Capital spawned by Vietnam FDI projects in 2022 at $22 bn as of Dec 20

Accumulated to December 20, 2022, the country has 36,278 valid projects with a total registered capital of approximately $438.7 billion. The accumulated realised capital of foreign investment projects topped $274 billion, equal to 62.5 per cent of the total valid registered investment capital.

FDI projects were estimated to disburse $22.4 billion as of December 20, up by 13.5 per cent year on year (YoY), the ministry of planning and investment said in a release.

Export (including crude oil) was estimated worth $276.5 billion, an increase of 12 per cent YoY, accounting for 74.4 per cent of export turnover.

Export (excluding crude oil) was over $274.1 billion, an increase of 11.8 per cent over the same period, accounting for 73.8 per cent of the country’s export turnover.

Imports of foreign investment sector attained more than $234.7 billion, up by 7.4 per cent YoY and accounting for 65.1 per cent of the country’s import turnover.

In 2022, the FDI sector saw a trade surplus of $41.8 billion including crude oil and $39.5 billion, excluding crude oil, while the domestic sector had a trade surplus more than $30.8 billion.

Wholesale and retail, processing and manufacturing were among the sectors with the largest number of newly-registered projects

South Korea topped the list of investors when it comes to the number of newly-registered and capital-adjusted projects.

Foreign investors invested in 54 provinces and cities nationwide in 2022. Ho Chi Minh led the way attracting more than $3.94 billion, making up 14.2 per cent of the total and rising by 5.4 per cent over the same period in 2021.

Binh Duong ranked second with a total investment capital of over $3.14 billion, accounting for 47.3 per cent over the same period. Quang Ninh ranked third with a total registered investment capital of $2.37 billion, accounting for 8.5 per cent and up by twice over the same period in 2021.

ALCHEMPro News Desk (DS)