Viet Nam Human Rights
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| Illustrative image (Photo: VNA) |
In the period, a remarkable decrease was seen in the value of newly-registered capital, down 43.9% to 6.35 billion USD. Meanwhile, additional capital injected into existing projects rose by 50.7% to 7.5 billion USD; and capital contributions and share purchases was up 3.6% to 2.9 billion USD.
Experts said that although Vietnam is still assessed as an attractive destination, the current world developments such as Russia-Ukraine tensions, supply chain disruptions and escalating inflation have remarkably affected FDI influxes into the country and other Southeast Asian nations.
During January-August, 12.8 billion USD of foreign-invested projects was disbursed, up 10.5% year-on-year, signaling foreign investors’ confidence in Vietnam’s investment prospects in the coming time.
Processing and manufacturing continued to lure the largest FDI capital, with 10.7 billion USD, accounting for 63.9% of the total. It was followed by real estate business, with over 3.3 billion USD, making up 19.9% of the total.
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| Processing and manufacturing continue to lure the largest FDI capital (Photo: VNA) |
Singapore topped the list of the 94 nations and territories pouring capital in Vietnam in the period, with 4.53 billion USD, accounting for 27% of the total. It was followed by the Republic of Korea and Japan, with nearly 3.5 billion USD and 1.49 billion USD, respectively.
Ho Chi Minh City attracted the largest capital, with more than 2.7 billion USD, making up 16.1% of the total, followed by Binh Duong with nearly 2.64 billion USD, and Bac Ninh nearly 1.75 billion USD.
As of August 20, the country had over 35,500 valid projects totaling over 430 billion USD. Meanwhile, disbursement is estimated at 264.4 billion USD, equal to 61.5% of the total valid registered capital.
In the first eight months of this year, the foreign-invested sector reported an export value of 184.66 billion USD (including crude oil), up 17% year-on-year and accounting for 73.9% of the total./.
All comments [ 20 ]
The prospect of attracting foreign direct investment (FDI) in Vietnam in 2022 is bright in the context that many large, medium and small investors from developed countries gradually divert investment into Vietnam.
At present, Vietnam is considered as a “good land” for high-quality FDI inflows.
After the Covid-19 pandemic, many large international corporations and enterprises are looking for investment opportunities to diversify the chain.
Vietnam has become one of the brightest candidates to welcome this shifting capital flow thanks to its success in preventing epidemics.
Total foreign investment capital registered in our country increased sharply, up 18.5% over the same period.
it can be seen that Vietnam’s success in the race to top the world in attracting FDI recently thanks to a number of other factors.
Above all, foreign investors highly appreciate the issue of socio-political stability as one of the important contributing factors to the implementation of economic development policies.
Socio-political stability in Vietnam has created strong confidence among domestic and foreign investors.
Investors are ready to mobilize capital to increase investment and expand production.
Despite the considerable impact of Covid-19 on economic activities, Vietnam becomes a bright candidate for value chain transformation in Asia.
In recent years, the quality of human resources in Vietnam has been improved more and more because the Government focuses on investing in public education.
The employees are fostered in terms of culture, skills training, and professional qualifications have contributed to increasing labor productivity in Vietnam, which is also a competitive advantage in attracting foreign investment.
FDI projects, taking advantage of trade agreements that Vietnam has signed, promise to continue entering Vietnam in the near future.
The Government of Vietnam has many special investment incentives and supports to encourage the implementation of a number of investment projects that have a great impact on the economy – society.
Vietnam needs to continue to improve the legal framework, create favorable and equal business investment conditions for investors. is still considered a “good land” to attract high-quality FDI capital after the pandemic.
Attracting foreign direct investment (FDI) has always been a key part of Vietnam’s external economic affairs.
Vietnam already has many comparative advantages and a strong investment climate, but we are working hard to become even more appealing to foreign investors.
We are doing so by vigorously renovating the business and investment climate, and by recognizing that the FDI sector is an integral part of the economy – essential to restructuring the economy and raising national competitiveness.
Vietnam has been securing socio-political stability, and is known to be one of the most dynamic economies.
The Vietnamese government is committed to creating a fair and attractive business environment for foreign investors, and constantly improving its legal framework and institutions related to business and investment.
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