As of March 20th, 2022, the total newly registered, adjusted, and paid-in capital for share purchase by foreign investors reached over USD 8.9 billion, equivalent to 87.9% over the same period last year. The capital generated by FDI projects was estimated at USD 4.42 billion, an increase of 7.8% over the same period in 2021.

Accumulated as of March 20th, 2022, the whole country had 34,815 valid projects with total registered capital of approximately USD 422.84 billion. The accumulated realized capital of foreign direct investment projects was estimated at over USD 256 billion, equaling 60.5% of total valid registered investment capital.

Details are as follows:

I. FDI INFLOWS OF VIETNAM

1. FDI attraction in the first 3 months of 2022

1.1. FDI performance:

Realized capital:

As of March 20th, 2022, FDI projects were estimated to disburse USD 4.42 billion, an increase of 7.8% compared with the same period in 2021.

Import and export performance:

Export: Export turnover of the foreign investment sector continued to increase in the first 3 months of 2022. Export (including crude oil) was estimated at over USD 64.11 billion, an increase of 7.9% compared with the same period last year, accounting for 73.7% of export turnover. Export (excluding crude oil) was approximately USD 63.53 billion, an increase of 7.7% over the same period last year, accounting for 73% of the country’s export turnover.

Import: Imports of foreign investment sector attained more than USD 57.54 billion, up by 15.5% over the same period last year and accounting for 66,4% of the country’s import turnover.

In the first 3 months of 2022, the FDI sector saw a trade surplus of USD 6.57 billion including crude oil and nearly USD 5.99 billion excluding crude oil, while the domestic sector had a trade surplus about over USD 6.15 billion.

1.2. Investment registration

As of March 20th, 2022, total newly registered, adjusted, and paid-in capital for share purchase by foreign investors reached over USD 8.9 billion, equivalent to 87.9% compared to the same period in 2021. The adjusted capital and paid-in capital for share purchase surged while newly registered capital decreased over the same period last year.

Of which:

Newly registered capital: There were 322 new projects granted with investment registration certificates (a year-on-year increase of 37.6%). Total registered capital reached over USD 3.21 billion (a year-on-year decrease of 55.5%).

Adjusted capital: There were 282 projects registered for adjustment of investment capital (a year-on-year increase of 41.6%). Total additional registered capital reached over USD 4.06 billion (a year-on-year increase of 93.3%).

Paid-in capital for share purchase: There were 734 paid-in capital for share purchase by foreign investors (a year-on-year equal of 100%). The total value of paid-in capital was worth USD 1.63 billion (a year-on-year double).

(Detailed data in Appendix I attached).

By sector:

Foreign investors had invested in 18/21 sectors in the national economic classification system, of which the processing and manufacturing led with total investment capital of over USD 5.3 billion, accounting for 59.5% of total registered investment capital. The real estate business ranked the second with investment capital of over USD 2.7 billion, accounting for 30.3% of total registered investment capital. It was followed by professional, scientific and technological activities, and electricity production and distribution with the total registered capital of over USD 200.4 million and USD 194.6 million, respectively. The rest were other sectors.

Regarding the number of new projects, the wholesale and retail; processing and manufacturing; professional, scientific and technological activities attract the most projects, accounting for 27.6%, 26.1% and 15.8% respectively.

By counterpart:

There were 65 countries and territories investing in Vietnam in the first 2 months of 2022. Singapore led the list with total investment capital of nearly USD 2.29 billion, accounting for 25.7% of total investment capital in Vietnam (a decrease of 50.1% compared with the same period in 2021; Republic of Korea ranked the second with nearly USD 1.61 billion, accounting for 18% of total investment capital (a year-on-year increase of 35.6%). With a large-scale Lego project worth over USD 1.3 billion of total investment capital, Denmark ranked the third with total registered investment capital of nearly USD 1.32 billion, accounting for 15.3% of total investment capital, a decline of 29.3% over the same period last year. Next were China, Netherlands, Japan and so on.

Regarding the number of projects, RoK had the most investors that paying attention and making new investment decisions as well as expanding investment projects and paid-in capital for share purchase in the first 3 months of 2022 (accounting for 18.1% of new projects, 34.6% of adjusted projects and 37.7% of paid-in capital for share purchase).

By location:

The foreign investors had invested in 44 provinces and cities nationwide in the first 3 months of 2022. Binh Duong led the list with total registered investment capital of nearly USD 2.32 billion, accounting for 26% of total investment capital, and 5.2 times more than the same period in 2021. Bac Ninh ranked the second with total registered investment capital of nearly USD 1.42 billion, accounting for 15.9% of total investment capital.

Although Thai Nguyen didn’t attract new projects but with two large-scale projects registered for adjustment of investment capital, Thai Nguyen ranked the third with total registered capital of nearly USD 934 million, accounting for 10.5% of total investment capital. Next were Hanoi, Hai Phong, Ho Chi Minh City and so on.

Regarding the number of new projects, foreign investors still focused on investing in 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 (39.4%), paid-in capital for share purchase (68.7%) and ranked the second in number of adjusted projects (13.2%, after Hanoi that was 15.4%).

(Detailed data in Appendix II attached).

Some major projects in in the first 3 months of 2022:

(1) The LEGO Group’ Project (invested by Danish investors) in Binh Duong having total investment capital of nearly USD 1.32 billion USD, with the goal of manufacturing toys and doing import-export, wholesale and retail goods (granted with a certificate of investment on March 18th, 2022).

(2) Vietnam-Singapore Industrial Park (VSIP) Project (invested by Singaporean investors) in Bac Ninh with investment capital adjusted to increase by USD 941 million (granted with a certificate of investment on January 18th, 2022)

(3) Samsung Electro-mechanics Vietnam Co., Ltd Project (invested by Korean investors) in Thai Nguyen with investment capital adjusted to increase by USD 920 million (granted with a certificate of investment on February 15th, 2022).

(4) The plant project of manufacturing electronic and multimedia products and network equipment (invested by Chinese investors) in Nghe An with investment capital adjusted to increase by USD 306 million (granted with a certificate of investment on January 21st, 2022).

Translated by Bao Linh

Ministry of Planning and Investment