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Sunday, October 17 2021
Tiếng Việt
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Date 31/03/2021-15:53:00 PM
Report on foreign direct investment in the first quarter of 2021

As of March 20th, 2021, the total newly registered capital, adjusted capital, and capital contribution or share purchase by foreign investors reached 10.13 billion USD, 18.5% higher than the same period last year. Capital generated by FDI projects was estimated at 4.1 billion USD, up by 6.5% over the same period last year.

Accumulated as of March 20th, 2021, the whole country had 33,294 valid projects with total registered capital of 393.3 billion USD. The accumulated realized capital of foreign direct investment projects was estimated at 236.96 billion USD, equivalent to nearly 60% of total valid registered investment capital.

Details are as follows:

1. FDI attraction in the first quarter of 2021

1.1. FDI performance:

Realized capital:

As of March 21st, 2020, foreign direct investment projects were estimated to disburse 4.1 billion USD, a rise of 6.5% compared with the same period last year.

Import and export performance:

Export: Export turnover of the foreign investment sector continued to grow in the first quarter of 2021. Export (including crude oil) reached nearly 58.59 billion USD, up by 27.5% compared with the same period last year, accounting for 76.4% of export turnover. Export (excluding crude oil) was 28.21 billion USD, a rise of 28% over the same period last year, accounting for 75.9% of the country's export turnover.

Import: Imports of foreign investment sector attained 49.8 billion USD, up by 30.3% over the same period last year and accounting for 66.8% of the country's import turnover.

In the first three months of 2021, the FDI sector saw a trade surplus of around 8.8 billion USD including crude oil and 8.4 billion USD excluding crude oil, offsetting the trade deficit of approximately 6.7 billion USD of the domestic sector, helping the country to gain a trade surplus about 2.1 billion USD.

1.2. Investment registration

As of March 20th, 2020, total newly registered capital, adjusted capital, and capital contribution or share purchase by foreign investors reached 10.13 billion USD, a rise of 18.5% compared to the same period last year. Newly registered capital and adjusted capital made a rise in the first three months of the year while foreign investors’ capital contribution continued to fall.

Of which:

Newly registered capital: There were 234 new projects granted with investment registration certificates (a year-on-year plummet of 69.1%). Total registered capital reached about 7.2 billion USD (a year-on-year increase of 30.6%).

Adjusted capital: There were 161 projects registered for adjustment of investment capital (a year-on-year decrease of 31.8%). Total additional registered capital reached over 2.1 billion USD (a surge of 97.4% compared to the same period).

Capital contribution and share purchase: There were 734 capital contribution and share purchase by foreign investors (a year-on-year decline of 70.9%). The total value of capital contribution was worth 805.3 million USD (a year-on-year decline of 58.8%).

By sector:

Foreign investors had invested in 17 sectors, of which the processing and manufacturing led with total investment capital of nearly 5 billion USD, accounting for 49.6% of total registered investment capital. Electricity production and distribution ranked second with investment capital of about 3.9 billion USD, accounting for 38.9% of total registered investment capital. It was followed by the real estate business, science and technology activities with the total registered capital of about 600 million USD and 167 million USD, respectively. The rest were other sectors.

By counterpart:

There were 56 countries and territories investing in Vietnam in the first three months of 2021. Singapore led the list with total investment capital of approximately 4.6 billion USD, accounting for 45.6% of total investment capital in Vietnam; Japan ranked second with investment of 2.1 billion USD, accounting for 20.8% of total investment capital (in which, investment capital of Singapore and Japan was mainly in the form of new investment, accounting for 93.4% and 70.8% of total investment capital of each country subsequently). South Korea ranked third with registered investment capital of 1.2 billion USD, accounting nearly 11.8% of total investment capital. Next were China, Hong Kong, United State of America, and so on.

