As of September 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares and buy contributed capital of foreign investors reached more than 18.7 billion USD, equivalent to 84.7% over the same period in 2021. Although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021 and global geopolitical tensions, adjusted capital, capital contribution and share purchases have continued to increase at 20.9% and 1.9% respectively. The capital generated by FDI projects was estimated at 15.4 billion USD, an increase of 16.2% over the same period last year.

Accumulated to September 20, 2022, the whole country has 35,725 valid projects with a total registered capital of over 431.5 billion USD. The accumulated realised capital of foreign investment projects topped 267 billion USD, equalling 61.9% of the total valid registered investment capital.

Details are as follows:

1. FDI attraction in the first nine months of 2022

1.1. FDI performance:

Realized capital:

As of September 20, 2022, FDI projects were estimated to disburse 15.4 billion USD, up 16.2% year on year and 5.7 percentage points from the figure in the past eight months.

Import and export performance:

Export: Export turnover of the foreign investment sector continued to increase in the first nine months of 2022, higher than the increase rate in the first eight months. Export (including crude oil) was estimated at over 210.8 billion USD, an increase of 18.4% compared to the same period last year, accounting for 74% of export turnover. Export (excluding crude oil) was nearly 209.1 billion USD, an increase of 18.3% over the same period, accounting for 73.4% of the country’s export turnover.

Import: Imports of foreign investment sector attained 181.78 billion USD, up 13.8% year on year and accounting for 65.2% of the country’s import turnover.

In the first nine months of 2022, the FDI sector saw a trade surplus of more than 29 billion USD including crude oil and 27.3 billion USD excluding crude oil, while the domestic sector had a trade surplus about 23.3 billion USD.

1.2. Investment registration

As of September 20, 2022, the total newly registered capital, adjusted capital and capital contributions and share purchases of foreign investors reached over 18.7 billion USD, as much as 84.7% over the same period in 2021 and decrease of 3 percentage points from the figure in the past eight months. The adjusted capital and capital contributions and share purchases increased while newly registered capital continued to decrease over the same period last year.

Of which:

Newly registered capital: There were 1,355 new projects were granted investment registration certificates (a year-on-year increase of 11.8%). The total registered capital reached 7.12 billion USD (a year-on-year decline of 43%).

Adjusted capital: There were 769 projects registering to adjust their investment capital (a year-on-year increase of 13.4%). The total additional registered capital reached over 8.3 billion USD (a year-on-year increase of 29.9%).

Capital contribution and share purchase: There were 2,697 capital contributions and share purchases by foreign investors (a year-on-year decrease of 4.7%), with the total value of contributed capital reaching 3.28 billion USD (a year-on-year increase 1.9%).

(Detailed data in Appendix I attached)

By sector:

Foreign investors poured funds into 18/21 sectors in the national economic classification system, of which the processing and manufacturing industry continued to lead with a total investment of over 12.1 billion USD, accounting for 64.6% of the country’s total capital. The real estate sector ranked second with a total investment capital of more than 3.5 billion USD, accounting for 18.7% of total registered investment capital. Next came science and technology and wholesale and retail were with 676.9 million USD and 617.9 million USD, respectively. The rest were other sectors.

However, in terms of the number of new projects, wholesale and retail, processing and manufacturing and science and technology attracted the most projects, accounting for 30%, 25.7% and 15.9% of the total, respectively.

By counterpart:

There were 97 countries and territories invested in Vietnam in the first nine months of this year. Singapore remained Vietnam’s leading source of foreign investment with above 4.75 billion USD, making up 25.3% of the total FDI registered in the country (a year-on-year decline of 24.3%). The Republic of Korea ranked second with nearly 3.8 billion USD, accounting for 20.3% (a year-on-year decrease of 2.38%). Japan ranked third with a total registered investment capital of 1.9 billion USD, accounting for 10.2%. Next were China, Denmark, Hong Kong and so on.

Regarding the number of projects, Korean investors pay the most attention, make new investment decisions and expand investment projects/capital contribution and share purchase in the first nine months of 2022 (accounting for 21.4% of new projects, 36% of adjusted projects and 35% of capital contribution and share purchase).

By location:

The foreign investors had invested in 53 provinces and cities nationwide in the first nine months of 2022. Ho Chi Minh led the way with over 2.96 billion USD registered, making up 15.8% of the total and rising 26.2% over the same period in 2021. Binh Duong ranked second with a total investment capital of 2.7 billion USD, accounting for 14.4% and up 58% over the same period. Bac Ninh ranked third with a total registered investment capital of 1.78 billion USD, accounting for 9.5% and increasing by 2.1 times over the same period in 2021. Next were Thai Nguyen, Hai Phong, Dong Nai and so on.

In terms of the number of new projects, foreign investors still focused on 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 (41.8%), capital contributions and share purchases (66.6%) and ranked second in the number of projects registering to adjust investment capital (14.8%, after Hanoi which was 18.4%).

(Detailed data in Appendix II attached)

2. Accumulated foreign investment as of September 20, 2022

Accumulated as of September 20, 2022, the whole country has 35,725 valid FDI projects worth more than 431.5 billion USD. The accumulated realised capital of FDI projects is estimated at 267 billion USD, equalling 61.9% of the total valid registered investment capital.

- By sector: Foreign investors have invested in 19/21 sectors in the national economic classification system, in which the processing and manufacturing accounted for the highest proportion with more than 256.4 billion USD, accounting for 59.4% of the total investment capital. It was followed by real estate with 65.5 billion USD (representing 15.1); electricity production and distribution with 36.4 billion USD (or 8.4%).

- By counterpart: There are 139 countries having valid investment projects in. In which, RoK ranked first with a total registered capital of over 80.5 billion USD (accounting for 18.6%). Singapore ranked second with above 70 billion USD (accounting for 16.3%). Next were Japan, Taiwan, Hong Kong and so on

- 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 more than 55.4 billion USD (accounting for 12.8% of the total investment capital), followed by Binh Duong with over 39.6 billion USD (or 9.2% of the total investment capital), Hanoi with more than 38.1 billion USD (representing 8.8% of the total investment capital)./.

(Detailed data in Appendix III attached)

Translated by Bao Linh

Ministry of Planning and Investment