In the first two months of 2023, Vietnam witnessed a significant decline in foreign direct investment (FDI) adjustments, with 133 projects registering investment capital adjustments totaling nearly $535.4 million, an 85.1% decrease compared to the same period in 2022.
According to the Ministry of Planning and Investment, by February 20, 2023, the total registered capital of new, adjusted, and contributed investments from foreign investors reached nearly $3.1 billion, a 38% decrease compared to the same period in 2022.
The decline in FDI is attributed to a sharp drop in adjusted capital, as new investment registrations and capital contributions through share purchases were insufficient to offset this decrease.
Specifically, during the first two months of the year, 261 new projects received investment registration certificates, with a total registered capital of over $1.76 billion, a nearly 2.8-fold increase compared to the same period last year.
In addition, 133 projects registered capital adjustments, with a total registered capital increase of nearly $535.4 million, an 85.1% decrease compared to the same period. Foreign investors contributed to 440 share purchases, with a total capital contribution of nearly $797.9 million, a 3.7% increase compared to the same period in 2022.
According to the Ministry of Planning and Investment, foreign investors have invested in 17 out of 21 sectors of Vietnam’s national economy in the first two months of 2022. The processing and manufacturing industry leads with a total investment of over $2.17 billion, accounting for 70.1% of total registered investment capital.
Next is the real estate business sector with a total investment of nearly $396.9 million, accounting for over 12.8% of total registered investment capital, followed by wholesale, retail, and warehousing and transportation sectors, with total registered capital reaching approximately $202.1 million and $141.9 million, respectively.
In terms of the number of new projects, the processing and manufacturing industry also leads, accounting for nearly 30% of projects and 63.9% of total adjusted investment capital.
According to the Ministry of Planning and Investment’s report, 51 countries and territories have invested in Vietnam in the first two months of the year. Singapore leads with a total investment of over $978.4 million, accounting for nearly 31.6% of total investment in Vietnam. Taiwan ranks second with nearly $407.1 million, accounting for 13.1% of total investment, followed by the Netherlands, with registered investment capital of nearly $369 million, accounting for over 11.9% of total investment.
Foreign investors have invested in 39 provinces and cities nationwide. Bac Giang leads with a total registered investment capital of over $824.3 million, accounting for more than 26.6% of total registered investment capital. Ho Chi Minh City ranks second with 103 new projects and a total registered investment capital of over $369.1 million, accounting for more than 11.9% of the country’s total investment. Other provinces, including Binh Duong, Quang Ninh, and Dong Nai, follow.
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