More than US$14 billion of investment capital invested in Vietnam in the first six months of the year

VCN - In the first six months of the year, although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021, adjusted capital and capital contribution to buy shares increased sharply by 65.6% and 41.4% respectively.

Processing and Manufacturing industry continues to lead

Speaking at the press conference to announce socio-economic statistics for the second quarter and first six months of 2022, Ms. Nguyen Thi Huong, General Director of the General Statistics Office, said that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, capital contributions from foreign investors reached over US$14.03 billion, equaling 91.1% over the same period in 2021.

Although newly registered capital has not fully recovered after the interruption of anti-pandemic measures in 2021, adjusted capital and capital contribution to buy shares increased sharply by 65.6% and 41.4%, respectively.

Out of the total number of times of capital contribution and share purchase by foreign investors, there were 786 times of capital contribution and share purchase, increasing the charter capital of the enterprise with a capital contribution value of US$1.1 billion and 921 turns of foreign investors buying back domestic shares without increasing charter capital with a value of US$1.17 billion.

“Realized foreign direct investment in Vietnam in the first six months of 2022 was estimated at US$10.06 billion, up 8.9% over the same period last year. This is the highest amount of foreign direct investment capital realized in the first six months of the year in the past 5 years,” said the General Director of the General Statistics Office.

In terms of the number of new projects, wholesale and retail, the manufacturing and processing industry and professional science and technology activities are the industries that attracted the most projects, accounting for 30.1%, 4% and 16.5% of total projects, respectively.

Illustration: H.Nu
Illustration: H.Nu

Export turnover continues to increase

Notably, there were 84 countries and territories investing in Vietnam in the first six months of 2022, in which, Singapore led with a total investment of over US$4.1 billion, accounting for 29.5% of the total investment capital in Vietnam, down 26.6% over the same period in 2021.

South Korea ranked second with over US$2.66 billion, accounting for nearly 19% of total investment capital, up 29.6% over the same period. With a Lego project with a total investment of over US$1.3 billion, Denmark continues to rank third with a total registered investment capital of nearly US$1.32 billion, accounting for 9.4% of the total investment capital.

According to the number of projects, Korea is still the partner with investors interested in and making new investment decisions as well as expanding investment projects and GVMCP the most in the first six months of 2022 (accounting for 21.3% of the total number of new projects, 35.9% of adjustments and 36.7% of GVMCPs).

Foreign investors have invested in 49 provinces and cities across the country in the first six months of 2022. Binh Duong leads the way with a total registered investment capital of over US$2.53 billion, accounting for 18% of the total and increasing 98.2% over the same period in 2021.

Ho Chi Minh City ranked second with a total investment capital of over US$2.2 billion, accounting for 15.8% of total capital, up 55.2% over the same period last year. Bac Ninh ranked third with a total registered investment capital of nearly US$1.63 billion, accounting for 11.7% of total capital and increasing more than 3.3 times over the same period in 2021.

As of June 20, 2022, the realized capital of foreign investment projects is estimated at nearly US$10.06 billion, up 8.9% over the same period in 2021. Export turnover of the FDI sector continues to increase in the first six months of 2022. Exports (including crude oil) were estimated at nearly US$136.36 billion, up 16% over the same period, accounting for 73.5% of export turnover. Exports excluding crude oil were estimated at almost US$135.2 billion, up 15.8% over the same period, accounting for 72.9% of the country's export turnover.

Imports of the FDI sector were estimated at over US$120.52 billion, up 16.1% over the same period and accounting for 64.8% of the country's import turnover. Generally, in the first six months of 2022, the foreign investment sector had a trade surplus of over US$15.8 billion: including crude oil and a trade surplus of nearly US$14.7 billion, excluding crude oil. Meanwhile, the domestic business sector had a trade deficit of almost US$16.4 billion.

By Xuân Thảo/Bui Diep

Related News

In June, import-export turnover through Hai Phong Customs reached more than US$11 billion

In June, import-export turnover through Hai Phong Customs reached more than US$11 billion

VCN - Import-export turnover cleared at Hai Phong Customs Department in June tended to decrease compared to May but remained at a high level.
Consumption index of the entire processing and manufacturing industry increased by 10.8%

Consumption index of the entire processing and manufacturing industry increased by 10.8%

VCN - In the first 6 months of 2024, the consumption index of the entire processing and manufacturing industry increased by 10.8% compared to the same period in 2023 (the same period last year decreased by 2.2%), while the decrease of the inventory index is the positive signal that shows the recovery of industrial production.
Ho Chi Minh City: Maintains the top position in exports

Ho Chi Minh City: Maintains the top position in exports

VCN - For the first time, export turnover through Ho Chi Minh City port border gates has reached approximately the same as import turnover, bringing Ho Chi Minh City to the top position in exports. This achievement is not only resulted from the support and facilitation of the authorities but also the great efforts of businesses.
Export turnover increases over 14.9%

Export turnover increases over 14.9%

VCN - By the end of May, export activities maintained a double-digit increase with a turnover of US$156.28 billion.

