FDI into Vietnam plummeted 11%

The special reduction was extended in July when the Covid-19 pandemic was still complicated, instead of only a slight decrease of nearly 3% last month, the total registered FDI capital into Vietnam in the first 7 months of this year decreased by 11% over the same period in 2020.

Total newly registered capital, adjusted and contributed capital, purchased shares, purchased capital contributions from foreign investors since the beginning of the year until now reached $16.7 billion, down 11.1% over the same period in 2020. Realized capital of foreign direct investment projects is estimated at $10.5 billion, up 3.8% over the same period, according to a report of Vietnam’s Ministry of Planning and Investment as of July 20, 2021.

In which, 1,006 new projects were granted investment registration certificates, down 37.9% over the same period last year. Total registered capital of new projects reached $10.13 billion, up 7%.

There were 561 projects registered for adjustment of investment capital, down 9.4% over the same period last year. Specifically, the total additional registered capital reached $4.54 billion, down 3.7%.

Capital contribution and share purchase by foreign investors had 2,403 turns, down 46% over the same period last year. The total value of contributed capital reached nearly $2.05 billion, down nearly 56%.

By investment field, foreign investors have invested in 18 sectors, in which the processing and manufacturing industry continues to lead. Electricity production and distribution ranked second. Next is the real estate business, wholesale, and retail.

According to investment partners, 86 countries and territories have invested in Vietnam, with Singapore leading the way. Followed by Japan and South Korea.

Compared to the same period in 2020, Singapore has reduced the amount of registered investment capital in Vietnam by nearly 8%. Meanwhile, Japan increased by 58%. South Korea also plummeted 22%.

It is known that the investment capital of Singapore and Japan is mainly in the form of new investment, accounting for 81% and 68% of the total registered capital of these two countries, respectively.

According to investment locations, foreign investors have poured capital into 57 provinces and cities across the country, of which Long An province maintains the leading position with the Long An I and II LNG Power Plant projects. Followed by Ho Chi Minh City and Binh Duong.

Export turnover of the foreign investment sector continued to increase, but the growth rate decreased slightly compared to the first 6 months of 2020. Exports including crude oil were estimated at $135.8 billion, up 28.9% on year, accounting for 73.7% of export turnover. Exports excluding crude oil were estimated at nearly $135 billion, up 29.3% over the same period, accounting for 73.2% of export turnover.

Imports of this sector were estimated at $120.9 billion, up 37.6% over the same period and accounting for 64.7% of import turnover.

Therefore, the foreign investment sector had a trade surplus of nearly $13.4 billion including crude oil and a trade surplus of nearly $12.7 billion. Meanwhile, the domestic business sector had a trade deficit of $17.4 billion.

Since the beginning of the year, FDI projects are estimated to have disbursed $10.5 billion, up 3.8% over the same period in 2020.

Cumulatively, the whole country has 33,967 valid projects with a total registered capital of $399 billion. The accumulated realized capital of foreign direct investment projects is estimated at $242.36 billion, equal to 60.7% of the total valid registered investment capital.

Some large FDI projects since the beginning of this year include the Long An I and II LNG Power Plants (Singapore), with a total registered capital of over $3.1 billion with the aim of electricity transmission and distribution, production electricity in Long An (issued with the Investment Certificate on March 19, 2021).

O Mon II Thermal Power Plant Project (Japan), with a total registered capital of over $1.31 billion with the goal of building a thermal power plant to meet the demand for electricity supply to the regional power grid and national electricity system in Can Tho (granted the LURC dated 22/01/2021).

LG Display Hai Phong (Korea) project, adjusted to increase investment capital by $750 million (adjusted investment certificate issued on February 4, 2021).

Factory Project of Polytex Far Eastern Vietnam Co., Ltd (Taiwan), adjusted to increase investment capital by $610 million (adjusted investment certificate issued on May 13, 2021).

Jinko Solar PV Vietnam (Hong Kong) photovoltaic cell technology project, with a total registered investment capital of $498 million with the goal of manufacturing photovoltaic panels and other electrical equipment production in Quang Ninh (GRCDT dated 29/02) March 2021.

Radian tire manufacturing project (China) in Tay Ninh, adjusted to increase investment capital by more than $312 million (adjusted investment certificate issued on January 6, 2021).

Fukang Technology Factory Project (Singapore), registered investment capital of z4293 million with the goal of manufacturing and processing tablets and laptops in Bac Giang (issued with IRC on January 15, 2021).

Thoibao.de (Translated)

Source: https://theleader.vn/von-fdi-vao-viet-nam-giam-manh-11-1627357645012.htm

Bình luận