Vietnam’s reports drop in foreign investment amid global economic worries
Vietnam received nearly $16.8 billion in foreign direct investment as of August 20 this year, down 12.3 per cent anually, according to the country’s Foreign Investment Agency under the Ministry of Planning and Investment.
In the period, a remarkable decrease was seen in the value of newly-registered capital, down 43.9 per cent to $6.35 billion. Meanwhile, additional capital injected into existing projects rose by 50.7 per cent to $7.5 billion, while capital contributions and share purchases were up 3.6 per cent to $2.9 billion.
Experts said that although Vietnam is still perceived as an attractive investment destination, the current world developments such as the Russia-Ukraine tensions, supply chain disruptions and escalating inflation have remarkably affected foreign direct investment inflows into the country, as well as other Southeast Asian nations.
Processing, manufacturing attract most foreign capital
Processing and manufacturing continued to attract the largest investment volume with $10.7 billion, accounting for 63.9 per cent of the total. It was followed by real estate business with over $3.3 billion, making up 19.9 per cent of the total.
Singapore topped the list of the 94 nations and territories pouring capital into Vietnam in the period with $4.53 billion, accounting for 27 per cent of the total. It was followed by the South Korea and Japan with nearly $3.5 billion and $1.49 billion, respectively.
Ho Chi Minh City is top recipient
Regionwise, Ho Chi Minh City attracted the most capital with more than $2.7 billion, making up 16.1 per cent of the total, followed by Binh Duong province north of Ho Chi Minh City with nearly $2.64 billion and Bac Ninh province east of Hanoi with nearly $1.75 billion.
As of August 20, 2021 the country counts more than 35,500 projects related to foreign direct investment worth a total of over $430 billion. From the start of the year up to August 20, the foreign-invested sector reported an export value of $184.66 billion – including crude oil -, up 17 per cent year-on-year and accounting for 73.9 per cent total exports
[caption id="attachment_38725" align="alignleft" width="300"] Industrial park in Binh Duong province north of Ho Chi Minh CIty[/caption] Vietnam received nearly $16.8 billion in foreign direct investment as of August 20 this year, down 12.3 per cent anually, according to the country’s Foreign Investment Agency under the Ministry of Planning and Investment. In the period, a remarkable decrease was seen in the value of newly-registered capital, down 43.9 per cent to $6.35 billion. Meanwhile, additional capital injected into existing projects rose by 50.7 per cent to $7.5 billion, while capital contributions and share purchases were up 3.6 per cent to $2.9 billion....
Vietnam received nearly $16.8 billion in foreign direct investment as of August 20 this year, down 12.3 per cent anually, according to the country’s Foreign Investment Agency under the Ministry of Planning and Investment.
In the period, a remarkable decrease was seen in the value of newly-registered capital, down 43.9 per cent to $6.35 billion. Meanwhile, additional capital injected into existing projects rose by 50.7 per cent to $7.5 billion, while capital contributions and share purchases were up 3.6 per cent to $2.9 billion.
Experts said that although Vietnam is still perceived as an attractive investment destination, the current world developments such as the Russia-Ukraine tensions, supply chain disruptions and escalating inflation have remarkably affected foreign direct investment inflows into the country, as well as other Southeast Asian nations.
Processing, manufacturing attract most foreign capital
Processing and manufacturing continued to attract the largest investment volume with $10.7 billion, accounting for 63.9 per cent of the total. It was followed by real estate business with over $3.3 billion, making up 19.9 per cent of the total.
Singapore topped the list of the 94 nations and territories pouring capital into Vietnam in the period with $4.53 billion, accounting for 27 per cent of the total. It was followed by the South Korea and Japan with nearly $3.5 billion and $1.49 billion, respectively.
Ho Chi Minh City is top recipient
Regionwise, Ho Chi Minh City attracted the most capital with more than $2.7 billion, making up 16.1 per cent of the total, followed by Binh Duong province north of Ho Chi Minh City with nearly $2.64 billion and Bac Ninh province east of Hanoi with nearly $1.75 billion.
As of August 20, 2021 the country counts more than 35,500 projects related to foreign direct investment worth a total of over $430 billion. From the start of the year up to August 20, the foreign-invested sector reported an export value of $184.66 billion – including crude oil -, up 17 per cent year-on-year and accounting for 73.9 per cent total exports
