Singapore Leads with Nearly US$5.78 Bln Investment

8:14:23 AM | 12/26/2022

The fact that adjusted capital continues to maintain its growth momentum is a signal that confirms foreign investors' confidence in Vietnam's business environment.

According to the Foreign Investment Department (Ministry of Planning and Investment), the total foreign investment capital (newly registered, adjusted and contributed capital to buy shares) reached more than US$25.1 billion, equaling 95% over the same period of 2021.

In the past 11 months, the adjusted capital continued to increase by 18.9%, notably the positive disbursed capital, reaching US$19.68 billion, an increase of more than 15% compared with the same period last year.

Since the beginning of the year, 1,812 new projects have been licensed, up 14.9% over the same period. Newly registered investment capital in 11 months of 2022 increased by 19.3% over the same period. The number of new investment projects also continued to increase over the same period and increased more than in the first months of the year.

In addition, there were 994 times of projects registered to adjust their investment capital (up 13.3% over the same period), with the total additional registered capital reaching nearly US$9.54 billion (up 23.3% compared to the same period last year).

According to the Foreign Investment Agency, the adjustment of capital continues to maintain its growth momentum, which confirms the confidence of foreign investors in the economy and investment environment of Vietnam.

The average scale of capital adjustment/project increased by 4.9% over the same period. In particular, over the past time, many projects in the production and manufacturing of electronic and high-tech products have increased capital on a large scale.

Foreign investors have invested in 19 out of a total of 21 industries. In which, the processing and manufacturing industry led with a total investment of more than US$14.96 billion, accounting for 59.5% of the total registered investment capital. Real estate business ranked second with a total investment of nearly US$4.19 billion, accounting for 16.7% of total registered investment capital.

In the first 11 months of 2022, 107 countries and territories invested in Vietnam. Singapore led with a total investment of nearly US$5.78 billion, followed by Japan with over US$4.6 billion, and Korea  with over US$4.1 billion.

 By Giang Tu, Vietnam Business Forum