 20, 2022
Accumulated as of December 20, 2022, the whole country has 36,278 valid FDI projects worth 438.69 billion USD. The accumulated realised capital of FDI projects is estimated at 274 billion USD, equalling 62.5% of the total valid registered investment capital.
- By sector: Foreign investors have invested in 19/21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with more than 260.1 billion USD, accounting for 59.3% of the total investment capital. It was followed by real estate sector with 66.3 billion USD (representing 15.1%); electricity production and distribution with 38.3 billion USD (or 8.7%).
- By counterpart: There are 141 countries having valid investment projects in. In which, RoK ranked first with a total registered capital of 81 billion USD (accounting for 18.5% of total investment). Singapore ranked second with about 70.8 billion USD (representing for 16.1%). Next were Japan, Taiwan (China), Hong Kong (China) and so on
- By location: FDI has been present in all 63 provinces and cities nationwide, of which Ho Chi Minh City remains the leading province in attracting foreign investment with over 55.8 billion USD (accounting for 12.7% of the total investment capital), followed by Binh Duong with 39.6 billion USD (or 9% of the total investment capital), Hanoi with above 38.7 billion USD (representing 8.8% of the total investment capital).
(Detailed data in Appendix III attached)
II. FDI OUTFLOWS OF VIETNAM
In 2022, Vietnam’s total newly-registered and additional investment were about 534 million USD (the figure in 2021 were -367 million USD). Of which, 109 projects were granted new investment registration certificates, with total registered capital of 426.6 million USD (an increase of 78.7% in projects and up 4.3% from last year); and 26 projects registered for capital adjustment of 107.4 million USD (the figure in 2021 was -776 million USD).
Vietnamese investors have invested in 14 sectors abroad. Of which, processing and manufacturing took the lead with 15 newly-registered projects and 4 times of capital adjustment, with total registered capital of 251.9 million USD, accounting for 47.2% of the total. Next came real estate sector with 02 new projects and 03 times of capital adjustment worth 76.8 million USD, representing 14.4%; followed by wholesale and retail, mining sector and so forth.
There were 29 countries and territories receiving investment from Vietnam in 2022. Leading is Singapore with 21 newly-registered and 03 capital-adjusted projects worth 79.5 million USD, accounting for 14.9% of the total investment capital. Laos ranked second with 70.5 million USD, representing 3.2% of total investment capital. Followed by Australia, the US and Germany.
Accumulated as of December 20, 2022, Vietnam had 1,611 valid aboard investment projects with total registered investment capital of above 21.75 billion USD. In which, there are 139 projects of state-owned enterprises with a total investment of nearly 11.6 billion USD, accounting for 53.5% of the country’s total investment capital.
Vietnam’s investment aboard focuses mainly in: mining (32 %); agriculture, forestry and fishery (15.8%). The areas receiving the most investment from Vietnam were Laos (24.6%); Cambodia (13.5%); and Venezuela (8.4%)./.
(Detailed data in Appendix IV and V attached)
Translated by Bao Linh
Ministry of Planning and Investment