Latest News

Bank profits improve but there are no expectations

Bank profits improve but there are no expectations

VCN - According to assessments of credit institutions, the overall business situation and pre-tax profit of the banking system in the second quarter of 2024 has improved but is not really clear in the first quarter. and did not meet expectations.
Cambodia is Việt Nam

Cambodia is Việt Nam's largest source of cashew nuts

Việt Nam imported nearly 1.5 million tonnes of cashew nuts in the first six months of this year, worth US$1.8 billion.
US cancels tax evasion probe into wooden cabinets imported from Vietnam

US cancels tax evasion probe into wooden cabinets imported from Vietnam

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.
Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

VCN - Many enterprises are facing the risk of reduced competitiveness of domestic and export goods due to the lower cost of imported goods, which do not incur the expenses associated with enhancing iodine, iron, and zinc, resulting in Vietnamese goods being outcompeted at home.

More News

If it is "permissive", OCOP products will not be effective for export

If it is "permissive", OCOP products will not be effective for export

VCN - According to experts, if it is "permissive" in recognizing OCOP products, only caring about beautiful designs and packaging without paying attention to quality, transparency of environmental and social issues..., it will not be effective in exporting.
88.8% of import turnover are equipment and raw materials for production

88.8% of import turnover are equipment and raw materials for production

VCN - In the first six months of 2024, import turnover of goods is estimated to reach US $178.45 billion, up 17% over the same period last year. The import structure of goods in the first six months of the year shows a positive signal when up to 88.8% of the total import turnover is the group of goods that need to be imported.
Vietnam

Vietnam's textile industry gains edge with high-value production capabilities

Vietnam has scored higher overall than China and Bangladesh in the United States Fashion Industry Association (USFIA)’s recent survey comparing the competitive advantages of textile-exporting countries to the US.
Trade disputes are rarely brought to international courts

Trade disputes are rarely brought to international courts

VCN - Stating that trade disputes have a significant impact on import-export activities of businesses, talking to the press, Mr. Tran Viet Anh, Vice Chairman of the Ho Chi Minh City Business Association, made many recommendations for businesses.
Banks permitted to sell investment-linked insurance products

Banks permitted to sell investment-linked insurance products

Commercial banks can continue to sell investment-linked insurance products through the bancassurance channel.
Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year

Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year

VCN - In the first six months of the year, total export turnover of agricultural, forestry and fishery products reached US $29.2 billion, up 19% over the same period in 2023.
Quality varieties spur Vietnamese rice industry

Quality varieties spur Vietnamese rice industry's growth: experts

The success of the rice sector is the fruit of a concerted effort spanning research, production and trade, with high-quality seeds delivered to farmers' hands, former Minister of Agriculture and Rural Development Cao Duc Phat has assessed.
Minister asks for FIATA’s support in dealing with increased shipping freights

Minister asks for FIATA’s support in dealing with increased shipping freights

Minister of Industry and Trade Nguyen Hong Dien has suggested the International Federation of Freight Forwarders Associations (FIATA) provide practical measures to assist Vietnamese businesses in overcoming challenges caused by the increased shipping freight rates, port congestion, and shortage of empty containers.
Efforts made to help firms deeply join global semiconductor supply chain

Efforts made to help firms deeply join global semiconductor supply chain

The Ministry of Planning and Investment (MPI) has taken various solutions to support domestic firms to join the global semiconductor supply chain more intensively, heard a meeting held on July 15 by the ministry.
Read More

Your care

Latest Most read
Bank profits improve but there are no expectations

Bank profits improve but there are no expectations

VCN - Currently, no bank has announced specific business results and profits for the second quarter as well as the first 6 months of 2024.
Cambodia is Việt Nam

Cambodia is Việt Nam's largest source of cashew nuts

Việt Nam imported nearly 1.5 million tonnes of cashew nuts in the first six months of this year, worth US$1.8 billion.
US cancels tax evasion probe into wooden cabinets imported from Vietnam

US cancels tax evasion probe into wooden cabinets imported from Vietnam

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.
Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

Enterprises lose competitive advantage due to regulations on enhancing micronutrients in food

VCN - However, the business community and food industry associations were very surprised and disappointed with the draft amendment to Decree 09 by the Ministry of Health. The draft essentially maintains the problematic provisions of Decree 09, Ms. Ly Kim
If it is "permissive", OCOP products will not be effective for export

If it is "permissive", OCOP products will not be effective for export

VCN - After 5 years of implementing the One Commune One Product Program (OCOP Program), as of June 2024, the whole country has 13,368 OCOP products in 7,000 industries, of which more than 70% are rated 3 stars, about 26% are rated 4 stars and the rest are
Mobile Version