By location:

The foreign investors had invested in 47 provinces and cities nationwide in the first quarter of 2021. Long An led the list with total registered investment capital of 3.2 billion USD, accounting for 32.1% of total investment capital. Can Tho ranked second with total registered capital of 1.3 billion USD, accounting for 13.1% of total investment capital. Hai Phong ranked third with 946 million USD, or 9.4% of total investment capital. Next were Ho Chi Minh City, Bac Giang, Binh Duong, and so forth.

(Detailed data tables in Appendix II attached).

Some major projects in the first quarter of 2021:

(1) Long An I and II LNG Power Plant Project (invested by Singaporean investors) having total registered capital of more than 3.1 billion USD, with the goal of transmitting, distributing, and producing electricity in Long An (granted with a certificate of investment on March 19th, 2021).

(2) O Mon II Thermal Power Plant Factory (invested by Japanese investors) in Can Tho, with total investment capital of 1.31 billion USD, aimed to create a thermal power factory for electricity supply for the regional and national power system (granted with a certificate of investment on January 22nd, 2021)

(3) LG Display Project (invested by Korean investors) in Hai Phong with investment capital adjusted to increase by about 750 million USD (granted with an amended investment certificate on February 4th, 2021).

(4) Radian Tire Manufacturing Plant Project (invested by Chinese investors) in Tay Ninh with investment capital adjusted to increase by about 312 million USD (granted with an amended investment certificate on January 6th, 2021).

(5) Fukang Technology Factory (invested by Singaporean investors), having total registered capital of 293 million USD, with the goal of producing and manufacturing tablets and laptops in Bac Giang (granted with a certificate of investment on January 21st, 2021).

2. Evaluation of the FDI performance in the first quarter of 2021.

- Several foreign invested enterprises have recovered and maintained to operate business after the impact of COVID-19 pandemic. The total foreign investment capital in the first quarter of 2021 had increased by 6.5% compared to the same period.

- The number of newly registered capital, adjusted capital and capital contribution/share purchase rose by 18.5% over the same period in 2020 after continuously decreasing in the first two months of the 2021. The average size of newly registered and adjusted capital projects both increased sharply over the same period, by 30.6% and 97.4% correspondingly.

- In the first quarter of 2021, the transition between Law on Investment 2014 and Law on Investment 2020 affected the issuance/adjustment of investment certificates to foreign invested projects in Vietnam. Moreover, the outbreak of COVID-19 in many countries also had impacts to the travel and the foreign investors’ decision to invest and expand projects. Therefore, the number of newly registered, capital-adjusted, capital-contributed or share-purchased projects by foreign investors continued to fall compared to the same period.

- Import and export of the FDI sector continued to grow in the first quarter of 2021. The FDI sector had a trade surplus of about 8.8 billion USD (including crude oil), offsetting the trade deficit of nearly 6.7 billion USD of domestic business sector, help the country to gain a trade surplus of approximately 2.1 billion USD.

3. Accumulated foreign investment as of March 20th, 2021

Accumulated as of March 20th, 2021, the whole country had 33,294 valid projects with total registered capital of nearly 393.3 billion USD. The accumulated realized capital of FDI projects was estimated at 236.96 billion USD, equaling 60.5% of total valid registered capital.

- By sector: Foreign investors have invested in 19/21 sectors in the national economic classification system, in which the processing and manufacturing sector accounted for the highest proportion with almost 230 billion USD, accounting for 58.5% of total investment capital. Followed is real estate business with 60.8 billion USD (or 15.5% of total investment capital); electricity production and distribution with 33.6 billion USD (or 8.5% of total investment capital).

- By counterpart: There are 139 countries having valid investment projects in Vietnam. In which, South Korea ranked first with a total registered capital of 71.5 billion USD (accounting for 18.1% of total investment capital). Japan ranked second with 62.5 billion USD (or 15.9% of total investment capital). Next were Singapore, Taiwan, and Hong Kong.

- 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 48.6 billion USD (accounting for 12.4% of total investment), followed by Hanoi with 36.3 billion USD (or 9.2% of total investment capital), Binh Duong with nearly 35.8 billion USD (or 9.1% of total investment capital)./.


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