Welcoming the first billion USD project of the year, foreign investment capital reached 8.9 billion USD

Data has just been announced by the Foreign Investment Department (Ministry of Planning and Investment), as of March 20, 2022, registered foreign investment capital into Vietnam reached over 8.9 billion USD, equaling 87 billion USD. 9% over the same period in 2021.

“In addition to newly registered investment capital continuing to decrease, both adjusted investment capital and capital contribution and share purchase increased sharply over the same period”the Foreign Investment Department said.

Specifically, in the first quarter of the year, there were 322 new projects granted investment registration certificates (up 37.6% over the same period), with a total registered capital of over 3.21 billion USD (down 55. 5% over the same period).

In fact, it is understandable that newly registered investment capital in the first 3 months of 2022 decreased sharply compared to the same period. In the first three months of last year, many large-scale projects with over 100 million USD in capital were granted investment registration certificates.

These projects alone accounted for 75.3% of the total newly registered capital in the first three months of 2021, especially the Long An I and II LNG Power Plant Projects with an investment capital of over $3.1 billion and O Mon II thermal power project has an investment capital of over 1.3 billion USD.

This year, only one billion-dollar project has been granted investment certification. It is a $ 1.32 billion project of LEGO Manufaturing Vietnam (Denmark) Co., Ltd., with the goal of manufacturing toys and exercising the right to import, export, wholesale and retail goods in Binh Duong.

It is this billion-dollar project that has made an important contribution to bringing the total foreign investment capital into Vietnam in the past three months to 8.9 billion dollars.

In addition to newly granted projects, according to the Foreign Investment Agency, in the first quarter of 2022, there were 228 times of projects registered for adjustment of investment capital (up 41.6% over the same period), with the total registered capital of 228 times. increased more than 4.06 billion USD (up 93.3% over the same period).

Along with that, there were 734 times of capital contribution and share purchase by foreign investors (equal to 100% over the same period), with a total value of contributed capital reaching over 1.63 billion USD (more than 2 times higher than the previous year). same period).

Meanwhile, the realized investment capital of foreign investment projects in the first 3 months of 2022 reached US$4.42 billion, up 7.8% over the same period and 0.6 percentage points higher than 2 months. first month of 2022.

“With the continuous and effective support of the Government and authorities, along with the efforts of the business community to overcome the pandemic and adapt to the new situation, businesses have gradually recovered, maintained maintain and expand production and business activities”the Foreign Investment Department said.

Also according to the Foreign Investment Agency, the situation of foreign investment in Vietnam has become more and more positive, when adjusting capital and contributing capital, buying shares, buying capital contributions from foreign investors all increased compared to the previous year. same period in terms of both quantity and investment capital. Many projects on manufacturing and manufacturing electronic and high-tech products have expanded their capital on a large scale in the first three months of the year.

And although newly registered investment capital decreased sharply, leading to a decrease in total investment capital in 3 months, but the number of new investment projects continued to increase (37.6%). This shows that, despite adverse effects from the Covid-19 pandemic, foreign investors still put their faith in the economy and investment environment of Vietnam in the context of the new normal. make new investment decisions as well as expand existing investments.

The Foreign Investment Department also allows the opening of tourism from March 15, along with a visa-free policy for some countries; The trend of capital movement of European investors due to the influence of the Russia-Ukraine conflict will also affect the attraction of foreign investment to Vietnam in the coming time.

From another angle, the Foreign Investment Agency said that in the first quarter of 2022, foreign investors invested in 18 industries out of a total of 21 industries. economy citizen. In which, the processing and manufacturing industry leads the way with a total investment of over 5.3 billion USD, accounting for 59.5% of the total registered investment capital. The real estate business ranked second with a total investment of nearly 2.7 billion USD, accounting for 30.3% of total registered investment capital.

According to investment partners, Singapore still leads with a total investment of nearly 2.29 billion USD, accounting for 25.7% of total investment capital in Vietnam, down 50.1% over the same period in 2021; Korea ranked second with nearly 1.61 billion USD, accounting for 18% of total investment capital, up 35.6% over the same period.

Especially with a large-scale LEGO project with a total investment of over 1.3 billion USD, Denmark ranked third with a total registered investment capital of nearly 1.32 billion USD, accounting for 14.8% total investment.